Board Justification

The executive compensation program is designed to reward executives for growth in the Company’s sales and earnings, the creation of long-term shareholder value and the effective execution of our business strategies and operating priorities. The primary objectives of our executive compensation program are to: • Attract and retain executives who have the requisite leadership skills to support the Company’s culture and strategic growth priorities; • Maximize long-term shareholder value through alignment of executive and shareholder interests; • Align executive compensation with the Company’s business strategies, which are focused on driving operational excellence and better serving our customers; and • Provide target total compensation that is competitive to market, with an opportunity to earn above target pay when the Company delivers results that exceed performance targets, and below target pay when the Company falls short of performance targets.

Board Justification

N/A

Board Justification

This includes Non-Equity Incentive Plan Compensation of $2935865 and Company matching contributions to qualified and non-qualified deferred compensation plans and perquisites of $9474.

Board Justification

The amounts presented for the stock options and RSAs are equal to the values of the unvested in-the-money stock options and the restricted shares that would become vested based on the closing market price of the common stock on January 31, 2025 of $260.04.