Rollins, Inc. Definitive proxy statements

Definitive proxy statements

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Average

Value of Initial Fixed $100

Summary

Average

Investment Based On:

Summary

Compensation

Peer Group

Compensation

Table Total for

Actually Paid

Total

Total Pre-Tax

Table Total for

Actually Paid

Non-PEO

to Non-PEO

Shareholder

Net Income

Profit

PEO⁽¹⁾

to PEO⁽²⁾

NEOs⁽¹⁾

NEOs⁽²⁾

Return⁽³⁾

Return⁽⁴⁾

(thousands)⁽⁵⁾

(thousands)⁽⁶⁾

Year

($)

2022

7,760,204

9,213,035

2,629,526

2,960,216

187.47

212.33

368.599

498,917

2021

8,393,601

6,163,785

2,220,844

905,146

173.43

224.30

356.565

482,485

2020

5,475,195

14,029,693

1,791,259

3,926,358

195.81

170.39

266.756

362,716

(1) The dollar amounts reported in these columns are (i) the amounts of total compensation reported for Mr. Rollins for each corresponding year he served as the Company’s Chief Executive Officer in the “Total” column of the Summary Compensation Table,” and (ii) the average of the amounts reported for the Company’s remaining NEOs as a group in the “Total” column of the Summary Compensation Table in each applicable year. The names of the remaining NEOs included for purposes of calculating the average amounts in each applicable year are as follows:


Year	All Other NEOs
2022	Jerry E. Gahlhoff, Jr., Kenneth D. Krause, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2021	Jerry E. Gahlhoff, Jr., Eddie P. Northen, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2020	Jerry E. Gahlhoff, Jr., Eddie P. Northen, John F. Wilson and Elizabeth B. Chandler

(2) The amounts reported in these columns represent the amount of “compensation actually paid” to Mr. Rollins, and on average, to all other NEOs as a group, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Rollins or to the other NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Rollins’ total compensation, and to the average total compensation for the other NEOs as a group, for each year to determine the compensation actually paid:


	2022		2021		2020
		Average		Average		Average
	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEOs
	($)	($)	($)	($)	($)	($)
Summary Compensation Table Total	7,760,204	2,629,526	8,393,601	2,220,844	5,475,195	1,791,259
Subtraction of Stock Awards	(3,564,000)	(1,224,687)	(4,458,000)	(1,129,360)	(2,846,575)	(786,940)
Addition of Year-End Equity Value	4,384,800	1,426,419	4,105,200	834,724	4,541,888	1,255,612
Change in Fair Value of Stock Awards granted in Prior Year	827,616	147,338	(1,758,348)	(283,712)	6,399,417	1,560,923
Addition of Fair Value of Stock Awards that were granted and vested in the same FY^(a)	-	-	-	-	-	-
Change in Fair Value of Stock Awards granted during any prior FY that met the vesting conditions as of the end of the applicable FY	(399,921)	(62,357)	(321,024)	(64,051)	308,943	74,124
Subtraction of Stock Awards that failed to meet the vesting conditions	-	-	-	(708,066)	-	-
Subtraction of Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Defined Benefit and Pension Plans	-	-	-	-	(10,385)	(9,177)
Addition of dividends or other earnings paid during applicable FY prior to vesting date	204,336	43,977	202,356	34,767	161,210	40,557
Compensation Actually Paid ($)	9,213,035	2,960,216	6,163,785	905,146	14,029,693	3,926,358

(a) No stock awards that were granted to the PEO or any other NEO during the fiscal years ended on December 31, 2022, 2021 or 2020, vested in the same fiscal year.

(3) The amounts reported in this column represents the Company’s total cumulative Total Shareholder Return (“TSR”) for the fiscal years ended December 31, 2022, 2021 and 2020. The Company’s total cumulative TSR is the total shareholder return calculated as the profit or loss from net share price change, over a given period, including reinvestment of dividends.

(4) The amounts reported in this column represents the weighted Peer Group TSR (“Peer Group TSR”) for the fiscal years ended December 31, 2022, 2021 and 2020. The Peer Group TSR is weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P 500 Commercial Services & Supplies Index.

(5) The amounts reported in this column represent the amount of net income reflected in the Company’s audited financial statements for the fiscal years ended December 31, 2022, 2021 and 2020.

(6) Pre-Tax Profit, which is calculated as consolidated income before taxes, represents the most important financial measure used by the Company to link compensation actually paid to its named executive officers for the fiscal years ended December 31, 2022, 2021 and 2020.

Company Selected Measure Name

Pre-Tax Profit

Named Executive Officers, Footnote [Text Block]


Year	All Other NEOs
2022	Jerry E. Gahlhoff, Jr., Kenneth D. Krause, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2021	Jerry E. Gahlhoff, Jr., Eddie P. Northen, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2020	Jerry E. Gahlhoff, Jr., Eddie P. Northen, John F. Wilson and Elizabeth B. Chandler

Peer Group Issuers, Footnote [Text Block]

PEO Total Compensation Amount

$ 7,760,204

$ 8,393,601

$ 5,475,195

PEO Actually Paid Compensation Amount

$ 9,213,035

6,163,785

14,029,693

Adjustment To PEO Compensation, Footnote [Text Block]


	2022		2021		2020
		Average		Average		Average
	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEOs
	($)	($)	($)	($)	($)	($)
Summary Compensation Table Total	7,760,204	2,629,526	8,393,601	2,220,844	5,475,195	1,791,259
Subtraction of Stock Awards	(3,564,000)	(1,224,687)	(4,458,000)	(1,129,360)	(2,846,575)	(786,940)
Addition of Year-End Equity Value	4,384,800	1,426,419	4,105,200	834,724	4,541,888	1,255,612
Change in Fair Value of Stock Awards granted in Prior Year	827,616	147,338	(1,758,348)	(283,712)	6,399,417	1,560,923
Addition of Fair Value of Stock Awards that were granted and vested in the same FY^(a)	-	-	-	-	-	-
Change in Fair Value of Stock Awards granted during any prior FY that met the vesting conditions as of the end of the applicable FY	(399,921)	(62,357)	(321,024)	(64,051)	308,943	74,124
Subtraction of Stock Awards that failed to meet the vesting conditions	-	-	-	(708,066)	-	-
Subtraction of Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Defined Benefit and Pension Plans	-	-	-	-	(10,385)	(9,177)
Addition of dividends or other earnings paid during applicable FY prior to vesting date	204,336	43,977	202,356	34,767	161,210	40,557
Compensation Actually Paid ($)	9,213,035	2,960,216	6,163,785	905,146	14,029,693	3,926,358

(a) No stock awards that were granted to the PEO or any other NEO during the fiscal years ended on December 31, 2022, 2021 or 2020, vested in the same fiscal year.

Non-PEO NEO Average Total Compensation Amount

$ 2,629,526

2,220,844

1,791,259

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,960,216

905,146

3,926,358

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


	2022		2021		2020
		Average		Average		Average
	PEO	Other NEOs	PEO	Other NEOs	PEO	Other NEOs
	($)	($)	($)	($)	($)	($)
Summary Compensation Table Total	7,760,204	2,629,526	8,393,601	2,220,844	5,475,195	1,791,259
Subtraction of Stock Awards	(3,564,000)	(1,224,687)	(4,458,000)	(1,129,360)	(2,846,575)	(786,940)
Addition of Year-End Equity Value	4,384,800	1,426,419	4,105,200	834,724	4,541,888	1,255,612
Change in Fair Value of Stock Awards granted in Prior Year	827,616	147,338	(1,758,348)	(283,712)	6,399,417	1,560,923
Addition of Fair Value of Stock Awards that were granted and vested in the same FY^(a)	-	-	-	-	-	-
Change in Fair Value of Stock Awards granted during any prior FY that met the vesting conditions as of the end of the applicable FY	(399,921)	(62,357)	(321,024)	(64,051)	308,943	74,124
Subtraction of Stock Awards that failed to meet the vesting conditions	-	-	-	(708,066)	-	-
Subtraction of Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Defined Benefit and Pension Plans	-	-	-	-	(10,385)	(9,177)
Addition of dividends or other earnings paid during applicable FY prior to vesting date	204,336	43,977	202,356	34,767	161,210	40,557
Compensation Actually Paid ($)	9,213,035	2,960,216	6,163,785	905,146	14,029,693	3,926,358

(a) No stock awards that were granted to the PEO or any other NEO during the fiscal years ended on December 31, 2022, 2021 or 2020, vested in the same fiscal year.

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Company and Peer Group Total Shareholder Return

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Compensation Actually Paid vs. Pre-Tax Profit

Total Shareholder Return Vs Peer Group [Text Block]

Compensation Actually Paid vs. Company and Peer Group Total Shareholder Return

Tabular List [Table Text Block]

Financial Performance Measures

The following table lists (in no specific order) the most important financial performance measures used by the Company to link compensation actually paid to our NEOs in 2022 to the performance of the Company:

Revenue

Pre-Tax Profit

Stock Price

Total Shareholder Return Amount

$ 187.47

173.43

195.81

Peer Group Total Shareholder Return Amount

212.33

224.30

170.39

Net Income (Loss)