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    Stephen H. Kramer

    Chief Executive Officer at Bright Horizons Family Solutions Inc
    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 Inc

    MB
    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

    OrganizationRoleDate RangeDetails
    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 NameAmountPayment ScheduleAdditional Details
    Salary$650,000 AnnuallyFixed base salary for 2023.
    Restricted Stock Units22,439 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 2023Includes 401(k) Match of $4,365 and Deferred Compensation Plan Match of $2,500.

    Performance Compensation

    Data from  FY 2023

    Annual Cash Bonus

    MetricValueDetails
    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 Achievement81.8% Weighted average total bonus earned as a percentage.
    Paid as % of Salary118.6% Actual bonus paid relative to salary.

    Equity Incentive Awards

    Performance-Based Restricted Stock Units (PRSUs)

    MetricValueDetails
    Grant DateFebruary 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 ScheduleVest on the third anniversary of grantVesting subject to average annual Adjusted EBITDA Growth achieved over a three-year performance period and continuous service.

    Stock Option Awards

    MetricValueDetails
    Grant DateFebruary 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 ScheduleThree equal installmentsVest on the first, second, and third anniversaries of the grant date; subject to continuous service.
    Option Term10 yearsExpires 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. *