The company said the Compensation and Organization Committee of its Board of Directors set Adjusted Earnings Per Share and Adjusted Operating Cash Flow metrics on February 28, 2024 to determine 2024 incentive compensation under the Executive Incentive Compensation Plan.

1. 01

   The company said the Compensation and Organization Committee of its Board of Directors set Adjusted Earnings Per Share and Adjusted Operating Cash Flow metrics on February 28, 2024 to determine 2024 incentive compensation under the Executive Incentive Compensation Plan.

2. 02

   The company said the plan's participants are the Executive Officers and approximately 3,100 other salaried employees. It said the individual incentive targets for the Named Executive Officers range from 100% to 170%.

3. 03

   The company said it granted performance share units to the Named Executive Officers for the long-term performance-based ESIP 2024-2026 award period, with target-level grants ranging from 4,190 PSUs to 24,930 PSUs.

4. 04

   The company said the number of PSUs actually earned will depend on its total return to shareholders, assuming reinvestment of dividends (TSR), relative to that of 16 peers approved by the Committee. It said participants can earn 0% to 200% of the target number of PSUs.

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Original filing

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