Definitive proxy statements

Pay vs Performance Disclosure

v3.24.0.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
The following table sets forth information concerning the compensation of our NEOs for each of the fiscal years ended December 31, 2023, 2022, 2021 and 2020, and our financial performance for each such fiscal year:

Value of Initial Fixed $100 Investment Based on:
Year Summary Compensation Table Total for PEO
($)(1)
Compensation Actually Paid to PEO
($)(2)
Average Summary Compensation Table Total for Non-PEO NEOs ($)(1) Average Compensation Actually Paid to Non-PEO NEOs ($)(2) Total Shareholder Return
($)(3)
Peer Group Total Shareholder Return
($)(4)
Net Income
($)(5)
Pre-Tax Profit
($)(6)
2023 6,743,889 9,226,265 3,163,663 4,851,471 207 194 434,957,000 586,257,000
2022 7,760,204 9,213,035 2,629,526 2,960,216 171 151 368,599,000 498,917,000
2021 8,393,601 6,163,785 2,220,844 905,146 158 159 356,565,000 482,485,000
2020 5,475,195 14,029,693 2,094,217 5,109,905 179 121 266,756,000 362,716,000
     
Company Selected Measure Name Pre-Tax Profit      
Named Executive Officers, Footnote The dollar amounts reported in these columns are (i) the amount of total compensation in the “Total” column of the "Summary Compensation Table" reported for (a) Jerry E. Gahlhoff for the year 2023 when he served as the Company’s Chief Executive Officer and (b) Gary W. Rollins for the years 2022, 2021, and 2020 when he served as the Company’s Chief Executive Officer, 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 Non-PEO NEOs
2023 Gary W. Rollins, Kenneth D. Krause, John F. Wilson and Elizabeth B. Chandler
2022 Jerry E. Gahlhoff, Jr., Kenneth D. Krause, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2021 Jerry E. Gahlhoff, Jr., P. Edward Northen, Julie K. Bimmerman, John F. Wilson and Elizabeth B. Chandler
2020 Jerry E. Gahlhoff, Jr., Randall R. Rollins, P. Edward Northen, John F. Wilson and Elizabeth B. Chandler
     
Peer Group Issuers, Footnote The amounts reported in this column represents the weighted Peer Group TSR (“Peer Group TSR”) for the fiscal years ended December 31, 2023, 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.      
PEO Total Compensation Amount $ 6,743,889 $ 7,760,204 $ 8,393,601 $ 5,475,195
PEO Actually Paid Compensation Amount $ 9,226,265 9,213,035 6,163,785 14,029,693
Adjustment To PEO Compensation, Footnote
2.The amounts reported in these columns represent the amount of “compensation actually paid” to (a) Jerry E. Gahlhoff for the year 2023 and (b) Gary W. Rollins for the years 2022, 2021, and 2020, 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 Jerry E. Gahlhoff or Gary W. 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 Jerry E. Gahlhoff or Gary W. Rollins’s total compensation, and to the average total compensation for the other NEOs as a group, for each year to determine the compensation actually paid:
2023 2022 2021 2020
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
Summary Compensation Table Total 6,743,889 3,163,663 7,760,204 2,629,526 8,393,601 2,220,844 5,475,195 2,094,217
Subtraction of Stock Awards

(3,918,025) (1,224,611) (3,564,000) (1,224,687) (4,458,000) (1,129,360) (2,846,575) (1,143,772)
Addition of Year-End Equity Value

5,735,845 1,792,816 4,384,800 1,426,419 4,105,200 834,724 4,541,888 1,004,490
Change in Fair Value of Stock Awards granted in Prior Year

562,771 1,042,907 827,616 147,338 (1,758,348) (283,712) 6,399,417 1,249,230
Addition of Fair Value Stock Awards that were granted and vested in the same FY
768,180
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

(11,764) (24,458) (399,921) (62,357) (321,024) (64,051) 308,943 1,096,205
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
(10,385) (7,801)
Application of dividends or other earnings paid during applicable FY prior to vesting date
113,549 101,155 204,336 43,977 202,356 34,767 161,210 49,157
Compensation Actually Paid
9,226,265 4,851,471 9,213,035 2,960,216 6,163,785 905,146 14,029,693 5,109,905
     
Non-PEO NEO Average Total Compensation Amount $ 3,163,663 2,629,526 2,220,844 2,094,217
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,851,471 2,960,216 905,146 5,109,905
Adjustment to Non-PEO NEO Compensation Footnote
2.The amounts reported in these columns represent the amount of “compensation actually paid” to (a) Jerry E. Gahlhoff for the year 2023 and (b) Gary W. Rollins for the years 2022, 2021, and 2020, 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 Jerry E. Gahlhoff or Gary W. 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 Jerry E. Gahlhoff or Gary W. Rollins’s total compensation, and to the average total compensation for the other NEOs as a group, for each year to determine the compensation actually paid:
2023 2022 2021 2020
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
PEO
($)
Average non-PEO NEOs
($)
Summary Compensation Table Total 6,743,889 3,163,663 7,760,204 2,629,526 8,393,601 2,220,844 5,475,195 2,094,217
Subtraction of Stock Awards

(3,918,025) (1,224,611) (3,564,000) (1,224,687) (4,458,000) (1,129,360) (2,846,575) (1,143,772)
Addition of Year-End Equity Value

5,735,845 1,792,816 4,384,800 1,426,419 4,105,200 834,724 4,541,888 1,004,490
Change in Fair Value of Stock Awards granted in Prior Year

562,771 1,042,907 827,616 147,338 (1,758,348) (283,712) 6,399,417 1,249,230
Addition of Fair Value Stock Awards that were granted and vested in the same FY
768,180
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

(11,764) (24,458) (399,921) (62,357) (321,024) (64,051) 308,943 1,096,205
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
(10,385) (7,801)
Application of dividends or other earnings paid during applicable FY prior to vesting date
113,549 101,155 204,336 43,977 202,356 34,767 161,210 49,157
Compensation Actually Paid
9,226,265 4,851,471 9,213,035 2,960,216 6,163,785 905,146 14,029,693 5,109,905
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid Versus Cumulative TSR.jpg
     
Compensation Actually Paid vs. Net Income
Compensation Actually Paid Versus Net Income.jpg
     
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid Versus PreTax Profit.jpg
     
Tabular List, Table
Revenue
Pre-Tax Profit
Stock Price
Adjusted EBITDA
     
Total Shareholder Return Amount $ 207 171 158 179
Peer Group Total Shareholder Return Amount 194 151 159 121
Net Income (Loss) $ 434,957,000 $ 368,599,000 $ 356,565,000 $ 266,756,000
Company Selected Measure Amount 586,257,000 498,917,000 482,485,000 362,716,000
Additional 402(v) Disclosure The amounts reported in this column represents the Company’s total cumulative Total Shareholder Return (“TSR”) for the fiscal years ended December 31, 2023, 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.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, 2023, 2022, 2021 and 2020.      
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Pre-Tax Profit      
Non-GAAP Measure Description 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, 2023, 2022, 2021 and 2020.      
Measure:: 3        
Pay vs Performance Disclosure        
Name Stock Price      
Measure:: 4        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
PEO | Equity Awards Value In Compensation Table For The Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (3,918,025) $ (3,564,000) $ (4,458,000) $ (2,846,575)
PEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,735,845 4,384,800 4,105,200 4,541,888
PEO | Equity Awards Granted During the Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 562,771 827,616 (1,758,348) 6,399,417
PEO | Equity Awards Outstanding and Unvested as of Applicable FY End, determined based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (11,764) (399,921) (321,024) 308,943
PEO | Equity Awards Granted in Prior Years, Forfeited [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Dividends or Other Earnings Paid during Prior Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 (10,385)
PEO | Options Modified During the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 113,549 204,336 202,356 161,210
Non-PEO NEO | Equity Awards Value In Compensation Table For The Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,224,611) (1,224,687) (1,129,360) (1,143,772)
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,792,816 1,426,419 834,724 1,004,490
Non-PEO NEO | Equity Awards Granted During the Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,042,907 147,338 (283,712) 1,249,230
Non-PEO NEO | Equity Awards Outstanding and Unvested as of Applicable FY End, determined based on Change in ASC 718 Fair Value from Prior FY End to Applicable FY End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 768,180
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (24,458) (62,357) (64,051) 1,096,205
Non-PEO NEO | Equity Awards Granted in Prior Years, Forfeited [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 (708,066) 0
Non-PEO NEO | Change in Dividends or Other Earnings Paid during Prior Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 (7,801)
Non-PEO NEO | Options Modified During the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 101,155 $ 43,977 $ 34,767 $ 49,157