DC地区上市公司本地趋势回顾

DCAreaPublicCompanyLocalTrendsReview

2026ProxySeason

Welcometothe

DCAreaPublicCompany

LocalTrendsReviewforthe2026ProxySeason

The2026proxyseasonreflectedcontinuedchangeacrosstheDC100,fromsharprevenuegrowthandrisingcompensationtoevolvingpatternsinboardrecruitment,diversityandinstitutionalownership.Inourfourthannualreport,weexaminehowtheregion’slargestpubliccompaniesarerespondingtothese

developmentsandhowtheirpracticescomparewithbroadermarketbenchmarks.Afewofthisyear’skeyfindingsinclude:

Aerospace&DefensedroveasharpincreaseinDC100revenue

·AggregateDC100revenueincreasedto

$692.6B,withthesevenAerospace&

Defensecompaniesincludedinbothyears

contributing$41.0Binyear-over-yeargrowth.

·Revenueremainshighlyconcentrated:the10largestcompaniesaccountfor70.5%of

aggregateDC100revenue.

》Directorandexecutivecompensationreachednewhighs

·Onaverage,totalindependentdirectorcompensationisup12.6%to$274,112annually.

·R&D-focusedindustriescontinuedtoutilizeahigherpercentageofequityvs.cashfor

compensationwhiletheotherindustriesareclosertoa50/50splitofcashandequity.

·CLO/GCcompensationisapproximately

27.5%ofthemedianCEOcompensationand74.0%ofthemedianCFOcompensation.

》Boardrecruitmentwasactive,butnew-directordiversitywasuneven

·Thirty-twoboardsappointed48new

independentdirectors,morethanhalfofwhomjoinedTechnologyorAerospace&Defensecompanies.

·Overall,one-thirdofthe48newindependentdirectorswerediverse,butonlytwoof

Technology’s18appointeeswerediverse.

Institutionalinvestorsdominatesignificantownershippositions

·BlackRockorVanguardhelda5%+ownershippositionin79oftheDC100companies.

.Ofthe96DC100companieswith

stockholdersowningatleast5%,allsuch

stockholderswereinstitutionalinvestorsat62ofthecompanies.

Ascompaniesbeginpreparingforthe2027proxyseason,wehopethisreportprovidesusefulcontextfor

evaluatingcurrentpractices,identifyingemergingtrendsandinformingdiscussionswithboardsandotherstakeholders.Wewelcometheopportunitytodiscussthesefindingsandtheirpotentialimplicationsforyourorganization.

Regards,

AbbyE.Brown

AmericasChair,GlobalCorporatePracticeT+12024575668

Eabby.brown@

3

4

DefiningtheDC100

TheIndustries

TheCompanies

TheDC100representstheapproximately100largest,by2025annualrevenue,public

companies

headquarteredintheDCmetropolitanarea,

definedasDC,NorthernVirginiaandDC’s

Marylandsuburbs.

Ninety-fiveofthisyear’scompanieswerealso

includedinlastyear’s2025DC100report.

TheDC100industriesareassignedbasedoneachcompany’sSICcode,asdesignatedwiththeSEC.ExhibitA:SICCodesofDC100detailstheSICcodesincludedwithineachofthis

report’sindustryclassificationsandprovidesthebreakdownofthatindustry’srepresentationbySICcode.

Forthisyear’sreport,theDC100’s10keyindustrycategorieshavebeenupdatedtoaccountforcompanychangesthat

alteredthecollectiveindustrymix.Media&Entertainment,whichincludesonlytwocompaniesthisyear,hasbeen

incorporatedintoOther,whilesixmanagementconsulting

companiespreviouslyincludedinOthernowformanew

Servicescategory.AlthoughthecompositionoftheDC100hasevolvedoverthepastfouryears,manyofthese

companiesappearedinpriorreportsunderdifferentindustryclassificationsforsector-levelanalyses.

TheData

Theanalysispresentedinthisreportdrawsonthelatestproxystatementsfrom100companiesfiledbetweenAugust13,2025,andJuly24,2026,andcorrespondingForms8-Kreportingannualmeetingresults.Itexcludescertaincompaniesthat:

·didnotfile2026proxystatementswiththeSECduetobeingcurrentlyheldinconservatorship;·arenotrequiredtofileproxies;or

·didnothavearecentpublicly-availableproxystatementfiledwiththeSECduringthepre-publicationanalysisofthisreport.

TheComparisons

Year-over-year(YOY)comparisonsoftheDC100dataarebasedonSquirePattonBoggs’analysesofannualproxystatementdata

detailedinpriorreports.

AccesspriorDCAreaPublicCompanyLocalTrendsReviewreports

5

Contents

DefiningtheDC1004

AbouttheDC1006

AnnualRevenue6

CompanyDemographics8

AnnualProxyStatementProposals9

StockholderProposals9

ManagementProposals11

EvolvingDisclosures13

BoardComposition14

BoardSize14

DirectorAge&Tenure15

SpecializedDirectorExpertise16

Director&LeadershipDiversity17

Director&LeadershipIndependence18

OutsideBoardService18

NewIndependentDirectors19

Compensation20

TotalDirectorCompensation20

CompensationConsultantUtilization22

TotalCEO,CFO&CLO/GCCompensation23

Perks25

5%+Stockholders&InstitutionalInvestors27

DCPublicationTeam28

AbouttheFirm28

ExhibitA:SICCodesofDC10029

Citations30

6

AbouttheDC100

》AnnualRevenue

DC100aggregaterevenuesdoubledlastyear’sincrease,significantlyincreasingthelist’srevenuethresholdto$55.8M

The2026DC100companiesrepresent$692.6Bincombined2025annualrevenue,up12.1%fromlastyear’sDC100companies’combinedtotalof$618.0B,whichmorethandoubleslastyear’s5.8%revenueincrease.ThisupwardrevenuetrajectoryalsoincreasedtheDC100'srevenuethresholdforinclusionto$55.8M,upfrom$36.8M.Still,mostcompaniesintheDC100remainedconsistent,with95companiesrecurringfromthe2025list.

Incomparison,theFortune500'saggregateannualrevenuegrowthhasheldsteadyat5.5%forthelasttwoyears.1Similarly,theS&P500'sestimated2025year-over-yearrevenuegrowthrateis6.9%,slightlyaboveitstrailing10-yearaverageof5.3%.2

Aerospace&Defensegeneratedmorethanhalfofthisyear’srevenuegrowth

AggregateDC100revenueincreasedby$74.6Byearoveryear,from$618.0Bto$692.6B.Aerospace&

Defensewastheprimarydriver.Thesevensectorcompaniesincludedinboththe2025and2026DC100generatedacombinedrevenueincreaseof

$41.0B,equivalentto55.0%oftheDC100’soverallincrease.

TheBoeingCompanyalonereporteda$22.9Byear-over-yearincrease,primarilydrivenbyhigher

commercialdeliveryvolumeandimproved

operationalperformance.3Thisrepresented30.8%oftheDC100'stotalrevenueincrease.

Revenueacrossmostotherkeyindustrieswas

comparativelystableorgrewmoderatelyduringtheperiod.

DC100REVENUETRENDSBYINDUSTRY,2023–2025

$692.6B

$618.0B$568.0B

202320242025

·Columns:AggregateDC100revenue

·Lines:Revenuebyindustry;colorlegendonp.7

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DC

100

Aboutthe

RevenueishighlyconcentratedamongthelargestDC100companies

TherevenuesoftheDC100generallyfollowthe“80/20rule”:the20largestcompaniesgenerated85.3%ofaggregaterevenue.Concentrationwasevenmorepronouncedatthetop,withthe10largestcompaniesbyrevenueaccountingfor70.5%ofthetotal.

Boeing,thelargestDC100companybyrevenue,reported$89.4B,12.9%oftheDC100'saggregaterevenue.Notably,BoeingisalsothelargestU.S.aerospaceanddefensecompanyontheFortune500.4

2025AGGREGATECOMPANYREVENUEBYINDUSTRY

Industrylegendforp.6-7

16.0%

Other

8companies,$24.7BPharma/Biotech

7companies,$6.3BRealEstate/REIT

16companies,$19.7BServices

6companies,$19.4BTechnology

27companies,$110.8B

Aerospace&Defense

2.8%

9companies,$353.4BConstruction

0.9%

2.8%

3companies,$13.9BEnergy

3.6%

51.0%

5companies,$28.8BFinancialServices

6.3%

14companies,$72.0BHospitality

5companies,$43.5B

10.4%

Note:Individualamountsareroundedtothenearest$0.1Bandmaynotsumtothereportedtotalof$692.6B.

4.2%

2.0%

8

AbouttheDC100

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》CompanyDemographics

6are%emerginggrowthcompanies(EGCs)

36%

aregovernmentcontractors

67%

areincorporatedinDelaware

19%

aresmallerreportingcompanies(SRCs)

66%

arelargeacceleratedfilers

arewell-knownseasoned

issuers

63%

re1liswithNASDAQ

CapitalMarket,GlobalMarket,orGlobalSelect

49%

18%

areFortune500companies5

arelistedwithNYSEorNYSEAmerican

avee%cember31yearends

60%

includeCLO/GCasaNEO

st

4.6#ofNEOs

istheaverage

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9

AnnualProxyStatementProposals6

》StockholderProposals

Thevolumeofreceivedproposalsandnumberofcompaniesreceivingthemcontinuedtodecline

Thisyear,eightDC100companiesreceiveda

combined10stockholderproposals,averaging1.25proposalspercompanybycompaniesreceivinga

proposal.

Comparatively,theS&P500averaged1.95

stockholderproposalspercompanybycompaniesreceivingaproposal,continuingtodeclinefromitsaveragesof2.2and2.5in2025and2024,

respectively.7

YEAR-OVER-YEARSTOCKHOLDERPROPOSALCOMPARISON

29

#ofstockholder

proposals

#ofcompanies

receivingproposals

17

14

14

10

8

202420252026

Eightofthe10stockholderproposalsaddressedgovernancematters

STOCKHOLDERPROPOSALSSUBMITTEDBYCATEGORY,2024–2026

15

2024

2025

2026

JohnCheveddensubmittedeightproposalsateightdifferentDC100companies.Sevenaddressed

governancematters,whileonefocusedoncompensation.

8

8

TwootherproponentseachsubmittedoneproposalatcompaniesthatalsoreceivedaChevedden

7

5

5

4

proposal.Oneaddressedgovernanceandtheotheraddressedanenvironmentalmatter.Intotal,eightofthe10proposalssubmittedtoDC100companies

weregovernance-related.

2

Environmental

Social

Governance

Compensation

1

1

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10

AnnualProxyStatementProposals

Nineof10proposalsreachedavote,andallfailed

Ofthe10stockholderproposalsincludedintheproxystatementsoftheDC100companies,ninereachedavoteandallfailed.TheconcentrationingovernanceproposalswaslargelyattributabletoJohnChevedden,whosubmittedsevenoftheeightgovernanceproposalsreceived.

BothlocallyfortheDC100andbroadlyacrossthe2026proxyseason,governancemattersledall

stockholderproposals.However,governanceproposalsheldalargerportionofallstockholderproposalslocallyat80%,comparedto46%morebroadlyintheU.S.8

GovernanceProposals

8SUBMITTEDI7VOTEDI0PASSED

Topics&Submissions

VoteDetails

·Stockholderrights(4)

·Voteswereheldforsevenoftheseproposals(allbutone

·Chairindependence(3)

stockholderrightsproposalthatwasnotproperlypresentedat

·Other(1)

themeeting):threeregardingstockholderrights,three

regardingindependentchairs,andoneregardingdisabilityaccess.Allfailedwithanaverageof22.4%support.

EnvironmentalProposal

1SUBMITTEDI1VOTEDI0PASSEDVoteDetails

·Oneenvironmentalproposaltodisclosegreenhousegas

emissionsfailedwith47.1%support,thehighestofallproposalsthatfailedandmuchhigherthantheaveragepro-ESGproposalthisseason:13.3%.9Theproposalrequestedonlythatthe

Companyissueareportdisclosingitsgreenhousegasemissions,withoutrequiringreductiontargetsorotheraction,andnoted

thatseveralcompetitorsalreadydiscloseoperationalorvalue-chainemissions.10

Topic&Submission

·Emissionsdisclosure(1)

CompensationProposal

$

1SUBMITTEDI1VOTEDI0PASSEDVoteDetails

·Thisproposalreceived6.2%support,fallingfrom44%supportforthesameproposalatthesamecompanyin2025.Inthe

interim,theCompanyadoptedacash-severancepolicythatrequiresstockholderapprovalforpaymentsabovethe

proposal’s2.99xbasesalaryplustargetbonusthreshold.11

Topic&Submission

·Limitationsonexcess(1)

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11

AnnualProxyStatementProposals

》ManagementProposals

Two-thirdsofDC100companiesemployannualdirectorelections

Thirty-threecompaniesmaintainclassifiedboardstructuresinwhichdirectorsservestaggeredthree-yearterms,continuingagradualdeclinefrom35companiesin2025and37in2024.Thesecompaniesare

generallysmaller,withmedianrevenueof$1.1B.Ten,or30.3%,aretechnologycompanies.

Twoinfiveboardshadatleastone

directorreceivelessthan90%support

At41DC100companies,atotalof68directors

receivedlessthan90%support.Themostcommoncharacteristicamongthesedirectorswasholdinga

boardleadershipposition.Twenty-ninedirectors,or42.6%,servedmostfrequentlyasboardchairorchairofthenominatingandcorporategovernance

committee.

Lesscommoncharacteristicsincludedboardtenureof20yearsormore,advancedageandserviceontwoadditionalpubliccompanyboards.These

characteristicswerenotmutuallyexclusive.

Nodirectorreceivedlessthanmajoritysupport.

BOARDSWITHDIRECTORSRECEIVING<90%SUPPORT

#ofboards

7

4

3

1

2

3

4

5

25

1

#ofdirectorsreceiving<90%support

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12

AnnualProxyStatementProposals

Say-on-pay(SoP)votesincreasedagain;allproposalspassed

Eighty-sixDC100companiesheldsay-on-payvotesthisyear,upfrom83in2025and78in2024.

AllSoPproposalspassed,averaging90.7%support.Sevenreceivedlessthan70%support,placingthembelowboththeGlassLewis(80%)andISS(70%)reviewthresholds.OverallsupportwascomparabletotheS&P500averageof90.6%butlowerthantheRussell3000averageof92.1%.12

RELATIONSHIPBETWEENCEOTOTALCOMPENSATIONANDSOPSUPPORT

100

80

SoPsupport(%)

60

40

20

GlassLewis80%

reviewthresholdISS70%reviewthreshold

$0$20M$40M$60M$80M$100M

CEOtotalcompensation

●Aerospace&Defense●Energy●HospitalityPharma/Biotech●Services

Construction●FinancialServices●OtherRealEstate/REIT●Technology

Allbuttwoequityplanproposalspassed,andonlyonereflectedstockholderopposition

Stockholdersat35DC100companiesvotedonequityplanproposalsthisyear,approving33,or94.3%.

Withrespecttothetwofailedproposals,onereceivedgreatersupportthanoppositionbutfailed

procedurallybecauseitdidnotsatisfytherequisitehigherapprovalstandard.Theotherfailedproposalwassubstantivelyrejected.

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13

Evolving

Disclosures

EBITDAremainsthemostfrequentlyutilizedcompany-selectedmeasureforPayversusPerformance

MeasureselectionforPayversusPerformancedisclosureshowedconsiderableconsistencywithin

industries.EBITDA-basedmeasureswerethemostcommonchoiceinfiveofthe10keyindustries,whilerevenue-basedmeasuresweremostcommoninfour;thesetotalsincludeoneindustryinwhichthetwomeasuresweretied.EPSpredominatedinFinancialServices,andcashflowwasmostcommonin

Aerospace&Defense.

Ineightindustries,atleasthalfofthereportingcompaniesselectedanEBITDA-basedmeasure.Aerospace&DefenseandTechnologyweretheexceptions,wherecashflowandrevenueledwithpluralitiesof42.9%and45.5%,respectively.

MOSTCOMMONCOMPANY-SELECTEDMEASURE13BYINDUSTRY

Percentageofreportingcompanieswithineachindustry

Aerospace&Defense

CashFlow42.9%

Construction

EBITDA66.7%

Energy

Revenue50.0%

FinancialServices

EPS77.8%

Hospitality

EBITDA80.0%

Other

EBITDA&Revenue(tied)37.5%

Pharma/Biotech

Revenue80.0%

RealEstate/REIT

EBITDA50.0%

Services

EBITDA75.0%

Technology

Revenue45.5%

CybersecuritydisclosuresheldconstantwhileESGdisclosuresdeclined14

DC100DISCLOSURETRENDLINES

Cybersecurity

63%

ESG

46%

·40%

30%32%31%

202420252026

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14

BoardComposition

》BoardSize

DC100boardsizeremainsrelativelystableandbelowtheS&P500average

DC100boardsaveraged9.1directors,comparedwith9.3lastyear.TheS&P500averagealsodeclinedslightly,from10.8to10.7directors.15

Morethantwo-thirdsofDC100boards,or68%,hadbetweensevenand10directors.Boardsizealso

generallyincreasedwithcompanyscale:companieswithsmallboardsreportedaveragerevenueof

$643.4M,comparedwith$5.0Bforthosewithmedium-sizedboardsand$15.0Bforthosewithlargeboards.

DISTRIBUTIONOFDC100BOARDSIZES

#ofboards

21

17

16

14

10

6

6

5

2

1

1

1

34567891011121314

#ofdirectors

SmallBoards,3-6directors

9companies

$643.4Maverageannualrevenue

MediumBoards,7-10directors

68companies

$5.0Baverageannualrevenue

LargeBoards,11-15directors

23companies

$15.0Baverageannualrevenue

Thelargestboardsareconcentratedinhighlyregulatedindustries

FinancialServiceshadthelargestaverageboardsizeinboththeDC100andS&P500,at10.9and11.7directors,respectively.16Aerospace&Defense,withanaverageof9.9directors,andHospitality,at9.8,completedtheDC100’sthreelargestindustryaverages.Thistrendisconsistentwiththesubstantialregulatory,complianceandstrategicoversightdemandsfacingcompaniesinthesesectors.

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15

BoardComposition17

》DirectorAge&Tenure

DC100independentdirectorsareolderthantheirbroadermarketcounterparts

DC100independentdirectors’agesrangefrom34to93andaverage64.7years,abovetheS&P500averageof63.8yearsandtheRussell3000averageof62.8years.18

Long-servingdirectorsliftaverageDC

100tenureabovebroader-marketbenchmarks

DC100independentdirectorsaveraged8.4yearsofboardservice,comparedwithamedianof6.6years.Morethan70%hadservedfor10yearsorless,while

50directors,7.0%ofthosewithdisclosedtenure,

hadservedformorethan20years.Theselong-

servingdirectors,whosetenuresrangedfrom20.7to36.7years,raisedtheoverallaverage.

AverageDC100directortenurewasslightlyhigher

thantheS&P500averageof7.8years.19Average

directortenurevariedconsiderablybyindustry,

rangingfrom5.6to10.6years.Serviceshadthe

shortestaveragetenureat5.6years,followedby

Energyat6.3yearsandAerospace&Defenseat6.9years.

DC100INDEPENDENTDIRECTORTENURE

7.0%8.5%

35%

13.4%

36.2%

Note:Percentagesmaynottotal100%dueto

rounding.

5yearsorless

5+to10years

10+to15years

15+to20years20+years

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16

BoardComposition

》SpecializedDirectorExpertise

32%

ofexecutivesbelievetheirboardshavetherightexpertise21

AccordingtoaPwCstudy,only

LegalexpertisedecreasedinnumberanddistributionacrossDC100boards

TheshareofDC100independentdirectorsholdingaJDdeclined1.1

percentagepoints,from12.5%in2025to11.4%(82independentdirectors)in2026.Broader-marketdatashowasimilarlonger-termdecline:from2021

through2025,theshareofdirectorswithdisclosedlawexpertisefellthree

percentagepointsintheS&P500andtwopercentagepointsintheRussell

3000.20Additionally,thenumberofDC100boardswithatleastoneJD-holdingdirectordecreasedfrom58to55.

Governmentcontractorsaveraged0.7JD-holdingdirectorsperboard,comparedwith1.08acrosstheDC100;ninelargegovernmentcontractorshadnone.TechnologyandFinancialServiceshadthelargest

numbersofJD-holdingdirectors,with23and19,respectively.Together,thetwoindustriesaccountedfor51.2%ofallJD-holdingDC100directors.

Cybersecurityexpertisealsoexpandedacrossmoreboards

Theshareofdirectorswithdisclosedcybersecurityexpertisedeclinedto28.5%(163directors),whilethepercentageofboardswithatleastonecybersecurityexpertincreasedyearoveryearfrom53%to61%.Asaresult,cybersecurityexperiencebecamemorebroadlydistributedacrosstheDC100.

Ofthe61boardsreportingcybersecurityexpertise,43,or70.5%,hadmorethanoneexpert,and14,or23.0%,hadatleastfive.

Cybersecurityexpertisewasmostprevalentintechnology-drivenandhighlyregulatedindustries.At

leastonecybersecurityexpertservedon85.2%ofTechnologyboards,77.8%ofAerospace&Defenseboardsand71.4%ofFinancialServicesboards.RepresentationwaslowestinPharma/Biotechat28.6%andConstructionat33.3%.

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17

BoardComposition

》Director&LeadershipDiversity

42%ofdirectorsarediverse,morethanthree-quartersofwhomarewomen

Basedondiscloseddiversity22information,300of

the722DC100independentdirectors,or41.6%,arewomenand/ormembersofanunderrepresented

minoritygroup(URM).Womenaccountfor77.7%ofthesediversedirectors.

Bycomparison,49.3%ofS&P500directorsidentifyasdiverse.23Thelargestdifferenceisinthe

representationofunderrepresentedminorities(URMs),whoaccountfor24.0%ofS&P500

directors24butonly13.2%ofDC100directors.

Diverseleadersarelesslikelytoholdtopboardleadershiproles

Amongdiversedirectorsholdingaleadership

position,23.1%servedinatopboardleadershiprole(boardchair,vicechairorleadindependentdirector),while76.9%servedsolelyasacommitteechair.

Bycomparison,40.7%ofnon-diverseleadersheldatopboardleadershipposition,while59.3%servedsolelyasacommitteechair.Diversedirectorswerethereforemoreheavilyconcentratedincommitteeleadershipandlessfrequentlyrepresentedinthe

board’shighest-rankingroles.

DISCLOSEDDIVERSITYAMONGALLINDEPENDENTDIRECTORS

41.6%

49.3%

TotalDiverseDirectors

32.3%

Women

34.0%

13.2%

URMs

24.0%

9.3%

3.9%

9.0%

URMMen

15.0%

DC100S&P500

URMWomen

.URMWomen●URMMen

WhiteWomen

WhiteMen

148

108

39

DC100LEADERSHIPROLESBYDIRECTORDIVERSITY

181

Non-DiverseDirectors

Diverse

Directors

Diverse

Directors

Non-DiverseDirectors

CommitteeChairRole

TopBoardLeadershipRole

Directorsholdingbothrolesareincludedunderboard

leadership.

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18

BoardComposition

》Director&LeadershipIndependence

Ninein10boardshaveanindependentchairorleadindependentdirector

DC100boardleadershipisdividedamong44independentchairs,44executivechairs,and12othernon-independentchairs.Ofthe56boardsledbyanon-independentchair,46,or82.1%,havedesignatedaleadindependentdirector.Intotal,90%ofDC100boardshaveeitheranindependentchairorleadindependentdirector.

Proportionofindependentdirectorsincreasedto81.6%

Independentdirectorscomprise81.6%ofDC100

boardmembers,upfrom80.0%lastyearbutbelowtheS&P500averageof86.0%.25Nearlytwo-thirdsofDC100boards,or64%,aremorethan80%

independent.

Boardindependencealsogenerallyincreasedwithcompanysize.Companieswhoseboardswereat

least90%independentreportedaveragerevenueof$24.4B,comparedwith$995.0Mamongcompanieswhoseboardswere70%independentorless.

26

incl.four

affiliatedentities

11

10

53

DISTRIBUTIONOFBOARDSBYDIRECTORINDEPENDENCE

Boardswith

90%+

independence

Boardswith

80+to90%

independence

averagecompanyrevenue

$6.0B

Boardswith

70+to80%

independence

averagecompanyrevenue

$3.7B

Boardswith

70%orless

independence

averagecompanyrevenue

$995.0M

averagecompanyrevenue

$24.4B

》OutsideBoardService

ApproximatelyoneinthreeDC100

independentdirectorsserveonmultiplepubliccompanyboards

Morethanone-thirdofDC100independent

directors,or36.0%,serveonmultiplepublic

companyboards,with91.1%ofthosedirectorsservingononeortwoadditionalboards.

TheaveragetotalofpubliccompanydirectorshipsforDC100directorsdeclinedfrom1.57