VERISK ANALYTICS, INC., PRE 14A filed on 3/21/2025
Proxy Statement - Notice of Shareholders Meeting (preliminary)
v3.25.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type PRE 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Verisk Analytics, Inc.
Entity Central Index Key 0001442145
v3.25.1
Pay vs Performance Disclosure - USD ($)
 5 Months Ended 7 Months Ended 12 Months Ended
May 25, 2022
Dec. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Pay versus Performance Table
In accordance with the SEC’s PVP rules, the following table sets forth the compensation for the principal executive officer (“PEO”) and the average compensation for the other NEOs, both as reported in the 2024 Summary Compensation Table (“SCT”) above in this Proxy Statement and with certain adjustments to reflect the CAP to such individuals, for each of 2024, 2023, 2022, 2021, and 2020. The table also provides information on the Company cumulative TSR, the cumulative TSR of the Company’s peer group, GAAP Net Income and Adjusted EBITDA.
 
Year(1)
  
 
Summary Compensation
Table Total for PEO
 
    
 
Compensation Actually Paid
to PEO(2)(3)(4)
 
    
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
    
Average
Compensation
Actually
Paid to
Non-PEO

NEOs(2)(3)(4)
    
 
Value of Initial
Fixed $100
Investment
Based on:
 
    
GAAP
Net
Income
($M)(6)
    
Adjusted
EBITDA
(SM)(7)
  
 
Shavel
    
Stephenson
    
Shavel
    
Stephenson
    
Verisk
TSR
(f)
    
Peer
Group
TSR (5)
(g)
  
(a)
  
(b)
    
(b)
    
(c)
    
(c)
    
(d)
    
(e)
    
(h)
    
(i)
  
                   
2024
   $ 12,074,727       N/A     $ 21,282,096       N/A     $ 3,163,867     $ 4,834,504     $ 190.33     $ 181.25     $ 958     $ 1,576  
                   
2023
   $ 10,366,566       N/A     $ 21,717,026       N/A     $ 3,090,834     $ 5,238,100     $ 164.08     $ 159.07     $ 614     $ 1,433  
                   
2022
   $ 9,497,341     $ 11,539,051     $ 6,732,273     ($ 6,332,838 )    $ 4,134,272     $ 2,547,625     $ 120.44     $ 123.70     $ 954     $ 1,285  
                   
2021
     N/A     $ 12,796,321       N/A     $ 16,416,053     $ 3,207,448     $ 3,917,525     $ 155.07     $ 156.06     $ 666     $ 1,248  
                   
2020
     N/A     $ 10,013,372       N/A     $ 27,909,134     $ 3,262,117     $ 7,939,143     $ 139.89     $ 127.00     $ 713     $ 1,376  
 
(1)
Scott G. Stephenson was the PEO in 2020, 2021 and from January 1, 2022 through his retirement on May 25, 2022. Beginning on May 25, 2022, Lee M. Shavel was the PEO. For 2024, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Sunita Holzer. For 2023, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Sunita Holzer. For 2022, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Mark V. Anquillare. For 2021, the
non-PEO
NEOs included Lee M. Shavel, Nick Daffan, Kathy Card Beckles and Mark V. Anquillare. For 2020, the
non-PEO
NEOs included Lee M. Shavel, Nick Daffan, Mark V. Anquillare and Kenneth E. Thompson.
 
 
 
(2)
SEC rules require certain adjustment
s b
e made to the amounts reported in the Summary Compensation Table to determine CAP, as reported in the PVP table above. The following tables detail the applicable adjustments that were made to determine CAP by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table and does not reflect the actual amounts of compensation earned by or paid to such NEOs during the applicable year.
 
     
PEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
 
Shavel
    
Shavel
    
Stephenson
    
Shavel
    
Stephenson
    
Stephenson
  
       
Summary Compensation Table Total
  
$
12,074,727
 
  
$
10,366,566
 
  
$
11,539,051
 
  
$
9,497,341
 
  
$
12,796,321
 
  
$
10,013,372
 
       
Deduction for SCT “Stock Awards” column value
   ($ 7,600,135 )    ($ 5,919,999 )    ($ 8,400,001 )    ($ 6,420,689 )    ($ 7,875,006 )    ($ 5,625,065 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 1,899,792 )    ($ 1,480,011 )    ($ 2,100,016 )    ($ 1,105,324 )    ($ 2,625,006 )    ($ 1,874,942 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   $ 0     $ 0     $ 0     $ 0     ($ 98,355 )    ($ 73,496 ) 
       
Total Deductions from SCT
  
($
9,499,927
) 
  
($
7,400,010
) 
  
($
10,500,017
) 
  
($
7,526,013
) 
  
($
10,598,367
) 
  
($
7,573,503
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 12,058,835     $ 11,356,589     $ 2,686,913     $ 7,539,174     $ 14,021,396     $ 13,298,392  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 5,516,920     $ 6,371,264     ($ 3,245,127 )    ($ 1,743,448 )    $ 2,539,694     $ 10,128,267  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 1,751,269     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 1,131,542     $ 1,022,617     ($ 8,564,927 )    ($ 1,034,781 )    ($ 2,342,991 )    $ 2,042,605  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
18,707,296
 
  
$
18,750,470
 
  
($
7,371,873
) 
  
$
4,760,945
 
  
$
14,218,099
 
  
$
25,469,265
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
21,282,096
 
  
$
21,717,026
 
  
($
6,332,838
) 
  
$
6,732,273
 
  
$
16,416,053
 
  
$
27,909,134
 
 
 
       
Average
Non-PEO
NEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
       
Summary Compensation Table Total
  
$
3,163,867
 
  
$
3,090,834
 
  
$
4,134,272
 
  
$
3,207,448
 
  
$
3,262,117
 
       
Deduction for SCT “Stock Awards” column value
   ($ 1,534,981 )    ($ 1,309,988 )    ($ 2,690,771 )    ($ 1,520,386 )    ($ 1,373,430 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 383,749 )    ($ 327,511 )    ($ 297,717 )    ($ 425,107 )    ($ 457,820 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   ($ 2,677 )    $ 0     $ 0     ($ 58,174 )    ($ 66,761 ) 
       
Total Deductions from SCT
  
($
1,921,406
) 
  
($
1,637,499
) 
  
($
2,988,488
) 
  
($
2,003,667
) 
  
($
1,898,011
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 2,435,580     $ 2,513,010     $ 2,821,246     $ 2,587,735     $ 3,247,054  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 608,136     $ 947,600     ($ 835,414 )    $ 551,657     $ 2,768,097  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 548,328     $ 324,155     ($ 583,991 )    ($ 425,648 )    $ 559,886  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
3,592,043
 
  
$
3,784,765
 
  
$
1,401,841
 
  
$
2,713,744
 
  
$
6,575,037
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
4,834,504
 
  
$
5,238,100
 
  
$
2,547,625
 
  
$
3,917,525
 
  
$
7,939,143
 
 
(3)
The fair value of PSUs reporting for CAP purposes in columns (c) and (e) assumes estimated performance results as of the end of each fiscal year for internal metrics (i.e., EBITDA & ROIC) and Monte Carlo simulation valuation model for market metrics (i.e., TSR vs. performance peer group), in accordance with FASB ASC 718. PSUs will ultimately vest based on measured performance through the end of the three-year performance period for the relevant metrics.
(4)
The fair value of stock option awards reporting for CAP purposes in columns (c) and (e) was determined using the Black-Scholes option pricing model using materially the same assumptions as disclosed at the initial grant.
(5)
Reflects the total shareholder return indexed to $100 per share for the fourteen-company peer group we use for executive compensation benchmarking purposes which is also the industry line peer group reported in our Annual Report on Form
10-K
for the year ended December 31, 2024. One company in the peer group from the 2023 Pay versus Performance disclosure (Black Knight) is no longer publicly traded and was replaced in the current peer group. Two companies in the peer group from the 2022 Pay versus Performance disclosure (CoreLogic and IHS Markit) are no longer publicly-traded and were replaced in the 2023 peer group. The comparable cumulative total shareholder return for the most recent prior peer groups for the periods starting on January 1, 2020 and ending on December 31
st
of the following years would be: 2020 ($
128.58
), 2021 ($153.33), 2022 ($117.78), 2023 ($147.94), and 2024 ($169.21).
(6)
Reflects “Net Income” for each applicable year as set forth in our Consolidated Statements of Operations included in our Annual Report on Form
10-K
for each of the applicable years.
(7)
Reflects the Adjusted EBITDA amounts for each applicable year as set forth in our earnings release filed as an exhibit in our Current Report on Form
8-K
for each of the applicable years. In 2023 and 2024, our Talent Management and Compensation Committee used Adjusted EBITDA on an absolute dollar basis, and in years 2020-2022 used Adjusted EBITDA year-over-year percentage growth rates, to determine our NEOs STI outcomes. EBITDA represents GAAP Net Income from continuing operations adjusted for (i) depreciation and amortization of fixed assets; (ii) amortization of intangible assets; (iii) interest expense; and (iv) provision for income taxes. Adjusted EBITDA represents EBITDA adjusted for acquisition-related costs (earn-outs), gain/loss from dispositions (which includes businesses held for sale), and nonrecurring gain/loss. Adjusted EBITDA was subject to further normalization by our Talent Management and Compensation Committee in 2023 and 2024 to eliminate the financial impact of certain items, including, among others, contributions from acquisitions not included in the Company’s budget, the timing of the divestitures, and the impact of
fo
reign currency exchange rate changes.
       
Company Selected Measure Name     Adjusted EBITDA        
Named Executive Officers, Footnote     For 2024, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Sunita Holzer. For 2023, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Sunita Holzer. For 2022, the
non-PEO
NEOs included Elizabeth D. Mann, Nick Daffan, Kathy Card Beckles and Mark V. Anquillare. For 2021, the
non-PEO
NEOs included Lee M. Shavel, Nick Daffan, Kathy Card Beckles and Mark V. Anquillare. For 2020, the
non-PEO
NEOs included Lee M. Shavel, Nick Daffan, Mark V. Anquillare and Kenneth E. Thompson. 		       
Peer Group Issuers, Footnote     Reflects the total shareholder return indexed to $100 per share for the fourteen-company peer group we use for executive compensation benchmarking purposes which is also the industry line peer group reported in our Annual Report on Form
10-K
for the year ended December 31, 2024. 		       
Adjustment To PEO Compensation, Footnote    
(2)
SEC rules require certain adjustment
s b
e made to the amounts reported in the Summary Compensation Table to determine CAP, as reported in the PVP table above. The following tables detail the applicable adjustments that were made to determine CAP by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table and does not reflect the actual amounts of compensation earned by or paid to such NEOs during the applicable year.
 
     
PEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
 
Shavel
    
Shavel
    
Stephenson
    
Shavel
    
Stephenson
    
Stephenson
  
       
Summary Compensation Table Total
  
$
12,074,727
 
  
$
10,366,566
 
  
$
11,539,051
 
  
$
9,497,341
 
  
$
12,796,321
 
  
$
10,013,372
 
       
Deduction for SCT “Stock Awards” column value
   ($ 7,600,135 )    ($ 5,919,999 )    ($ 8,400,001 )    ($ 6,420,689 )    ($ 7,875,006 )    ($ 5,625,065 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 1,899,792 )    ($ 1,480,011 )    ($ 2,100,016 )    ($ 1,105,324 )    ($ 2,625,006 )    ($ 1,874,942 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   $ 0     $ 0     $ 0     $ 0     ($ 98,355 )    ($ 73,496 ) 
       
Total Deductions from SCT
  
($
9,499,927
) 
  
($
7,400,010
) 
  
($
10,500,017
) 
  
($
7,526,013
) 
  
($
10,598,367
) 
  
($
7,573,503
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 12,058,835     $ 11,356,589     $ 2,686,913     $ 7,539,174     $ 14,021,396     $ 13,298,392  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 5,516,920     $ 6,371,264     ($ 3,245,127 )    ($ 1,743,448 )    $ 2,539,694     $ 10,128,267  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 1,751,269     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 1,131,542     $ 1,022,617     ($ 8,564,927 )    ($ 1,034,781 )    ($ 2,342,991 )    $ 2,042,605  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
18,707,296
 
  
$
18,750,470
 
  
($
7,371,873
) 
  
$
4,760,945
 
  
$
14,218,099
 
  
$
25,469,265
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
21,282,096
 
  
$
21,717,026
 
  
($
6,332,838
) 
  
$
6,732,273
 
  
$
16,416,053
 
  
$
27,909,134
 
 
 
       
Average
Non-PEO
NEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
       
Summary Compensation Table Total
  
$
3,163,867
 
  
$
3,090,834
 
  
$
4,134,272
 
  
$
3,207,448
 
  
$
3,262,117
 
       
Deduction for SCT “Stock Awards” column value
   ($ 1,534,981 )    ($ 1,309,988 )    ($ 2,690,771 )    ($ 1,520,386 )    ($ 1,373,430 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 383,749 )    ($ 327,511 )    ($ 297,717 )    ($ 425,107 )    ($ 457,820 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   ($ 2,677 )    $ 0     $ 0     ($ 58,174 )    ($ 66,761 ) 
       
Total Deductions from SCT
  
($
1,921,406
) 
  
($
1,637,499
) 
  
($
2,988,488
) 
  
($
2,003,667
) 
  
($
1,898,011
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 2,435,580     $ 2,513,010     $ 2,821,246     $ 2,587,735     $ 3,247,054  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 608,136     $ 947,600     ($ 835,414 )    $ 551,657     $ 2,768,097  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 548,328     $ 324,155     ($ 583,991 )    ($ 425,648 )    $ 559,886  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
3,592,043
 
  
$
3,784,765
 
  
$
1,401,841
 
  
$
2,713,744
 
  
$
6,575,037
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
4,834,504
 
  
$
5,238,100
 
  
$
2,547,625
 
  
$
3,917,525
 
  
$
7,939,143
 
       
Non-PEO NEO Average Total Compensation Amount     $ 3,163,867 $ 3,090,834 $ 4,134,272 $ 3,207,448 $ 3,262,117
Non-PEO NEO Average Compensation Actually Paid Amount     $ 4,834,504 5,238,100 2,547,625 3,917,525 7,939,143
Adjustment to Non-PEO NEO Compensation Footnote    
(2)
SEC rules require certain adjustment
s b
e made to the amounts reported in the Summary Compensation Table to determine CAP, as reported in the PVP table above. The following tables detail the applicable adjustments that were made to determine CAP by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table and does not reflect the actual amounts of compensation earned by or paid to such NEOs during the applicable year.
 
     
PEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
 
Shavel
    
Shavel
    
Stephenson
    
Shavel
    
Stephenson
    
Stephenson
  
       
Summary Compensation Table Total
  
$
12,074,727
 
  
$
10,366,566
 
  
$
11,539,051
 
  
$
9,497,341
 
  
$
12,796,321
 
  
$
10,013,372
 
       
Deduction for SCT “Stock Awards” column value
   ($ 7,600,135 )    ($ 5,919,999 )    ($ 8,400,001 )    ($ 6,420,689 )    ($ 7,875,006 )    ($ 5,625,065 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 1,899,792 )    ($ 1,480,011 )    ($ 2,100,016 )    ($ 1,105,324 )    ($ 2,625,006 )    ($ 1,874,942 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   $ 0     $ 0     $ 0     $ 0     ($ 98,355 )    ($ 73,496 ) 
       
Total Deductions from SCT
  
($
9,499,927
) 
  
($
7,400,010
) 
  
($
10,500,017
) 
  
($
7,526,013
) 
  
($
10,598,367
) 
  
($
7,573,503
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 12,058,835     $ 11,356,589     $ 2,686,913     $ 7,539,174     $ 14,021,396     $ 13,298,392  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 5,516,920     $ 6,371,264     ($ 3,245,127 )    ($ 1,743,448 )    $ 2,539,694     $ 10,128,267  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 1,751,269     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 1,131,542     $ 1,022,617     ($ 8,564,927 )    ($ 1,034,781 )    ($ 2,342,991 )    $ 2,042,605  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
18,707,296
 
  
$
18,750,470
 
  
($
7,371,873
) 
  
$
4,760,945
 
  
$
14,218,099
 
  
$
25,469,265
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
21,282,096
 
  
$
21,717,026
 
  
($
6,332,838
) 
  
$
6,732,273
 
  
$
16,416,053
 
  
$
27,909,134
 
 
 
       
Average
Non-PEO
NEO SCT Total to CAP Reconciliation
  
2024
    
2023
    
2022
    
2021
    
2020
  
       
Summary Compensation Table Total
  
$
3,163,867
 
  
$
3,090,834
 
  
$
4,134,272
 
  
$
3,207,448
 
  
$
3,262,117
 
       
Deduction for SCT “Stock Awards” column value
   ($ 1,534,981 )    ($ 1,309,988 )    ($ 2,690,771 )    ($ 1,520,386 )    ($ 1,373,430 ) 
       
Deduction for SCT “Option Awards” column value
   ($ 383,749 )    ($ 327,511 )    ($ 297,717 )    ($ 425,107 )    ($ 457,820 ) 
       
Deduction for SCT “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column value
   ($ 2,677 )    $ 0     $ 0     ($ 58,174 )    ($ 66,761 ) 
       
Total Deductions from SCT
  
($
1,921,406
) 
  
($
1,637,499
) 
  
($
2,988,488
) 
  
($
2,003,667
) 
  
($
1,898,011
) 
       
Increase for service cost and prior service cost for pension plans
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase for
year-end
fair value of unvested equity granted during the year
   $ 2,435,580     $ 2,513,010     $ 2,821,246     $ 2,587,735     $ 3,247,054  
       
Increase /(deduction) for change in fair value of unvested equity granted in prior years
   $ 608,136     $ 947,600     ($ 835,414 )    $ 551,657     $ 2,768,097  
       
Increase for vesting date fair value of equity granted and vested during the year
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Increase /(deduction) for change in fair value of vested equity granted in prior years
   $ 548,328     $ 324,155     ($ 583,991 )    ($ 425,648 )    $ 559,886  
       
Increase based on value of dividends not otherwise reflected in fair value or total compensation
   $ 0     $ 0     $ 0     $ 0     $ 0  
       
Total Adjustments
  
$
3,592,043
 
  
$
3,784,765
 
  
$
1,401,841
 
  
$
2,713,744
 
  
$
6,575,037
 
       
Compensation Actually Paid
(SCT minus deductions plus total adjustments)
  
$
4,834,504
 
  
$
5,238,100
 
  
$
2,547,625
 
  
$
3,917,525
 
  
$
7,939,143
 
       
Compensation Actually Paid vs. Total Shareholder Return    
Relationship Between Compensation Actually Paid and Company TSR, and Comparison of Peer TSR versus Company TSR
The following graph sets forth the relationship between “Compensation Actually Paid” to our PEO(s), the average of “Compensation Actually Paid” to our other NEOs, and our Company’s cumulative TSR during the five most recently completed fiscal years, as well as a comparison of the Company’s cumulative TSR over the same period to that of the fourteen-company peer group we use for executive compensation benchmarking purposes which is also the industry line peer group reported in our Annual Report on Form
10-K
for the year ended December 31, 2024.
 
 
LOGO 		       
Compensation Actually Paid vs. Net Income    
Relationship Between Compensation Actually Paid and GAAP Net Income
The following graph sets forth the relationship between “Compensation Actually Paid” to our PEO(s), the average of “Compensation Actually Paid” to our other NEOs, and our Net Income during the five most recently completed fiscal years.
 
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure    
Relationship Between Compensation Actually Paid and Adjusted EBITDA
The following graph sets forth the relationship between “Compensation Actually Paid” to our PEO(s), the average of “Compensation Actually Paid” to our other NEOs, and our Adjusted EBITDA during the five mos
t re
cently completed fiscal years.
 
 
LOGO 		       
Total Shareholder Return Vs Peer Group    
Relationship Between Compensation Actually Paid and Company TSR, and Comparison of Peer TSR versus Company TSR
The following graph sets forth the relationship between “Compensation Actually Paid” to our PEO(s), the average of “Compensation Actually Paid” to our other NEOs, and our Company’s cumulative TSR during the five most recently completed fiscal years, as well as a comparison of the Company’s cumulative TSR over the same period to that of the fourteen-company peer group we use for executive compensation benchmarking purposes which is also the industry line peer group reported in our Annual Report on Form
10-K
for the year ended December 31, 2024.
 
 
LOGO 		       
Tabular List, Table    
Most Important Metrics Used for Linking Pay and Performance
The list below shows, in compliance with PVP regulations, the most important metrics the Company and the Talent Management and Compensation Committee used in the most recent fiscal year to link CAP to Company performance. These measures, along with others, significantly impact compensation outcomes for the NEOs.
 
 Metrics
 Adjusted EBITDA
 Revenue
 Relative TSR
 Incremental ROIC
       
Total Shareholder Return Amount     $ 190.33 164.08 120.44 155.07 139.89
Peer Group Total Shareholder Return Amount     181.25 159.07 123.7 156.06 127
Net Income (Loss)     $ 958,000,000 $ 614,000,000 $ 954,000,000 $ 666,000,000 $ 713,000,000
Company Selected Measure Amount     1,576,000,000 1,433,000,000 1,285,000,000 1,248,000,000 1,376,000,000
Measure:: 1              
Pay vs Performance Disclosure              
Name     Adjusted EBITDA        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Revenue        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Relative TSR        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Incremental ROIC        
Scott G. Stephenson [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount         $ 11,539,051 $ 12,796,321 $ 10,013,372
PEO Actually Paid Compensation Amount         (6,332,838) $ 16,416,053 $ 27,909,134
PEO Name Scott G. Stephenson         Scott G. Stephenson Scott G. Stephenson
Lee M. Shavel [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 12,074,727 $ 10,366,566 9,497,341    
PEO Actually Paid Compensation Amount     $ 21,282,096 $ 21,717,026 6,732,273    
PEO Name   Lee M. Shavel Lee M. Shavel Lee M. Shavel      
PEO | Scott G. Stephenson [Member] | Pension Adjustments Prior Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         0 $ 0 $ 0
PEO | Scott G. Stephenson [Member] | Equity Awards Adjustments              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (7,371,873) 14,218,099 25,469,265
PEO | Scott G. Stephenson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         2,686,913 14,021,396 13,298,392
PEO | Scott G. Stephenson [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (3,245,127) 2,539,694 10,128,267
PEO | Scott G. Stephenson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         1,751,269 0 0
PEO | Scott G. Stephenson [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (8,564,927) (2,342,991) 2,042,605
PEO | Scott G. Stephenson [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         0 0 0
PEO | Scott G. Stephenson [Member] | Total Deductions From SCT [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (10,500,017) (10,598,367) (7,573,503)
PEO | Scott G. Stephenson [Member] | Deduction For SCT Stock Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (8,400,001) (7,875,006) (5,625,065)
PEO | Scott G. Stephenson [Member] | Deduction For SCT Option Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         (2,100,016) (2,625,006) (1,874,942)
PEO | Scott G. Stephenson [Member] | Deduction For SCT Change In Pension Value And Nonqualified Deferred Compensation Earnings Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount         0 (98,355) (73,496)
PEO | Lee M. Shavel [Member] | Pension Adjustments Prior Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ 0 0    
PEO | Lee M. Shavel [Member] | Equity Awards Adjustments              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     18,707,296 18,750,470 4,760,945    
PEO | Lee M. Shavel [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     12,058,835 11,356,589 7,539,174    
PEO | Lee M. Shavel [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     5,516,920 6,371,264 (1,743,448)    
PEO | Lee M. Shavel [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
PEO | Lee M. Shavel [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,131,542 1,022,617 (1,034,781)    
PEO | Lee M. Shavel [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
PEO | Lee M. Shavel [Member] | Total Deductions From SCT [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (9,499,927) (7,400,010) (7,526,013)    
PEO | Lee M. Shavel [Member] | Deduction For SCT Stock Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (7,600,135) (5,919,999) (6,420,689)    
PEO | Lee M. Shavel [Member] | Deduction For SCT Option Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,899,792) (1,480,011) (1,105,324)    
PEO | Lee M. Shavel [Member] | Deduction For SCT Change In Pension Value And Nonqualified Deferred Compensation Earnings Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0    
Non-PEO NEO | Pension Adjustments Prior Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Equity Awards Adjustments              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     3,592,043 3,784,765 1,401,841 2,713,744 6,575,037
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,435,580 2,513,010 2,821,246 2,587,735 3,247,054
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     608,136 947,600 (835,414) 551,657 2,768,097
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     548,328 324,155 (583,991) (425,648) 559,886
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Total Deductions From SCT [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,921,406) (1,637,499) (2,988,488) (2,003,667) (1,898,011)
Non-PEO NEO | Deduction For SCT Stock Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,534,981) (1,309,988) (2,690,771) (1,520,386) (1,373,430)
Non-PEO NEO | Deduction For SCT Option Awards Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (383,749) (327,511) (297,717) (425,107) (457,820)
Non-PEO NEO | Deduction For SCT Change In Pension Value And Nonqualified Deferred Compensation Earnings Column Value [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ (2,677) $ 0 $ 0 $ (58,174) $ (66,761)
v3.25.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Equity Grant Processes and Timing
The Talent Management and Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information (“MNPI”), and the Company does not time the release of MNPI based upon grant dates of equity. In the event MNPI becomes known to the Talent Management and Compensation Committee before granting an equity award, the Talent Management and Compensation Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety.
Equity awards granted to our NEOs in the form of annual LTI awards typically have a January 15 grant date, and such awards are generally approved by the Talent Management and Compensation Committee at its regularly scheduled meeting held in December of the prior year. The Talent Management and Compensation Committee meetings are normally scheduled well in advance and are not scheduled with an eye to announcements of MNPI regarding the Company. The Talent Management and Compensation Committee may make an award with an effective date in the future, including awards contingent on commencement of employment or some other subsequent event, or may act by unanimous written consent on the date of such an event when the proposed issuances have been reviewed by the Talent Management and Compensation Committee prior to the date of the event.
During fiscal 2024, the Company did not grant equity awards to any NEO during any period beginning four business days before and ending one business day after the filing of any Company periodic report on Form
10-Q
or Form
10-K,
or the filing or furnishing of any Company current report on Form
8-K
that disclosed any MNPI.
Award Timing Method In the event MNPI becomes known to the Talent Management and Compensation Committee before granting an equity award, the Talent Management and Compensation Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety.
Award Timing Predetermined true
Award Timing MNPI Considered false
v3.25.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true