Corpay (CPAY) DEF 14A27 Apr 23Definitive proxyFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2022
Cover [Abstract]
Document Type	DEF 14A
Amendment Flag	false
Entity Registrant Name	FLEETCOR TECHNOLOGIES INC
Entity Central Index Key	0001175454

Pay vs Performance Disclosure

Pay vs Performance Disclosure	12 Months Ended
Pay vs Performance Disclosure	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($) $ / shares
Pay vs Performance Disclosure [Table]
Pay vs Performance [Table Text Block]	Pay Versus Performance Table (1) Year (a) Summary Compensation Table (“SCT”) Total for PEO (b) Compensation Actually Paid to PEO (c) (2) Average Summary Compensation Table Total for Non-PEO Named Executive Officers (d) Average Compensation Actually Paid to Non-PEO Named Executive Officers (e) (2) VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON: Net Income (in millions) (h) (5) Company- Selected Measure: Adjusted EPS (i) (6) Total Shareholder Return (f) (3) Peer Group Total Shareholder Return (g) (4) 2022 $3,986,998 ($24,347,434) $3,883,399 $208,386 $63.84 $98.20 $954 $16.10 2021 $57,923,473 $31,186,881 $4,524,830 $2,515,971 $77.80 $118.74 $839 $13.21 2020 $1,311,225 ($325,275) $2,179,759 $2,244,485 $94.82 $124.60 $704 $11.09 (1) Mr. Clarke was our principal executive officer (“PEO”) for the full year for each of 2022, 2021 and 2020. For Vickery, Mr. Freund, Mr. Mr. Mr. Mr. For Mr. Freund, Mr. Mr. Mr. For Mr. Freund, Dey, Mr. Mr. Mr. (2) For each of Covered Year, Table, Covered Year Item and Value Added (Deducted) 2022 2021 2020 For Mr. Clarke: Summary Compensation Table Total: $ 3,986,998 $ 57,923,473 $ 1,311,225 - change in actuarial present value of pension benefits — — — + service cost of pension benefits — — — + prior service cost of pension benefits — — — - SCT “Stock Awards” column value — — — - SCT “Option Awards” column value — ($ 55,556,000 — + year-end fair value of outstanding equity awards granted in Covered Year — $ 36,577,408 — +/- change in fair value of outstanding equity awards granted in prior years ($ 28,334,433 — ($ 1,636,500 + vesting date fair value of equity awards vested Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year — — — - prior year-end prior-year awards forfeited Covered Year — ($ 7,758,000 — + includable dividends/earnings on equity awards during Covered Year — — — Compensation Actually Paid: ($ 24,347,434 $ 31,186,881 ($ 325,275 For Non-PEO NEOs (Average): Summary Compensation Table Total: $ 3,883,399 $ 4,524,830 $ 2,179,759 - change in actuarial present value of pension benefits — — — + service cost of pension benefits — — — + prior service cost of pension benefits — — — - SCT “Stock Awards” column value ($ 1,320,911 ($ 1,535,353 ($ 751,891 - SCT “Option Awards” column value ($ 2,050,064 ($ 2,215,289 ($ 920,014 + year-end fair value of outstanding equity awards granted in Covered Year $ 1,147,042 $ 2,757,866 $ 2,918,190 +/- change in fair value of outstanding equity awards granted in prior years ($ 786,777 ($ 1,011,487 ($ 39,397 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ 172,355 ($ 4,596 ($ 642,836 - prior year-end fair value of prior-year equity awards forfeited in Covered Year ($ 836,658 — ($ 499,325 + includable dividends/earnings on equity awards during Covered Year — — — Compensation Actually Paid: $ 208,386 $ 2,515,971 $ 2,244,485 (3) For each Covered Year, covered Covered Year-end Covered Years (4) For purposes of this pay versus performance disclosure, our peer group is the S&P 500® Data Processing & Outsourced Services Sub Industry Index (the “PVP Peer Group”). For Covered Year, (5) Net income is calculated in accordance with United States Generally Accepted Accounting Principles. (6) Adjusted EPS (or adjusted net income per diluted share) is calculated as set forth on Appendix A.
Company Selected Measure Name	Adjusted EPS
Named Executive Officers, Footnote [Text Block]	(1) Mr. Clarke was our principal executive officer (“PEO”) for the full year for each of 2022, 2021 and 2020. For Vickery, Mr. Freund, Mr. Mr. Mr. Mr. For Mr. Freund, Mr. Mr. Mr. For Mr. Freund, Dey, Mr. Mr. Mr.
Peer Group Issuers, Footnote [Text Block]	(4) For purposes of this pay versus performance disclosure, our peer group is the S&P 500® Data Processing & Outsourced Services Sub Industry Index (the “PVP Peer Group”). For Covered Year,
PEO Total Compensation Amount	$ 3,986,998	$ 57,923,473	$ 1,311,225
PEO Actually Paid Compensation Amount	$ (24,347,434)	31,186,881	(325,275)
Adjustment To PEO Compensation, Footnote [Text Block]	(2) For each of Covered Year, Table, Covered Year Item and Value Added (Deducted) 2022 2021 2020 For Mr. Clarke: Summary Compensation Table Total: $ 3,986,998 $ 57,923,473 $ 1,311,225 - change in actuarial present value of pension benefits — — — + service cost of pension benefits — — — + prior service cost of pension benefits — — — - SCT “Stock Awards” column value — — — - SCT “Option Awards” column value — ($ 55,556,000 — + year-end fair value of outstanding equity awards granted in Covered Year — $ 36,577,408 — +/- change in fair value of outstanding equity awards granted in prior years ($ 28,334,433 — ($ 1,636,500 + vesting date fair value of equity awards vested Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year — — — - prior year-end prior-year awards forfeited Covered Year — ($ 7,758,000 — + includable dividends/earnings on equity awards during Covered Year — — — Compensation Actually Paid: ($ 24,347,434 $ 31,186,881 ($ 325,275
Non-PEO NEO Average Total Compensation Amount	$ 3,883,399	4,524,830	2,179,759
Non-PEO NEO Average Compensation Actually Paid Amount	$ 208,386	2,515,971	2,244,485
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]	(2) For each of Covered Year, Table, Covered Year For Non-PEO NEOs (Average): Summary Compensation Table Total: $ 3,883,399 $ 4,524,830 $ 2,179,759 - change in actuarial present value of pension benefits — — — + service cost of pension benefits — — — + prior service cost of pension benefits — — — - SCT “Stock Awards” column value ($ 1,320,911 ($ 1,535,353 ($ 751,891 - SCT “Option Awards” column value ($ 2,050,064 ($ 2,215,289 ($ 920,014 + year-end fair value of outstanding equity awards granted in Covered Year $ 1,147,042 $ 2,757,866 $ 2,918,190 +/- change in fair value of outstanding equity awards granted in prior years ($ 786,777 ($ 1,011,487 ($ 39,397 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ 172,355 ($ 4,596 ($ 642,836 - prior year-end fair value of prior-year equity awards forfeited in Covered Year ($ 836,658 — ($ 499,325 + includable dividends/earnings on equity awards during Covered Year — — — Compensation Actually Paid: $ 208,386 $ 2,515,971 $ 2,244,485
Compensation Actually Paid vs. Total Shareholder Return [Text Block]	The following charts provide, across the Covered Years, average Table above) Table CAP, as calculated under SEC rules, reflects Table reflect CAP and our performance during such period. There are two primary reasons for this disconnect. First, Mr. receive reflects Mr. Mr. Clarke’s long-term four-year covered of outstanding equity awards for purposes of 2022 CAP (including Mr. Clarke’s For a discussion of how our Compensation Committee assessed “pay-for-performance” and how our executive compensation program is designed to link executive compensation with the achievement of our financial and strategic objectives as well as stockholder value creation each year, Proxy TSR and Peer TSR vs. Compensation Actually Paid
Compensation Actually Paid vs. Net Income [Text Block]	The following charts provide, across the Covered Years, average Table above) Table CAP, as calculated under SEC rules, reflects Table reflect CAP and our performance during such period. There are two primary reasons for this disconnect. First, Mr. receive reflects Mr. Mr. Clarke’s long-term four-year covered of outstanding equity awards for purposes of 2022 CAP (including Mr. Clarke’s For a discussion of how our Compensation Committee assessed “pay-for-performance” and how our executive compensation program is designed to link executive compensation with the achievement of our financial and strategic objectives as well as stockholder value creation each year, Proxy Net Income vs. Compensation Actually Paid
Compensation Actually Paid vs. Company Selected Measure [Text Block]	The following charts provide, across the Covered Years, average Table above) Table CAP, as calculated under SEC rules, reflects Table reflect CAP and our performance during such period. There are two primary reasons for this disconnect. First, Mr. receive reflects Mr. Mr. Clarke’s long-term four-year covered of outstanding equity awards for purposes of 2022 CAP (including Mr. Clarke’s For a discussion of how our Compensation Committee assessed “pay-for-performance” and how our executive compensation program is designed to link executive compensation with the achievement of our financial and strategic objectives as well as stockholder value creation each year, Proxy Adjusted EPS vs. Compensation Actually Paid
Total Shareholder Return Vs Peer Group [Text Block]	The following charts provide, across the Covered Years, average Table above) Table CAP, as calculated under SEC rules, reflects Table reflect CAP and our performance during such period. There are two primary reasons for this disconnect. First, Mr. receive reflects Mr. Mr. Clarke’s long-term four-year covered of outstanding equity awards for purposes of 2022 CAP (including Mr. Clarke’s For a discussion of how our Compensation Committee assessed “pay-for-performance” and how our executive compensation program is designed to link executive compensation with the achievement of our financial and strategic objectives as well as stockholder value creation each year, Proxy TSR and Peer TSR vs. Compensation Actually Paid
Tabular List [Table Text Block]	The following table lists the three financial performance measures that we believe represent the most important financial performance measures we used to link compensation actually paid to our named executive officers for fiscal 2022 to our performance: Most Important Financial Performance Measures Adjusted EPS GAAP Revenue, as adjusted Stock Price
Total Shareholder Return Amount	$ 63.84	77.8	94.82
Peer Group Total Shareholder Return Amount	98.2	118.74	124.6
Net Income (Loss)	$ 954,000,000	$ 839,000,000	$ 704,000,000
Company Selected Measure Amount \| $ / shares	16.1	13.21	11.09
PEO Name	Mr. Clarke	Mr. Clarke	Mr. Clarke
Measure [Axis]: 1
Pay vs Performance Disclosure [Table]
Measure Name	Adjusted EPS
Measure [Axis]: 2
Pay vs Performance Disclosure [Table]
Measure Name	GAAP Revenue, as adjusted
Measure [Axis]: 3
Pay vs Performance Disclosure [Table]
Measure Name	Stock Price
PEO [Member] \| Change in Actuarial Present Value of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	$ 0	$ 0	$ 0
PEO [Member] \| Service Cost of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
PEO [Member] \| Prior Service Cost of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
PEO [Member] \| SCT "Stock Awards" Column Value [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
PEO [Member] \| SCT "Option Awards" Column Value [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	(55,556,000)	0
PEO [Member] \| Year-End Fair Value of Outstanding Equity Awards Granted in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	36,577,408	0
PEO [Member] \| Change in Fair Value of Outstanding Equity Awards Granted in Prior Years [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(28,334,433)	0	(1,636,500)
PEO [Member] \| Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
PEO [Member] \| Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
PEO [Member] \| Prior Year-End Fair Value of Prior-Year Equity Awards Forfeited in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	(7,758,000)	0
PEO [Member] \| Includable Dividends/Earnings on Equity Awards During Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
Non-PEO NEO [Member] \| Change in Actuarial Present Value of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
Non-PEO NEO [Member] \| Service Cost of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
Non-PEO NEO [Member] \| Prior Service Cost of Pension Benefits [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
Non-PEO NEO [Member] \| SCT "Stock Awards" Column Value [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(1,320,911)	(1,535,353)	(751,891)
Non-PEO NEO [Member] \| SCT "Option Awards" Column Value [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(2,050,064)	(2,215,289)	(920,014)
Non-PEO NEO [Member] \| Year-End Fair Value of Outstanding Equity Awards Granted in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	1,147,042	2,757,866	2,918,190
Non-PEO NEO [Member] \| Change in Fair Value of Outstanding Equity Awards Granted in Prior Years [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(786,777)	(1,011,487)	(39,397)
Non-PEO NEO [Member] \| Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	0	0	0
Non-PEO NEO [Member] \| Change in Fair Value of Prior-Year Equity Awards Vested in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	172,355	(4,596)	(642,836)
Non-PEO NEO [Member] \| Prior Year-End Fair Value of Prior-Year Equity Awards Forfeited in Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	(836,658)	0	(499,325)
Non-PEO NEO [Member] \| Includable Dividends/Earnings on Equity Awards During Covered Year [Member]
Pay vs Performance Disclosure [Table]
Adjustment to Compensation Amount	$ 0	$ 0	$ 0