Board Justification

The executive compensation program has three principal objectives: To attract, reward and retain highly-talented executive officers and other key employees; To motivate these individuals to achieve short-term and long-term goals that enhance shareholder value; and To support our core values and culture.

Board Justification

Variable cash compensation based on performance compared to pre-established financial, operational, strategic and individual performance objectives. Includes assessment of the Company’s progress towards sustainability goals. Financial and non-financial metrics provide a comprehensive assessment of executive performance. NEO annual incentives determined through a three-step performance assessment process.

Board Justification

Includes Applied's matching contribution under the tax-qualified 401(k) Plan, term life insurance premiums, matching contribution to an eligible non-profit organization pursuant to a program under the Applied Materials, Inc. Political Action Committee, reimbursement for certain eligible wellbeing related expenses under the Company’s benefits program, equipment and monitoring and maintenance services for a residential security system, and personal security services.

Board Justification

Stock awards that vested during fiscal year 2024.