Comfort Systems USA Inc. DEF 14A: Executive Compensation Details

Ticker: FIX · Form: DEF 14A · Filed: Apr 8, 2024 · CIK: 1035983

Sentiment: neutral

Topics: def-14a, executive-compensation, equity-awards

TL;DR

CSGS DEF 14A out: exec comp & stock awards for 2020-2023 detailed.

AI Summary

Comfort Systems USA Inc. filed its DEF 14A on April 8, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and equity awards for the years 2020 through 2023. Key information includes reported values of stock awards and adjustments to equity awards for named executive officers.

Why It Matters

This filing provides shareholders with crucial information about how executive compensation is structured and awarded, impacting corporate governance and investor confidence.

Risk Assessment

Risk Level: medium — DEF 14A filings can reveal significant details about executive compensation and potential shareholder concerns, which may influence stock performance.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide shareholders with detailed information regarding the company's annual meeting, including executive compensation, director nominations, and other corporate governance matters.

What specific compensation data is highlighted for Comfort Systems USA Inc. in this filing?

The filing highlights data related to executive compensation, specifically focusing on reported values of stock awards and adjustments to equity awards for the fiscal years 2020 through 2023.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on April 8, 2024.

What is the company's fiscal year end?

The company's fiscal year end is December 31.

What industry does Comfort Systems USA Inc. operate in?

Comfort Systems USA Inc. operates in the Electrical Work industry, with SIC code 1731.

Filing Stats: 4,532 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-04-08 16:17:02

Filing Documents

SECURITY OWNERSHIP OF CERTAIN

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 30 COMPENSATION DISCUSSION AND ANALYSIS 32 Overview 32 2023 Performance Highlights 33 Compensation and Governance Practices 33 Consideration of Stockholder Advisory Vote 34 Compensation Philosophy and Objectives 34 Use of Tally Sheets 36 Chief Executive Officer Compensation 36 Elements of Compensation 37 Allocation Among Compensation Elements 38 Change in Control and Severance Benefits 47 Stock Ownership Requirements 47

Executive Compensation Recovery, or "Clawback," Policy

Executive Compensation Recovery, or "Clawback," Policy 47 Anti-Hedging/Pledging Policy 48 Risk Considerations in our Compensation Policies 48 Impact of Accounting and Tax Treatment on Compensation 48 COMPENSATION AND HUMAN CAPITAL COMMITTEE REPORT 49 SUMMARY OF EXECUTIVE COMPENSATION 50 Summary Compensation Table 50 GRANTS OF PLAN-BASED AWARDS 52 EQUITY AWARDS 53 OUTSTANDING EQUITY AWARDS AT YEAR-END 54 OPTION EXERCISES AND STOCK VESTED 56 PENSION BENEFITS 56 NONQUALIFIED DEFERRED COMPENSATION 56 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 57 Summary of Potential Payments 58 EQUITY COMPENSATION PLAN INFORMATION 60 RATIO OF CHIEF EXECUTIVE OFFICER COMPENSATION TO MEDIAN COMPANY EMPLOYEE COMPENSATION 61 PAY VS. PERFORMANCE 62 Pay vs. Performance Table 62 Company-selected Measures 65 Analysis of the Information Presented in the Pay vs. Performance Table 65 REPORT OF THE AUDIT COMMITTEE 68 OTHER INFORMATION 69 Compensation and Human Capital Committee Interlocks and Insider Participation 69 Delinquent Section 16(a) Reports 69 Householding of Stockholder Materials 69 Certain Relationships and Related Transactions 69 Interest of Certain Persons in Matters to Be Acted Upon 70 Stockholder Proposals for 2025 Annual Meeting 70 Other Business 70 Form 10-K and Annual Report to Stockholders 70 Back to Contents Proxy Summary 2024 Annual Meeting of Stockholders TIME AND DATE LOCATION RECORD DATE Friday, May 17, 2024 11:00 a.m. Central Time The Houstonian 111 North Post Oak Lane Houston, Texas 77024 Stockholders of record at the close of business on March 18, 2024 are entitled to notice of, and to vote at, the Annual Meeting Voting Matters and our Board's Recommendations Proposal Board's Recommendation See Page 1 Election of the ten director nominees for a one-year term FOR each director nominee 14 2 Ratification of the appointment of Deloitte

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