Board Justification

Our philosophy is to provide appropriate competitive compensation opportunities to our executives such that actual pay outcomes are heavily influenced by achievement of Company, business and individual performance targets and objectives, which are designed to support our business strategy and create long‐term stockholder value.

Board Justification

The Applicable Distribution Percentage may be further modified based on the Company’s performance against Environmental, Social and Governance (ESG) and quality goals. In the 2024 ABP, we included Adjusted OIM as a financial performance metric to help drive the Company’s continued focus on adjusted operating margin expansion, and shifted the ESG scorecard to a modifier, whereby the distribution percentage amount may be increased or decreased based on the Company’s performance towards ESG goals.

Board Justification

Amounts in the “All Other Compensation” column are composed of the following components: Match (401(k) Plan), Aircraft, Term Life Insurance, Financial Planning, Other

Board Justification

The amounts shown in this column represent the number of shares vested or earned multiplied by the closing price of our common stock on the vesting date.