Pay vs Performance Disclosure
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3 Months Ended |
4 Months Ended |
8 Months Ended |
12 Months Ended |
Jul. 16, 2023 |
Apr. 01, 2023 |
Mar. 30, 2024 |
Dec. 01, 2022 |
Mar. 29, 2025
USD ($)
Percentile
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Mar. 30, 2024
USD ($)
Percentile
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Apr. 01, 2023
USD ($)
Percentile
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Apr. 02, 2022
USD ($)
Percentile
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Apr. 03, 2021
USD ($)
Percentile
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| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
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As required by Section953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between “compensation actually paid” to our NEOs and certain financial performance of ֱ. Compensation actually paid, as determined under SEC requirements, does not necessarily reflect the actual amount of compensation earned by or paid to our NEOs. The Committee evaluates compensation decisions in light of ֱ or individual performance and does not use “compensation actually paid” as a basis for making compensation decisions. For information concerning our compensation philosophy and how we align executive compensation with our performance, see the CD&A above.
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ValueofInitialFixed
$100
InvestmentBasedon |
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Summary
Compensation
Table (SCT)
Total for
Mr.Darrell |
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Compensation
Actually Paid
(CAP) to
Mr.Darrell |
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Summary
Compensation
Table(SCT)
Totalfor |
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Compensation
Actually Paid
(CAP) to
Mr.Dorer |
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Summary
Compensation
Table (SCT)
Total for |
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Compensation Actually Paid (CAP) to Mr.Rendle ($) (2)
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S&P 1500 Apparel, Accessories & Luxury Goods Subindustry Index TSR ($) (6)
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2025 |
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$10,729,899 |
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$11,786,745 |
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N/A |
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N/A |
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N/A |
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N/A |
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$ |
3,585,721 |
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$3,896,671 |
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$32.17 |
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$110.02 |
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$(189.72 |
) |
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69th Ċ percentile Ċ
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2024 |
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13,535,399 |
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9,552,700 |
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1,971,941 |
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1,155,850 |
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N/A |
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N/A |
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4,630,927 |
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3,345,820 |
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30.81 |
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128.20 |
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(968.88 |
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2nd Ċ percentile Ċ
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2023 |
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N/A |
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N/A |
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3,037,566 |
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2,725,023 |
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$ |
11,485,534 |
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$ |
(9,632,882 |
) |
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4,588,662 |
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428,117 |
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44.13 |
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131.21 |
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118.59 |
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0th Ċ percentile Ċ
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2022 |
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N/A |
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N//A |
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N/A |
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N/A |
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15,423,153 |
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3,060,425 |
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5,284,304 |
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988,855 |
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103.36 |
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166.43 |
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1,386.94 |
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12th Ċ percentile Ċ
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2021 |
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N/A |
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N//A |
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N/A |
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N/A |
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15,782,405 |
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24,664,101 |
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4,244,022 |
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6,511,273 |
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141.12 |
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197.11 |
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407.9 |
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5th Ċ percentile Ċ
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| (1) |
The dollar amounts in these columns show the amount of total compensation reported for Messrs. Darrell, Dorer and Rendle in the “Total” column of the Summary Compensation Table in each applicable year. Mr. Darrell was appointed our President and Chief Executive Officer effective July17, 2023. Mr. Dorer served as our Interim President and Chief Executive Officer from December2, 2022 to July16, 2023. Mr. Rendle retired as our Chair, President and Chief Executive Officer effective December2, 2022. |
| (2) |
The dollar amounts reported in these columns represent the amount of “compensation actually paid” to Messrs. Darrell, Dorer and Rendle, as computed in accordance with Item 402(v) of Regulation S-K (“CAP”) in each applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Messrs. Darrell, Dorer and Rendle’s total compensation for each applicable year to determine their respective CAP: |
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PEO |
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Mr.Darrell |
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SCT Total compensation ($) |
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10,729,899 |
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Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) |
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(6,725,003 |
) |
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Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($) |
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9,256,279 |
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Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($) |
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(1,410,006 |
) |
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Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) |
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(64,424 |
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Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($) |
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0 |
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Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) |
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0 |
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Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($) |
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0 |
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Compensation Actually Paid ($) |
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11,786,745 |
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| (3) |
The dollar amounts in this column represent the average of the amounts of total compensation reported for our NEOs as a group (excluding, as applicable, Messrs.Darrell, Dorer, and Rendle) in the “Total” column of the Summary Compensation Table in each applicable year. NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i)for fiscal 2025, Messrs. Vogel, Scabbia Guerrini, Hyder, and Puckett and Ms.Sim; (ii)for fiscal 2024, Messrs. Puckett, Bailey, Scabbia Guerrini, and Hyder and Ms.Otto; (iii)for fiscal 2023, Messrs. Puckett, Bailey and Scabbia Guerrini and Ms.Otto; (iv)for fiscal 2022, Messrs. Puckett, Bailey, Scabbia Guerrini, Murray who served as our Global Brand President, The North Face until May 2022 and Roe who served as our Executive Vice President and Chief Financial Officer until May 2021; and (v)for fiscal 2021, Messrs. Roe, Bailey, Scabbia Guerrini and Murray. |
| (4) |
The dollar amounts reported in this column represent the average amount of CAP to the NEOs as a group (excluding, as applicable, Messrs. Darrell, Dorer and Rendle) in each applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The following adjustments were made to the average total compensation of the NEOs as a group (other than the PEO) for fiscal 2025 to determine the average amount of CAP to the NEOs (excluding, as applicable, Messrs. Darrell, Dorer and Rendle) in fiscal 2025: |
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SeeNote3 |
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SCT Total compensation ($) |
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3,585,721 |
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Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) |
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(1,971,037 |
) |
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Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($) |
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2,409,183 |
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Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($) |
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(92,540 |
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Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) |
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(19,241 |
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Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year($) |
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(10,015 |
) |
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Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) |
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(37,031 |
) |
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Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($) |
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31,631 |
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Compensation Actually Paid ($) |
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3,896,671 |
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| (5) |
For the relevant year, represents the cumulative TSR of ֱ for the 52-week measurement periods ended on March29, 2025, March30, 2024, April1, 2023 and April2, 2022, and the 53-week measurement period ended on April3, 2021. |
| (6) |
For the relevant year, represents the cumulative TSR of the S&P 1500 Apparel, Accessories& Luxury Goods Subindustry Index companies (“Peer Group TSR”) for the 52-week measurement periods ended on March29, 2025, March30, 2024, April1, 2023 and April2, 2022, and the 53-week measurement period ended on April3, 2021. |
| (7) |
Reflects “Net Income” in our Consolidated Income Statements included in ֱ’s Annual Reports on Form 10-K for each of the years ended March29, 2025, March30, 2024, April1, 2023, April2, 2022 and April3, 2021. |
| (8) |
Company-selected Measure is our
one-year TSR relative to the TSR of the applicable S&P Index (the S&P 600 Consumer Discretionary Index for fiscal 2025 and the S&P 500 Consumer Discretionary Index for all other fiscal years) over the same period (※Ա- ճ”). One-year rTSR represents the most important financial measure (as determined by the Company) used to link CAP to our NEOs to Company performance for the most recently completed fiscal year. |
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| Company Selected Measure Name |
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one-year TSR
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| Named Executive Officers, Footnote |
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| (3) |
The dollar amounts in this column represent the average of the amounts of total compensation reported for our NEOs as a group (excluding, as applicable, Messrs.Darrell, Dorer, and Rendle) in the “Total” column of the Summary Compensation Table in each applicable year. NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i)for fiscal 2025, Messrs. Vogel, Scabbia Guerrini, Hyder, and Puckett and Ms.Sim; (ii)for fiscal 2024, Messrs. Puckett, Bailey, Scabbia Guerrini, and Hyder and Ms.Otto; (iii)for fiscal 2023, Messrs. Puckett, Bailey and Scabbia Guerrini and Ms.Otto; (iv)for fiscal 2022, Messrs. Puckett, Bailey, Scabbia Guerrini, Murray who served as our Global Brand President, The North Face until May 2022 and Roe who served as our Executive Vice President and Chief Financial Officer until May 2021; and (v)for fiscal 2021, Messrs. Roe, Bailey, Scabbia Guerrini and Murray. |
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| Peer Group Issuers, Footnote |
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| (6) |
For the relevant year, represents the cumulative TSR of the S&P 1500 Apparel, Accessories& Luxury Goods Subindustry Index companies (“Peer Group TSR”) for the 52-week measurement periods ended on March29, 2025, March30, 2024, April1, 2023 and April2, 2022, and the 53-week measurement period ended on April3, 2021. |
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| PEO Total Compensation Amount |
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$ 10,729,899
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| PEO Actually Paid Compensation Amount |
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$ 11,786,745
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| Adjustment To PEO Compensation, Footnote |
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| (2) |
The dollar amounts reported in these columns represent the amount of “compensation actually paid” to Messrs. Darrell, Dorer and Rendle, as computed in accordance with Item 402(v) of Regulation S-K (“CAP”) in each applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Messrs. Darrell, Dorer and Rendle’s total compensation for each applicable year to determine their respective CAP: |
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PEO |
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Mr.Darrell |
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SCT Total compensation ($) |
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10,729,899 |
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Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) |
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(6,725,003 |
) |
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Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($) |
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9,256,279 |
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Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($) |
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(1,410,006 |
) |
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Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) |
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(64,424 |
) |
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Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($) |
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0 |
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Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) |
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0 |
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Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($) |
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0 |
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Compensation Actually Paid ($) |
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11,786,745 |
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| Non-PEO NEO Average Total Compensation Amount |
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$ 3,585,721
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$ 4,630,927
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$ 4,588,662
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$ 5,284,304
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$ 4,244,022
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| Non-PEO NEO Average Compensation Actually Paid Amount |
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$ 3,896,671
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3,345,820
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428,117
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988,855
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6,511,273
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| Adjustment to Non-PEO NEO Compensation Footnote |
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| (4) |
The dollar amounts reported in this column represent the average amount of CAP to the NEOs as a group (excluding, as applicable, Messrs. Darrell, Dorer and Rendle) in each applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The following adjustments were made to the average total compensation of the NEOs as a group (other than the PEO) for fiscal 2025 to determine the average amount of CAP to the NEOs (excluding, as applicable, Messrs. Darrell, Dorer and Rendle) in fiscal 2025: |
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SeeNote3 |
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SCT Total compensation ($) |
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3,585,721 |
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Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) |
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(1,971,037 |
) |
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Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($) |
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2,409,183 |
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Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($) |
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(92,540 |
) |
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Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($) |
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(19,241 |
) |
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Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year($) |
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(10,015 |
) |
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Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) |
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(37,031 |
) |
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Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($) |
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31,631 |
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Compensation Actually Paid ($) |
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3,896,671 |
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| Compensation Actually Paid vs. Total Shareholder Return |
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| Compensation Actually Paid vs. Net Income |
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| Compensation Actually Paid vs. Company Selected Measure |
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| Total Shareholder Return Vs Peer Group |
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| Tabular List, Table |
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List of Financial Performance Measures Used to Link CAP for the Most Recently Completed Fiscal Year to Company Performance The financial performance metrics that, in our assessment, represent the most important financial performance measures we use to link CAP to our NEOs for fiscal 2025 to ֱ’s performance are as follows:
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| Total Shareholder Return Amount |
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$ 32.17
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30.81
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44.13
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103.36
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141.12
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| Peer Group Total Shareholder Return Amount |
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110.02
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128.2
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131.21
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166.43
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197.11
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| Net Income (Loss) |
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$ (189,720,000)
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$ (968,880,000)
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$ 118,590,000
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$ 1,386,940,000
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$ 407,900,000
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| Company Selected Measure Amount | Percentile |
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69
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2
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0
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12
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5
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| Measure:: 1 |
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| Pay vs Performance Disclosure |
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| Name |
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One-year rTSR
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| Measure:: 2 |
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| Pay vs Performance Disclosure |
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| Name |
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Revenue
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| Measure:: 3 |
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| Pay vs Performance Disclosure |
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| Name |
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Operating Income
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| Mr. Darrell [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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$ 10,729,899
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$ 13,535,399
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| PEO Actually Paid Compensation Amount |
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$ 11,786,745
|
9,552,700
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| PEO Name |
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Mr. Darrell
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Mr. Darrell
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| Mr. Dorer [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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1,971,941
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$ 3,037,566
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| PEO Actually Paid Compensation Amount |
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$ 1,155,850
|
2,725,023
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| PEO Name |
Mr. Dorer
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Mr. Dorer
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| Mr. Rendle [Member] |
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| Pay vs Performance Disclosure |
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| PEO Total Compensation Amount |
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11,485,534
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$ 15,423,153
|
$ 15,782,405
|
| PEO Actually Paid Compensation Amount |
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$ (9,632,882)
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$ 3,060,425
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$ 24,664,101
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| PEO Name |
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Mr. Rendle
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Mr. Rendle
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Mr. Rendle
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| PEO | Pension Adjustments Service Cost |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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$ 0
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| PEO | Pension Adjustments Prior Service Cost |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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0
|
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| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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9,256,279
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| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
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(1,410,006)
|
|
|
|
|
| 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 |
|
|
|
|
(64,424)
|
|
|
|
|
| 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 |
|
|
|
|
0
|
|
|
|
|
| PEO | Stock and Option Award Values [Member] |
|
|
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
(6,725,003)
|
|
|
|
|
| Non-PEO NEO | Pension Adjustments Service Cost |
|
|
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
(37,031)
|
|
|
|
|
| Non-PEO NEO | Pension Adjustments Prior Service Cost |
|
|
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
31,631
|
|
|
|
|
| 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 |
|
|
|
|
2,409,183
|
|
|
|
|
| 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 |
|
|
|
|
(92,540)
|
|
|
|
|
| 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 |
|
|
|
|
(19,241)
|
|
|
|
|
| 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 |
|
|
|
|
(10,015)
|
|
|
|
|
| Non-PEO NEO | Stock and Option Award Values [Member] |
|
|
|
|
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
|
|
|
$ (1,971,037)
|
|
|
|
|
