Stephen H. Kramer

Chief Executive Officer at BRIGHT HORIZONS FAMILY SOLUTIONS

Board

Since January 2018

Age

54 years

Tenure

Joined BFAM in September 2006 through the acquisition of College Coach and has held multiple positions including Managing Director for Europe (2008–2009), Senior Vice President (2010–2013), Chief Development Officer (2014–2016), President (from January 2016), and Chief Executive Officer (from January 2018).

Also at BRIGHT HORIZONS FAMILY SOLUTIONS

Mandy Berman

Chief Operating Officer, Back-up Care and Emerging Care Services

EJB

Elizabeth J. Boland

Chief Financial Officer (CFO)

JGC

John G. Casagrande

General Counsel

About

Stephen H. Kramer is a seasoned executive who currently serves as the Chief Executive Officer and President at Bright Horizons Family Solutions Inc., and he is 54 years old as of December 31, 2024.

He began his tenure at BFAM in September 2006 through the acquisition of College Coach, a company he co-founded and led for eight years. Over the years, he has progressed through several leadership roles, including positions as Managing Director for regions in Europe, Senior Vice President, and Chief Development Officer, before taking on the roles of President in January 2016 and Chief Executive Officer in January 2018.

Kramer’s long-standing career at BFAM highlights his commitment to strategic growth and operational leadership, providing him a deep understanding of the company’s business processes. While detailed information on his educational background is not available, his professional journey underscores significant contributions in shaping the company’s development and strategic direction.

$BFAM Performance Under Stephen H. Kramer

Past Roles

Organization	Role	Date Range	Details
Bright Horizons Family Solutions	President	January 2016 – [Before CEO Appointment]**	Held the position prior to becoming CEO
Bright Horizons Family Solutions	Chief Development Officer	January 2014 – January 2016	Transitioned before promotion to President
Bright Horizons Family Solutions	Senior Vice President, Strategic Growth & Global Operations	January 2010 – December 2013	Held during company expansion phase
Bright Horizons Family Solutions	Managing Director, Europe	January 2008 – December 2009	Managed European operations
College Coach	Co-founder and Leader	Approximately 1998 – September 2006	Co-founded and led the company for eight years

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$650,000	Annually	Fixed base salary for 2023.
Restricted Stock Units	22,439 shares; $1,750,018	Full vesting on the third anniversary of the grant date (Feb 24, 2026)	Granted on Feb 24, 2023; subject to continuous service.
All Other Compensation	$6,865	As applicable in 2023	Includes 401(k) Match of $4,365 and Deferred Compensation Plan Match of $2,500.

Performance Compensation

Data from FY 2023

Annual Cash Bonus

Metric	Value	Details
Threshold	$706,875	Represents 100% of individual performance and 50% of corporate performance criteria.
Target	$942,500	Reflects 100% achievement for both individual and corporate performance.
Maximum	$1,885,000	Cap is 100% individual performance and 300% corporate performance.
Adjusted EBITDA Target	$387.3M	Actual Adjusted EBITDA was $352.12M (≈49.9% of target achieved).
Adjusted EPS Target	$3.19	Actual Adjusted EPS was $2.84 (≈40.7% of target achieved).
Bonus Achievement	81.8%	Weighted average total bonus earned as a percentage.
Paid as % of Salary	118.6%	Actual bonus paid relative to salary.

Equity Incentive Awards

Performance-Based Restricted Stock Units (PRSUs)

Metric	Value	Details
Grant Date	February 24, 2023	Approved on February 13, 2023.
Grant Date Fair Value	$874,970	At target level attainment.
Threshold (Units)	5,610	Minimum performance level required.
Target (Units)	11,219	Target performance level.
Maximum (Units)	22,438	Maximum performance level.
Vesting Schedule	Vest on the third anniversary of grant	Vesting subject to average annual Adjusted EBITDA Growth achieved over a three-year performance period and continuous service.

Stock Option Awards

Metric	Value	Details
Grant Date	February 24, 2023	Approved on February 13, 2023.
Grant Date Fair Value	$874,997	Determined on grant date.
Exercise Price	$77.99	Closing price on the grant date.
Vesting Schedule	Three equal installments	Vest on the first, second, and third anniversaries of the grant date; subject to continuous service.
Option Term	10 years	Expires on February 24, 2033.

*These performance compensation details encompass both the cash bonus and equity incentive awards components for 2023, outlining required performance metrics, targets, thresholds, vesting conditions, and evaluation periods as specified in the documents. *