The company said the Compensation and Organization Committee set Adjusted Earnings Per Share and Adjusted Operating Cash Flow as corporate performance criteria under the Executive Incentive Compensation Plan for 2025 at a meeting on February 26, 2025.

1. 01

   The company said the Compensation and Organization Committee set Adjusted Earnings Per Share and Adjusted Operating Cash Flow as corporate performance criteria under the Executive Incentive Compensation Plan for 2025 at a meeting on February 26, 2025.

2. 02

   Eaton said the Plan participants consist of the Executive Officers and approximately 3,100 other salaried employees. The individual incentive targets for current Named Executive Officers named in the 2024 Proxy Statement range from 90% to 170%.

3. 03

   The company said it granted performance share units (PSUs) to Named Executive Officers for the 2025-2027 award period under its long-term performance-based Executive Strategic Incentive program (ESIP), with target-level grants ranging from 2,480 PSUs to 19,375 PSUs.

4. 04

   Eaton said the actual number of PSUs earned will depend on its total shareholder return, assuming reinvestment of dividends (TSR), relative to a group of 16 peers approved by the Committee. It said participants can earn 0% to 200% of the target number of PSUs, consistent with historical practices.

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