SCHNEIDER NATIONAL, INC., DEF 14A filed on 3/17/2025
Proxy Statement (definitive)
v3.25.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Schneider National, Inc.
Entity Central Index Key 0001692063
v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Value of Initial
Fixed $100
Investment
Based on:
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ Year
(1)
(a) 		​ ​ ​
Summary
Compensation
Table Total for
PEO
(b)
​ ​ ​
Compensation
Actually Paid to
PEO(2)(3)(4)
(c)
​ ​ ​
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
(d)
​ ​ ​
Average
Compensation
Actually Paid to
Non-PEO NEOs
(2)(3)(4)
(e)
​ ​ ​
Total
Shareholder
Return
(f)
​ ​ ​
Peer Group
Total
Shareholder
Return(5)
(g)
​ ​ ​
Net
Income
(GAAP)
(6)
(h)
​ ​ ​
Operating
Earnings
(6)(7)
(i)
​ ​
​ ​ 2024 ​ ​ ​ ​ $ 9,264,023 ​ ​ ​ ​ ​ $ 11,135,722 ​ ​ ​ ​ ​ $ 1,954,195 ​ ​ ​ ​ ​ $ 2,286,337 ​ ​ ​ ​ ​ $ 156.87 ​ ​ ​ ​ ​ $ 156.71 ​ ​ ​ ​ ​ $ 117 ​ ​ ​ ​ ​ $ 165 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ 5,794,256 ​ ​ ​ ​ ​ $ 1,989,593 ​ ​ ​ ​ ​ $ 1,266,373 ​ ​ ​ ​ ​ $ 412,195 ​ ​ ​ ​ ​ $ 134.36 ​ ​ ​ ​ ​ $ 154.31 ​ ​ ​ ​ ​ $ 239 ​ ​ ​ ​ ​ $ 296 ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ 6,885,881 ​ ​ ​ ​ ​ $ 6,957,044 ​ ​ ​ ​ ​ $ 1,787,456 ​ ​ ​ ​ ​ $ 1,756,329 ​ ​ ​ ​ ​ $ 121.90 ​ ​ ​ ​ ​ $ 127.96 ​ ​ ​ ​ ​ $ 458 ​ ​ ​ ​ ​ $ 610 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ 6,752,188 ​ ​ ​ ​ ​ $ 11,257,776 ​ ​ ​ ​ ​ $ 1,878,416 ​ ​ ​ ​ ​ $ 2,951,458 ​ ​ ​ ​ ​ $ 138.33 ​ ​ ​ ​ ​ $ 155.22 ​ ​ ​ ​ ​ $ 405 ​ ​ ​ ​ ​ $ 532 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ 5,083,611 ​ ​ ​ ​ ​ $ 3,644,917 ​ ​ ​ ​ ​ $ 1,513,183 ​ ​ ​ ​ ​ $ 1,159,134 ​ ​ ​ ​ ​ $ 105.18 ​ ​ ​ ​ ​ $ 116.52 ​ ​ ​ ​ ​ $ 212 ​ ​ ​ ​ ​ $ 300 ​ ​ ​
​
(1)
The CEO in all five reporting years is Mark B. Rourke. The NEOs in the 2024 reporting year are Darrell Campbell, Shaleen Devgun, James A. Filter, and Robert M. Reich. The NEOs in the 2023 reporting year are Darrell Campbell, Shaleen Devgun, James A. Filter, Robert M. Reich, and Stephen L. Bruffett. The NEOs in the 2022 reporting year are Stephen L. Bruffett, Shaleen Devgun, Thomas G. Jackson, and Robert M. Reich. The NEOs in the 2021 reporting year are Stephen L. Bruffett, David L. Geyer, Shaleen Devgun, and Thomas G. Jackson. The NEOs in the 2020 reporting year are Stephen L. Bruffett, David L. Geyer, Shaleen Devgun, and Thomas G. Jackson.
​
(2)
SEC rules require certain adjustments be made to the SCT values to determine CAP, as reported in the PVP table above. For purposes of the pension valuation adjustments, NEOs do not participate in any defined benefit plan and as such it is not included in the below table. The following table details the applicable adjustments that were made to determine CAP.
​
​ ​ ​ ​ ​ ​
Subtract
Stock Award
Value as
reported in
SCT for
Covered Year
​ ​ ​
Add Covered
Year-End
Value of
Awards
Granted in
Covered Year
and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Covered
Year-End (as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Vesting Date
(as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered Year
​ ​ ​
Add Change
in Value of
Dividends
Accrued
​ ​ ​
Subtract
Prior Year-
End Value of
Equity
Awards that
Failed to
Meet Vesting
Conditions
During
Covered Year
​ ​ ​
Total Value
of Equity for
CAP
​ ​
​ ​ PEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (7,826,878) ​ ​ ​ ​ ​ $ 9,860,029 ​ ​ ​ ​ ​ $ 463,473 ​ ​ ​ ​ ​ $ (756,784) ​ ​ ​ ​ ​ $ 131,860 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 9,698,577 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (4,703,533) ​ ​ ​ ​ ​ $ 1,569,705 ​ ​ ​ ​ ​ $ (1,204,169) ​ ​ ​ ​ ​ $ 453,389 ​ ​ ​ ​ ​ $ 79,945 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 898,869 ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (4,404,255) ​ ​ ​ ​ ​ $ 3,879,453 ​ ​ ​ ​ ​ $ 991,183 ​ ​ ​ ​ ​ $ (568,661) ​ ​ ​ ​ ​ $ 173,443 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 4,475,418 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (3,744,805) ​ ​ ​ ​ ​ $ 4,678,511 ​ ​ ​ ​ ​ $ 3,032,155 ​ ​ ​ ​ ​ $ 307,725 ​ ​ ​ ​ ​ $ 232,002 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 8,250,393 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (2,900,009) ​ ​ ​ ​ ​ $ 2,661,424 ​ ​ ​ ​ ​ $ (1,323,076) ​ ​ ​ ​ ​ $ (189,815) ​ ​ ​ ​ ​ $ 312,782 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,461,315 ​ ​ ​
​ ​ Average Non-PEO NEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (1,269,123) ​ ​ ​ ​ ​ $ 1,598,622 ​ ​ ​ ​ ​ $ 63,164 ​ ​ ​ ​ ​ $ (82,529) ​ ​ ​ ​ ​ $ 22,008 ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ $ 1,601,264 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (766,663) ​ ​ ​ ​ ​ $ 206,114 ​ ​ ​ ​ ​ $ (91,691) ​ ​ ​ ​ ​ $ 65,954 ​ ​ ​ ​ ​ $ 5,779 ​ ​ ​ ​ ​ $ (273,671) ​ ​ ​ ​ ​ $ (87,515) ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (776,820) ​ ​ ​ ​ ​ $ 684,450 ​ ​ ​ ​ ​ $ 148,922 ​ ​ ​ ​ ​ $ (119,239) ​ ​ ​ ​ ​ $ 31,559 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 745,693 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (756,014) ​ ​ ​ ​ ​ $ 949,705 ​ ​ ​ ​ ​ $ 731,558 ​ ​ ​ ​ ​ $ 94,194 ​ ​ ​ ​ ​ $ 53,600 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,829,056 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (656,264) ​ ​ ​ ​ ​ $ 602,272 ​ ​ ​ ​ ​ $ (350,870) ​ ​ ​ ​ ​ $ (46,019) ​ ​ ​ ​ ​ $ 96,832 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 302,216 ​ ​ ​
​
(3)
The fair value of performance shares/units 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., EBT & ROC) and Monte Carlo simulation valuation model for market metrics (i.e., TSR vs. performance peer group), in accordance with FASB ASC 718. Performance share/units will ultimately vest based on measured performance through the end of the three-year performance period for all 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 Dow Jones Transportation Index, which is the industry peer group reported in our 2024 Form 10-K. See page [38] for the TSR measurement periods used for each fiscal year.
​
(6)
Values shown are in millions.
​
(7)
Updated naming from EBIT to Operating Earnings for 2023; actual metric is the same. In 2024, our Compensation Committee approved, consistent with pre-approved guidelines, an adjustment to 1H Operating Earnings performance to exclude the negative effect of $6.4M in charges related to an immaterial out-of-period adjustment from 2023. In 2023, no adjustments were made to the Annual Incentive Plan’s Operating Earnings performance. The results are consistent with the Income from Operations provided in the Company’s financials. The adjustments made for 2020-2022 are as described in the corresponding proxy filings.
​
​
​
        
Company Selected Measure Name Operating Earnings        
Named Executive Officers, Footnote
(1)
The CEO in all five reporting years is Mark B. Rourke. The NEOs in the 2024 reporting year are Darrell Campbell, Shaleen Devgun, James A. Filter, and Robert M. Reich. The NEOs in the 2023 reporting year are Darrell Campbell, Shaleen Devgun, James A. Filter, Robert M. Reich, and Stephen L. Bruffett. The NEOs in the 2022 reporting year are Stephen L. Bruffett, Shaleen Devgun, Thomas G. Jackson, and Robert M. Reich. The NEOs in the 2021 reporting year are Stephen L. Bruffett, David L. Geyer, Shaleen Devgun, and Thomas G. Jackson. The NEOs in the 2020 reporting year are Stephen L. Bruffett, David L. Geyer, Shaleen Devgun, and Thomas G. Jackson.
       
Peer Group Issuers, Footnote
(5)
Reflects the total shareholder return indexed to $100 per share for the Dow Jones Transportation Index, which is the industry peer group reported in our 2024 Form 10-K. See page [38] for the TSR measurement periods used for each fiscal year.
       
PEO Total Compensation Amount $ 9,264,023 $ 5,794,256 $ 6,885,881 $ 6,752,188 $ 5,083,611
PEO Actually Paid Compensation Amount $ 11,135,722 1,989,593 6,957,044 11,257,776 3,644,917
Adjustment To PEO Compensation, Footnote
(2)
SEC rules require certain adjustments be made to the SCT values to determine CAP, as reported in the PVP table above. For purposes of the pension valuation adjustments, NEOs do not participate in any defined benefit plan and as such it is not included in the below table. The following table details the applicable adjustments that were made to determine CAP.
​
​ ​ ​ ​ ​ ​
Subtract
Stock Award
Value as
reported in
SCT for
Covered Year
​ ​ ​
Add Covered
Year-End
Value of
Awards
Granted in
Covered Year
and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Covered
Year-End (as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Vesting Date
(as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered Year
​ ​ ​
Add Change
in Value of
Dividends
Accrued
​ ​ ​
Subtract
Prior Year-
End Value of
Equity
Awards that
Failed to
Meet Vesting
Conditions
During
Covered Year
​ ​ ​
Total Value
of Equity for
CAP
​ ​
​ ​ PEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (7,826,878) ​ ​ ​ ​ ​ $ 9,860,029 ​ ​ ​ ​ ​ $ 463,473 ​ ​ ​ ​ ​ $ (756,784) ​ ​ ​ ​ ​ $ 131,860 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 9,698,577 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (4,703,533) ​ ​ ​ ​ ​ $ 1,569,705 ​ ​ ​ ​ ​ $ (1,204,169) ​ ​ ​ ​ ​ $ 453,389 ​ ​ ​ ​ ​ $ 79,945 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 898,869 ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (4,404,255) ​ ​ ​ ​ ​ $ 3,879,453 ​ ​ ​ ​ ​ $ 991,183 ​ ​ ​ ​ ​ $ (568,661) ​ ​ ​ ​ ​ $ 173,443 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 4,475,418 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (3,744,805) ​ ​ ​ ​ ​ $ 4,678,511 ​ ​ ​ ​ ​ $ 3,032,155 ​ ​ ​ ​ ​ $ 307,725 ​ ​ ​ ​ ​ $ 232,002 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 8,250,393 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (2,900,009) ​ ​ ​ ​ ​ $ 2,661,424 ​ ​ ​ ​ ​ $ (1,323,076) ​ ​ ​ ​ ​ $ (189,815) ​ ​ ​ ​ ​ $ 312,782 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,461,315 ​ ​ ​
​ ​ Average Non-PEO NEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (1,269,123) ​ ​ ​ ​ ​ $ 1,598,622 ​ ​ ​ ​ ​ $ 63,164 ​ ​ ​ ​ ​ $ (82,529) ​ ​ ​ ​ ​ $ 22,008 ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ $ 1,601,264 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (766,663) ​ ​ ​ ​ ​ $ 206,114 ​ ​ ​ ​ ​ $ (91,691) ​ ​ ​ ​ ​ $ 65,954 ​ ​ ​ ​ ​ $ 5,779 ​ ​ ​ ​ ​ $ (273,671) ​ ​ ​ ​ ​ $ (87,515) ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (776,820) ​ ​ ​ ​ ​ $ 684,450 ​ ​ ​ ​ ​ $ 148,922 ​ ​ ​ ​ ​ $ (119,239) ​ ​ ​ ​ ​ $ 31,559 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 745,693 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (756,014) ​ ​ ​ ​ ​ $ 949,705 ​ ​ ​ ​ ​ $ 731,558 ​ ​ ​ ​ ​ $ 94,194 ​ ​ ​ ​ ​ $ 53,600 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,829,056 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (656,264) ​ ​ ​ ​ ​ $ 602,272 ​ ​ ​ ​ ​ $ (350,870) ​ ​ ​ ​ ​ $ (46,019) ​ ​ ​ ​ ​ $ 96,832 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 302,216 ​ ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 1,954,195 1,266,373 1,787,456 1,878,416 1,513,183
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,286,337 412,195 1,756,329 2,951,458 1,159,134
Adjustment to Non-PEO NEO Compensation Footnote
(2)
SEC rules require certain adjustments be made to the SCT values to determine CAP, as reported in the PVP table above. For purposes of the pension valuation adjustments, NEOs do not participate in any defined benefit plan and as such it is not included in the below table. The following table details the applicable adjustments that were made to determine CAP.
​
​ ​ ​ ​ ​ ​
Subtract
Stock Award
Value as
reported in
SCT for
Covered Year
​ ​ ​
Add Covered
Year-End
Value of
Awards
Granted in
Covered Year
and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Covered
Year-End (as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year and
Outstanding
and
Unvested as
of Covered
Year-End
​ ​ ​
Change in
Value as of
Vesting Date
(as
Compared to
Prior Year-
End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered Year
​ ​ ​
Add Change
in Value of
Dividends
Accrued
​ ​ ​
Subtract
Prior Year-
End Value of
Equity
Awards that
Failed to
Meet Vesting
Conditions
During
Covered Year
​ ​ ​
Total Value
of Equity for
CAP
​ ​
​ ​ PEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (7,826,878) ​ ​ ​ ​ ​ $ 9,860,029 ​ ​ ​ ​ ​ $ 463,473 ​ ​ ​ ​ ​ $ (756,784) ​ ​ ​ ​ ​ $ 131,860 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 9,698,577 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (4,703,533) ​ ​ ​ ​ ​ $ 1,569,705 ​ ​ ​ ​ ​ $ (1,204,169) ​ ​ ​ ​ ​ $ 453,389 ​ ​ ​ ​ ​ $ 79,945 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 898,869 ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (4,404,255) ​ ​ ​ ​ ​ $ 3,879,453 ​ ​ ​ ​ ​ $ 991,183 ​ ​ ​ ​ ​ $ (568,661) ​ ​ ​ ​ ​ $ 173,443 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 4,475,418 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (3,744,805) ​ ​ ​ ​ ​ $ 4,678,511 ​ ​ ​ ​ ​ $ 3,032,155 ​ ​ ​ ​ ​ $ 307,725 ​ ​ ​ ​ ​ $ 232,002 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 8,250,393 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (2,900,009) ​ ​ ​ ​ ​ $ 2,661,424 ​ ​ ​ ​ ​ $ (1,323,076) ​ ​ ​ ​ ​ $ (189,815) ​ ​ ​ ​ ​ $ 312,782 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,461,315 ​ ​ ​
​ ​ Average Non-PEO NEO ​ ​
​ ​ 2024 ​ ​ ​ ​ $ (1,269,123) ​ ​ ​ ​ ​ $ 1,598,622 ​ ​ ​ ​ ​ $ 63,164 ​ ​ ​ ​ ​ $ (82,529) ​ ​ ​ ​ ​ $ 22,008 ​ ​ ​ ​ ​ $ — ​ ​ ​ ​ ​ $ 1,601,264 ​ ​ ​
​ ​ 2023 ​ ​ ​ ​ $ (766,663) ​ ​ ​ ​ ​ $ 206,114 ​ ​ ​ ​ ​ $ (91,691) ​ ​ ​ ​ ​ $ 65,954 ​ ​ ​ ​ ​ $ 5,779 ​ ​ ​ ​ ​ $ (273,671) ​ ​ ​ ​ ​ $ (87,515) ​ ​ ​
​ ​ 2022 ​ ​ ​ ​ $ (776,820) ​ ​ ​ ​ ​ $ 684,450 ​ ​ ​ ​ ​ $ 148,922 ​ ​ ​ ​ ​ $ (119,239) ​ ​ ​ ​ ​ $ 31,559 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 745,693 ​ ​ ​
​ ​ 2021 ​ ​ ​ ​ $ (756,014) ​ ​ ​ ​ ​ $ 949,705 ​ ​ ​ ​ ​ $ 731,558 ​ ​ ​ ​ ​ $ 94,194 ​ ​ ​ ​ ​ $ 53,600 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 1,829,056 ​ ​ ​
​ ​ 2020 ​ ​ ​ ​ $ (656,264) ​ ​ ​ ​ ​ $ 602,272 ​ ​ ​ ​ ​ $ (350,870) ​ ​ ​ ​ ​ $ (46,019) ​ ​ ​ ​ ​ $ 96,832 ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ $ 302,216 ​ ​ ​
       
Tabular List, Table
Most Important Metrics Used for Linking Pay and Performance:
The list below shows the most important metrics used by the Committee to link CAP to Company performance.
​ ​
Operating Earnings*(1)
​ ​ ​
*We consider Operating Earnings to be the most important financial measure used to link pay with performance in 2024 because it (1) determines 100% and 80% of the annual cash incentive award payout for the PEO and other NEOs, respectively, (2) is highly correlated to EBT and ROC performance, which are used in the performance share/units program, and (3) is a key metric of focus for investors and therefore highly correlated to stock price performance.
​ ​
​ ​ Earnings Before Taxes (EBT) ​ ​
​ ​ Return on Capital (ROC) ​ ​
​ ​ Relative TSR ​ ​
​
(1)
Updated from EBIT to Operating Earnings in 2023.
       
Total Shareholder Return Amount $ 156.87 134.36 121.9 138.33 105.18
Peer Group Total Shareholder Return Amount 156.71 154.31 127.96 155.22 116.52
Net Income (Loss) $ 117 $ 239 $ 458 $ 405 $ 212
Company Selected Measure Amount 165 296 610 532 300
PEO Name Mark B. Rourke        
Operating Income (Loss) $ (6,400,000)        
Measure:: 1          
Pay vs Performance Disclosure          
Name Operating Earnings        
Non-GAAP Measure Description
(7)
Updated naming from EBIT to Operating Earnings for 2023; actual metric is the same. In 2024, our Compensation Committee approved, consistent with pre-approved guidelines, an adjustment to 1H Operating Earnings performance to exclude the negative effect of $6.4M in charges related to an immaterial out-of-period adjustment from 2023. In 2023, no adjustments were made to the Annual Incentive Plan’s Operating Earnings performance. The results are consistent with the Income from Operations provided in the Company’s financials. The adjustments made for 2020-2022 are as described in the corresponding proxy filings.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Earnings Before Taxes (EBT)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Return on Capital (ROC)        
Measure:: 5          
Pay vs Performance Disclosure          
Name Relative TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (7,826,878) $ (4,703,533) $ (4,404,255) $ (3,744,805) $ (2,900,009)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,698,577 898,869 4,475,418 8,250,393 1,461,315
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,860,029 1,569,705 3,879,453 4,678,511 2,661,424
PEO | 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 463,473 (1,204,169) 991,183 3,032,155 (1,323,076)
PEO | 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 (756,784) 453,389 (568,661) 307,725 (189,815)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | 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 131,860 79,945 173,443 232,002 312,782
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,269,123) (766,663) (776,820) (756,014) (656,264)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,601,264 (87,515) 745,693 1,829,056 302,216
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 1,598,622 206,114 684,450 949,705 602,272
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 63,164 (91,691) 148,922 731,558 (350,870)
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 (82,529) 65,954 (119,239) 94,194 (46,019)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (273,671)
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 $ 22,008 $ 5,779 $ 31,559 $ 53,600 $ 96,832
v3.25.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
The Committee does not take material nonpublic information into account when determining the timing and terms of equity awards and has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Award Timing Method
The Committee does not take material nonpublic information into account when determining the timing and terms of equity awards and has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Award Timing MNPI Considered false
Award Timing, How MNPI Considered
The Committee does not take material nonpublic information into account when determining the timing and terms of equity awards and has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
MNPI Disclosure Timed for Compensation Value 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