Board Justification

The Committee determines the type and amount of compensation opportunity for our officers based on a thorough review of a variety of factors, including competitive market data, the officer’s current responsibilities and value to the Company, future leadership potential and individual/corporate/business performance.

Board Justification

Mr. Zadoks did not receive a bonus in cash for 2024, but was eligible for incentives based on fiscal year performance. The Senior Management Bonus Program is designed to reward superior annual performance in key areas that we believe create long-term value for shareholders. For fiscal year 2024, the Committee approved the following plan design: Corporate NEOs—For Mr. Zadoks, we maintained our four-pronged approach based on the Adjusted EBITDA performance of each of our four wholly-owned business units—Post Consumer Brands, Foodservice, Refrigerated Retail and Weetabix. However, rather than the 25% weighting for each business unit used in fiscal year 2023, the Board approved fiscal year 2024 weighting based on each business unit’s approximate size from an Adjusted EBITDA perspective relative to the overall Company. Instead of apportioning equal weighting to each business unit, the Committee determined a better program design would be to weight each business unit according to its respective contribution to the Company’s overall Adjusted EBITDA, as certain business units are much larger than others. Earned amounts were paid in RSU grants (rather than cash) made after the conclusion of fiscal year 2024 with vesting on the first anniversary of the grant date, generally subject to continued employment.

Board Justification

Other compensation includes matching contributions of $20,700, life insurance premiums of $1,058, personal use of aircraft of $62,074, and tax gross-ups of $13,914.

Board Justification

This number includes the vesting of 5,930 RSUs which were settled in cash.