Pay Versus Performance
In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive Compensation Actually Paid (“CAP”) (as calculated in accordance with SEC rules) and certain Company performance for the fiscal years listed below. See “Executive Compensation” in this Proxy Statement for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.
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Year-end value of $100 |
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Year |
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Summary |
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Compensation |
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Average |
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Average |
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MGRC |
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S&P 500 |
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Net Income |
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Pre-Tax |
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2025 |
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6,519,633 |
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5,887,088 |
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1,943,778 |
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1,783,143 |
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172.37 |
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189.72 |
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156.3 |
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213.1 |
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2024 |
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5,477,843 |
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4,483,538 |
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1,449,500 |
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1,303,477 |
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180.65 |
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158.87 |
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231.7 |
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313.6 |
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2023 |
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4,771,958 |
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8,501,657 |
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1,249,999 |
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1,755,679 |
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189.99 |
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135.24 |
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174.6 |
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151.2 |
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2022 |
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3,121,167 |
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4,871,184 |
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1,029,825 |
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1,480,971 |
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153.87 |
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114.48 |
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115.1 |
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150.0 |
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2021 |
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3,261,680 |
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4,386,308 |
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969,855 |
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1,277,750 |
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122.32 |
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121.12 |
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89.7 |
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121.8 |
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2025 |
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Joseph Hanna |
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Average Non-CEO |
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Total Compensation from Summary Compensation Table |
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$ |
6,519,633 |
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$ |
1,943,778 |
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Adjustments for Pension |
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Adjustment Summary Compensation Table Pension |
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$ |
— |
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$ |
— |
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Amount added for current year service cost |
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$ |
— |
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$ |
— |
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Amount added for prior service cost impacting current year |
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$ |
— |
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$ |
— |
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Total Adjustments for Pension |
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$ |
— |
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$ |
— |
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Adjustments for Equity Awards |
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Adjustment for Grant Date Values in the Summary Compensation Table |
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$ |
— |
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$ |
— |
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Grant Date Fair Value of Equity Awards Granted in Fiscal Year |
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$ |
(4,301,228 |
) |
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$ |
(1,088,025 |
) |
Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |
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$ |
3,548,733 |
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$ |
897,676 |
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Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |
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$ |
(143,388 |
) |
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$ |
(30,457 |
) |
Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |
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$ |
— |
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$ |
— |
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Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |
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$ |
114,575 |
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$ |
31,921 |
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Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |
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$ |
— |
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$ |
— |
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Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |
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$ |
148,763 |
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$ |
28,250 |
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Total Adjustments for Equity Awards |
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$ |
(632,545 |
) |
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$ |
(160,635 |
) |
Compensation Actually Paid (as calculated) |
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$ |
5,887,088 |
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$ |
1,783,143 |
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2025: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2024: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie
2025: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2024: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie
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2025 |
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Joseph Hanna |
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Average Non-CEO |
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Total Compensation from Summary Compensation Table |
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$ |
6,519,633 |
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$ |
1,943,778 |
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Adjustments for Pension |
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Adjustment Summary Compensation Table Pension |
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$ |
— |
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$ |
— |
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Amount added for current year service cost |
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$ |
— |
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$ |
— |
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Amount added for prior service cost impacting current year |
|
$ |
— |
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$ |
— |
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Total Adjustments for Pension |
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$ |
— |
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$ |
— |
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Adjustments for Equity Awards |
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Adjustment for Grant Date Values in the Summary Compensation Table |
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$ |
— |
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$ |
— |
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Grant Date Fair Value of Equity Awards Granted in Fiscal Year |
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$ |
(4,301,228 |
) |
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$ |
(1,088,025 |
) |
Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |
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$ |
3,548,733 |
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$ |
897,676 |
|
Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |
|
$ |
(143,388 |
) |
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$ |
(30,457 |
) |
Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |
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$ |
— |
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$ |
— |
|
Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |
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$ |
114,575 |
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$ |
31,921 |
|
Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |
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$ |
— |
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$ |
— |
|
Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |
|
$ |
148,763 |
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$ |
28,250 |
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Total Adjustments for Equity Awards |
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$ |
(632,545 |
) |
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$ |
(160,635 |
) |
Compensation Actually Paid (as calculated) |
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$ |
5,887,088 |
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$ |
1,783,143 |
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2025 |
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|
Joseph Hanna |
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Average Non-CEO |
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||
Total Compensation from Summary Compensation Table |
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$ |
6,519,633 |
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$ |
1,943,778 |
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Adjustments for Pension |
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Adjustment Summary Compensation Table Pension |
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$ |
— |
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$ |
— |
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Amount added for current year service cost |
|
$ |
— |
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$ |
— |
|
Amount added for prior service cost impacting current year |
|
$ |
— |
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|
$ |
— |
|
Total Adjustments for Pension |
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$ |
— |
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$ |
— |
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Adjustments for Equity Awards |
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Adjustment for Grant Date Values in the Summary Compensation Table |
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$ |
— |
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$ |
— |
|
Grant Date Fair Value of Equity Awards Granted in Fiscal Year |
|
$ |
(4,301,228 |
) |
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$ |
(1,088,025 |
) |
Fair Value at Fiscal Year End of Outstanding and Unvested Equity Awards Granted in the Fiscal Year |
|
$ |
3,548,733 |
|
|
$ |
897,676 |
|
Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Fiscal Years |
|
$ |
(143,388 |
) |
|
$ |
(30,457 |
) |
Fair Value at Vesting of Equity Awards Granted and Vested in the Fiscal Year |
|
$ |
— |
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|
$ |
— |
|
Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Fiscal Years that Vested in the Fiscal Year |
|
$ |
114,575 |
|
|
$ |
31,921 |
|
Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year |
|
$ |
— |
|
|
$ |
— |
|
Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Reflected in Total Compensation |
|
$ |
148,763 |
|
|
$ |
28,250 |
|
Total Adjustments for Equity Awards |
|
$ |
(632,545 |
) |
|
$ |
(160,635 |
) |
Compensation Actually Paid (as calculated) |
|
$ |
5,887,088 |
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$ |
1,783,143 |
|
Most Important Performance Measures
In our assessment, the most important performance measures used to link CAP (as calculated in accordance with the SEC rules) to Company performance are listed in the table below. The role of each of these performance measures in our executive compensation program is discussed in “Executive Compensation Program Design” in this Proxy Statement.
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Performance Measures |
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Pre-Tax Income |
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Adjusted EBITDA |