Verra Mobility Files DEF 14A with Executive Compensation Details

Ticker: VRRM · Form: DEF 14A · Filed: Apr 8, 2024 · CIK: 1682745

Verra Mobility Corp DEF 14A Filing Summary
FieldDetail
CompanyVerra Mobility Corp (VRRM)
Form TypeDEF 14A
Filed DateApr 8, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$817.3M, $57.0M, $371.5M
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Verra Mobility, Executive Compensation, Corporate Governance, Equity Awards

TL;DR

<b>Verra Mobility Corp. has filed its DEF 14A, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2023.</b>

AI Summary

VERRA MOBILITY Corp (VRRM) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. Verra Mobility Corp. filed a DEF 14A form on April 8, 2024. The filing pertains to the fiscal year ending December 31, 2023. Key executive compensation components are detailed, including adjustments to fair value of equity awards. The company's principal executive offices are located at 1150 N. Alma School Road, Mesa, AZ 85201. David Roberts is listed as a member of the board, with compensation details provided for various periods.

Why It Matters

For investors and stakeholders tracking VERRA MOBILITY Corp, this filing contains several important signals. This filing provides crucial insights into how Verra Mobility compensates its top executives, which can influence investor perception of management alignment and company strategy. Understanding the executive compensation structure, particularly equity award adjustments, is important for assessing potential dilution and the long-term incentives of leadership.

Risk Assessment

Risk Level: low — VERRA MOBILITY Corp shows low risk based on this filing. The filing is a routine DEF 14A, primarily disclosing executive compensation and governance, which carries inherent low risk as it's standard disclosure practice.

Analyst Insight

Review the detailed executive compensation breakdown to understand pay-for-performance alignment and potential equity dilution.

Executive Compensation

NameTitleTotal Compensation
David RobertsMember

Key Numbers

  • 2024-04-08 — Filing Date (20240408)
  • 2024-05-21 — Period of Report (20240521)
  • 1231 — Fiscal Year End (1231)
  • 480.443.7000 — Business Phone (480.443.7000)

Key Players & Entities

  • VERRA MOBILITY Corp (company) — FILER
  • David Roberts (person) — Member
  • 1150 N. ALMA SCHOOL ROAD (company) — BUSINESS ADDRESS STREET 1
  • MESA (company) — BUSINESS ADDRESS CITY
  • AZ (company) — BUSINESS ADDRESS STATE
  • 85201 (company) — BUSINESS ADDRESS ZIP
  • Gores Holdings II, Inc. (company) — FORMER COMPANY

FAQ

When did VERRA MOBILITY Corp file this DEF 14A?

VERRA MOBILITY Corp filed this Proxy Statement (DEF 14A) with the SEC on April 8, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by VERRA MOBILITY Corp (VRRM).

Where can I read the original DEF 14A filing from VERRA MOBILITY Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by VERRA MOBILITY Corp.

What are the key takeaways from VERRA MOBILITY Corp's DEF 14A?

VERRA MOBILITY Corp filed this DEF 14A on April 8, 2024. Key takeaways: Verra Mobility Corp. filed a DEF 14A form on April 8, 2024.. The filing pertains to the fiscal year ending December 31, 2023.. Key executive compensation components are detailed, including adjustments to fair value of equity awards..

Is VERRA MOBILITY Corp a risky investment based on this filing?

Based on this DEF 14A, VERRA MOBILITY Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, primarily disclosing executive compensation and governance, which carries inherent low risk as it's standard disclosure practice.

What should investors do after reading VERRA MOBILITY Corp's DEF 14A?

Review the detailed executive compensation breakdown to understand pay-for-performance alignment and potential equity dilution. The overall sentiment from this filing is neutral.

How does VERRA MOBILITY Corp compare to its industry peers?

Verra Mobility operates in the transportation services sector, providing technology solutions for tolling and parking.

Are there regulatory concerns for VERRA MOBILITY Corp?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for companies soliciting proxies from shareholders.

Industry Context

Verra Mobility operates in the transportation services sector, providing technology solutions for tolling and parking.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for companies soliciting proxies from shareholders.

What Investors Should Do

  1. Analyze the compensation structure for named executive officers.
  2. Review the details of equity awards and their valuation adjustments.
  3. Examine any proposals presented to shareholders for voting.

Key Dates

  • 2024-04-08: Filing Date — Submission of DEF 14A
  • 2024-05-21: Period of Report — Covers the reporting period for the filing

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for executive compensation and annual meeting matters, not a direct comparison to a prior period's financial performance filing.

Filing Stats: 4,442 words · 18 min read · ~15 pages · Grade level 17.5 · Accepted 2024-04-08 17:16:42

Key Financial Figures

  • $817.3M — llenges. 2023 FINANCIAL PERFORMANCE $817.3M Revenue $57.0M Net Income $371.
  • $57.0M — NCIAL PERFORMANCE $817.3M Revenue $57.0M Net Income $371.5M Adjusted EBITD
  • $371.5M — 17.3M Revenue $57.0M Net Income $371.5M Adjusted EBITDA BUSINESS SEGMENTS

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 19 Executive Officers 21

Executive Compensation

Executive Compensation 24 Equity Compensation Plan Information 52 Transactions With Related Persons 53 Section 16(a) Beneficial Ownership Reporting Compliance 54 Questions and Answers About These Proxy Materials, Voting and the Annual Meeting 55 Other Matters 63 The Verra Mobility Corporation 2024 annual meeting of stockholders (the " Annual Meeting ") will take place on Tuesday, May 21, 2024 at 9:00 a.m. Pacific Time and will be completely virtual. You are invited to attend if you are a holder of our Class A Common Stock (our " Class A Common Stock ") as of the close of business on March 28, 2024, the record date for the Annual Meeting (the " Record Date "), or hold a valid proxy. If you are a holder of our Class A Common Stock as of the Record Date, you are requested to vote on the proposals described in this Proxy Statement (this " Proxy Statement "). You should read this entire Proxy Statement carefully before casting your vote. Information contained on, or that can be accessed through, our website is not intended to be incorporated by reference into this Proxy Statement, and references to our website addressed in this Proxy Statement are inactive textual references only. The use of the terms "Verra Mobility," "we," "us," "our," or "Company," in this Proxy Statement refers to Verra Mobility Corporation and, where appropriate, its subsidiaries.

Forward-Looking Statements

Forward-Looking Statements The discussion in this Proxy Statement contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements include, but are not limited to, statements concerning our future operating results and financial position, growth opportunities and trends in the markets in which we operate, and management's plans and objectives. The words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," and "will," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on them. Actual events or results could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission (the " SEC ") from time to time. All information provided in this Proxy Statement is as of the date of this Proxy Statement and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this Proxy Statement, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. Board of Directors and Corporate Governance Board of Directors and Corporate Governance Corporate Governance We believe that sound corporate governance helps ensure that Verra Mobility is managed for the sho

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