Definitive proxy statements

Pay vs Performance Disclosure

v3.24.2
Pay vs Performance Disclosure
 12 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Fiscal Year
Summary Compensation Table Total PEO (1)
CAP to PEO (1) (3)
Average Summary Compensation Table Total for Non-PEO NEOs(2)
Average CAP to Non-PEO NEOs(2)(3)
Value of Initial Fixed $100 Investment Based On: Net Income
CSM (share price) (5)
Company TSR(4)
Peer Group TSR(4)
(a) (b) (c) (d) (e) (f) (g) (h) (i)
2021 $301,714 $301,714 $131,587 $131,587 $376 $163 $150,281 $53
2022 $1,133,375 $1,133,375 $1,012,518 $1,866,841 $420 $184 $220,928 $60
2023 $1,154,299 $1,154,299 $816,348 $763,324 $506 $155 $205,586 $72
2024 $8,492,310 $8,492,310 $5,929,793 $4,496,010 $497 $203 $374,952 $71
       
Company Selected Measure Name share price        
Named Executive Officers, Footnote Timur Turlov was PEO for each of fiscal years 2022, 2023 and 2024.Non-PEO NEOs whose average compensation is reflected in columns (d) and (e) consist of Askar Tashtitov and Evgeny Ler for each of the fiscal years presented, and Azamat Yerdessov and Aidos Zhumagulov for fiscal 2024.        
Peer Group Issuers, Footnote Total Stockholder Return, or “TSR” and Peer Group TSR reflect our TSR compared to that of similarly sized (based on assets, market capitalization and revenue sizes as well as total shareholder return) publicly traded companies in the financial services industry (specifically including investment banking organizations). The peer group was recommended by an independent national compensation consulting firm hired to advise on executive and director compensation matters, and adopted by the compensation committee, is broadly consistent with the markets in which we operate. The dollar amounts in columns (f) and (g) represent the value at the end of the applicable fiscal year of an assumed $100 invested as of March 31, 2020.        
PEO Total Compensation Amount $ 8,492,310 $ 1,154,299 $ 1,133,375 $ 301,714  
PEO Actually Paid Compensation Amount $ 8,492,310 1,154,299 1,133,375 301,714  
Adjustment To PEO Compensation, Footnote Compensation actually paid, or “CAP,” as reflected in columns (c) and (e), was calculated in accordance with SEC rules based on the Total Compensation as reflected in the Summary Compensation Table, or “SCT.” The following tables reconcile CAP to the SCT Total for the PEO and the non-PEO NEOs.
PEO SCT Total to CAP Reconciliation

Fiscal Year Salary Bonus and Non-Equity Incentive Compensation Other Compensation Stock awards SCT Total Deductions from SCT Total Additions to SCT Total CAP
(2)
(1)
(2)
2021 $279,525 $— $22,189 $— $301,714 $— $— $301,714
2022 $1,133,375 $— $19,708 $— $1,133,375 $— $— $1,133,375
2023 $1,048,015 $— $106,284 $— $1,154,299 $— $— $1,154,299
2024 $2,500,000 $5,000,000 $992,310 $— $8,492,310 $— $— $8,492,310

(1)     Reflects “all other compensation” reported in the SCT for each fiscal year shown.
(2)     PEO did not receive any bonuses in the form of stock during fiscal 2022, 2023 and 2024, and did not receive any bonuses in the form of cash during fiscal 2022 and 2023.
       
Non-PEO NEO Average Total Compensation Amount $ 5,929,793 816,348 1,012,518 131,587  
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,496,010 763,324 1,866,841 131,587  
Adjustment to Non-PEO NEO Compensation Footnote Compensation actually paid, or “CAP,” as reflected in columns (c) and (e), was calculated in accordance with SEC rules based on the Total Compensation as reflected in the Summary Compensation Table, or “SCT.” The following tables reconcile CAP to the SCT Total for the PEO and the non-PEO NEOs.
Average Non-PEO NEOs SCT Total to CAP Reconciliation

Fiscal Year Salary Bonus and Non-Equity Incentive Compensation Other Compensation Stock awards SCT Total Deductions from SCT Total Additions to SCT Total CAP
(1)

(2)
(3)
2021 $113,824 $— $17,763 $— $131,587 $— $— $131,587
2022 $233,983 $244,762 $67,294 $466,479 $1,012,518 $(466,479) $1,320,802 $1,866,841
2023 $205,526 $203,132 $41,245 $366,445 $816,348 $(366,445) $313,421 $763,324
2024 $690,049 $754,065 $138,289 $4,347,390 $5,929,793 $(4,383,432) $2,949,650 $4,496,010

(1)     Reflects “all other compensation” reported in the SCT for each fiscal year shown.
(2)     Represents the grant date fair value of equity-based awards granted each fiscal year. We did not report a change in pension value for any of the fiscal years reflected in this table; therefore, a deduction from SCT total related to pension value is not needed.
(3)     Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each fiscal year shown.
       
Compensation Actually Paid vs. Total Shareholder Return
CAP vs Company and Peer Group TSR.jpg
        
Compensation Actually Paid vs. Net Income
CAP vs Net Income.jpg
        
Compensation Actually Paid vs. Company Selected Measure
CAP vs Share Price.jpg
        
Total Shareholder Return Amount $ 497 506 420 376  
Peer Group Total Shareholder Return Amount 203 155 184 163  
Net Income (Loss) $ 374,952 $ 205,586 $ 220,928 $ 150,281  
Company Selected Measure Amount 71 72 60 53  
PEO Name Timur Turlov        
Additional 402(v) Disclosure While we use numerous financial and non-financial performance measures to evaluate performance under our compensation programs, FRHC share price is the measure that represents the performance measure used to link compensation actually paid to NEOs.        
Assumed Amount Invested         $ 100
PEO Salary $ 2,500,000 $ 1,048,015 $ 1,133,375 $ 279,525  
PEO Bonus and Non-Equity Incentive Compensation 5,000,000 0 0 0  
PEO Other Compensation 992,310 106,284 19,708 22,189  
PEO Equity Awards 0 0 0 0  
Non-PEO NEO Salary 690,049 205,526 233,983 113,824  
Non-PEO NEO Bonus and Non-Equity Incentive Compensation 754,065 203,132 244,762 0  
Non-PEO NEO Other Compensation 138,289 41,245 67,294 17,763  
Non-PEO NEO Equity Awards 4,347,390 366,445 466,479 0  
PEO | Deductions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
PEO | Additions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0  
Non-PEO NEO | Deductions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,383,432) (366,445) (466,479) 0  
Non-PEO NEO | Additions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 2,949,650 $ 313,421 $ 1,320,802 $ 0