0001674101 2025-01-01 2025-12-31 0001674101 2024-01-01 2024-12-31 0001674101 2023-01-01 2023-12-31 0001674101 2022-01-01 2022-12-31 0001674101 2021-01-01 2021-12-31 0001674101 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0001674101 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001674101 2 2025-01-01 2025-12-31 0001674101 3 2025-01-01 2025-12-31 0001674101 1 2025-01-01 2025-12-31 iso4217:USD DEF 14A false 0001674101 Vertiv Holdings Co true <div style="margin-top:12pt; margin-bottom:0pt; font-size:17.5pt; font-family:Times New Roman"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Equity Grant Timing Policy </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Pursuant to our Equity Grant Policy, implemented at the February 24, 2021, meeting of the Compensation Committee, annual equity awards to directors and continuing executive officers are to be approved at the first meeting of the Compensation Committee (and, where applicable, the Board) held during the first quarter of the year. Additional grants (such as promotion, new hire or special grants) may be approved during the year. Under our 2020 Stock Incentive Plan, the Compensation Committee may delegate authority to our CEO to make grants <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">to non-executive e<div style="display:inline;">mploy</div>ees,</div> but may not delegate any authority with respect to grants to executive officers. </div> <div id="toc18663_28" style="margin-top:0pt; margin-bottom:0pt; font-size:17.5pt; font-family:Times New Roman"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Pay versus Performance </div></div><div style="margin-top:19pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As required by Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last four completed calendar years. In determining the “compensation actually paid” (“<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">CAP</div></div>”) to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:28%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Year</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Summary<br/>Compensation<br/>Total for<br/>PEO($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Compensation<br/>Actually Paid<br/>to PEO($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Average<br/>Summary<br/>Compensation<br/>Table Total for<br/><div style="white-space:nowrap;display:inline;">Non-PEO</div><br/>NEOs($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Average<br/>Compensation<br/>Actually Paid<br/>to <div style="white-space:nowrap;display:inline;">Non-PEO</div><br/>NEOs($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="6" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Value of Initial Fixed $100<br/>Investment Based On:</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Net<br/>Income($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Adjusted<br/>Operating<br/>Profit($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div></div></td> <td rowspan="2" style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Total<br/>Shareholder<br/>Return($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;">Peer Group<br/>Total<br/>Shareholder<br/>Return($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;">2025</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">18,311,719</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">102,015,794</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,462,002</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">6,115,522</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">871.48</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">189.10</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,332.8M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,089.7M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;">2024</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">12,276,743</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">103,652,963</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,244,615</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">19,771,553</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">610.28</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">161.12</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">495.8M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,551.6M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">6,183,174</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">49,586,394</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,973,889</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">16,527,970</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">257.70</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">129.40</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">460.2M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,053.5M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">8,033,521</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">(6,564,566</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">6,546,724</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">4,820,353</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">73.25</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">102.27</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">76.6M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">439.2M</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td> <td colspan="4" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.38em; font-size: 8pt; font-family: ARIAL; line-height: normal;">2021</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">5,180,837</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">13,610,394</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">1,798,692</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">4,039,817</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">133.80</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">126.45</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">119.6M</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">471M</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(1)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">The dollar amounts reported in these columns are, respectively, (x) the amounts of total compensation reported for our Principal Executive Officer (“<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">PEO</div></div>”) and (y) the average of the amounts reported for the Company’s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">non-PEO</div> named executive officers (“<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-PEO</div> NEOs</div></div>”) as a group, in each case as set forth in the “Total” column of the Summary Compensation Table for each applicable year. Our PEO was Mr. Albertazzi for 2025, 2024 and 2023 and Rob Johnson for each of 2022 and 2021. For purposes of calculating the average amounts in each applicable year, the names of each of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">the Non-PEO NEOs</div> are as follows: Giordano Albertazzi (2022), Craig Chamberlin (2025), Scott Armul (2025), David Fallon (2025, 2024, 2023, 2022, 2021), Stephen Liang (2023, 2022, 2021), Anand Sanghi (2025, 2024, 2023), Anders Karlborg (2024, 2023), Phil Doherty (2022), Stephanie Gill (2025, 2024, 2021), and Jason Forcier (2021). </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” in the applicable fiscal year, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the adjustments set forth below were made to the total compensation for each year to determine the compensation actually paid. Adjusted fair values have been determined using, as applicable, updated stock price and assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fiscal Year 2025</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">PEO($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-PEO</div><br/>NEOs($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Total from Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">18,311,719</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,462,002</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">13,040,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,078,106</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End</div> of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year (Including Dividend Equivalents)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">39,212,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,147,247</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">29,538,445</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,057,507</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Fair Value at Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End of</div> Stock and Option Awards Forfeited during the Covered Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at Vesting Date of Option Awards and Stock Awards Grants and Vested During the Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">280,500</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,913,630</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">(1,909,840</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Compensation Actually Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">102,015,794</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6,115,522</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr></table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(3)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Peer group TSR shown in the table was based on the index we use for purposes of Item 201(e)(1)(ii) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> If we used the Compensation Peer Group (with the list of companies provided in the “<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Compensation Discussion and Analysis</div></div>” above), the peer group weighted TSR for the measurement periods shown in the table would have been 224.6, 158.6, 138.1, 112.6 and 141.5 at the end of 2025, 2024, 2023, 2022 and 2021, respectively. </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(4)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">Dollar amounts reported represent (i) the amount of net income reflected in the Company’s audited financial statements for the applicable year and (ii) the amount of adjusted operating profit (<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">“AOP</div></div>”), which is <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">a non-GAAP measure</div> we used under the VIP for 2025. For an explanation and reconciliation of AOP, please see Annex A. </div></td></tr></table> 18311719 102015794 2462002 6115522 871.48 189.1 1332800000 2089700000 12276743 103652963 2244615 19771553 610.28 161.12 495800000 1551600000 6183174 49586394 2973889 16527970 257.7 129.4 460200000 1053500000 8033521 -6564566 6546724 4820353 73.25 102.27 76600000 439200000 5180837 13610394 1798692 4039817 133.8 126.45 119600000 471000000 Mr. Albertazzi Mr. Albertazzi Mr. Albertazzi Rob Johnson Rob Johnson <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” in the applicable fiscal year, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the adjustments set forth below were made to the total compensation for each year to determine the compensation actually paid. Adjusted fair values have been determined using, as applicable, updated stock price and assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fiscal Year 2025</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">PEO($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-PEO</div><br/>NEOs($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Total from Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">18,311,719</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,462,002</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">13,040,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,078,106</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End</div> of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year (Including Dividend Equivalents)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">39,212,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,147,247</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">29,538,445</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,057,507</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Fair Value at Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End of</div> Stock and Option Awards Forfeited during the Covered Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at Vesting Date of Option Awards and Stock Awards Grants and Vested During the Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">280,500</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,913,630</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">(1,909,840</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Compensation Actually Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">102,015,794</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6,115,522</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:3%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: left; line-height: normal;">The dollar amounts reported in these columns represent the amount of “compensation actually paid” in the applicable fiscal year, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the adjustments set forth below were made to the total compensation for each year to determine the compensation actually paid. Adjusted fair values have been determined using, as applicable, updated stock price and assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:79%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Fiscal Year 2025</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">PEO($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:2pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:right"><div style="color: rgb(255, 80, 0); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-PEO</div><br/>NEOs($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Total from Summary Compensation Table</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">18,311,719</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,462,002</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Amount reported in the Summary Compensation Table for Stock Awards and Option Awards</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">13,040,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,078,106</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End</div> of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year (Including Dividend Equivalents)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">39,212,000</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,147,247</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years (Including Modifications)</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">29,538,445</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">2,057,507</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">- Fair Value at Prior <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Fiscal Year-End of</div> Stock and Option Awards Forfeited during the Covered Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Fair Value at Vesting Date of Option Awards and Stock Awards Grants and Vested During the Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">280,500</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">1,913,630</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">(1,909,840</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td> <td colspan="4" style="height:0.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;">Compensation Actually Paid</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">102,015,794</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom;text-align:right">6,115,522</td> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #000000;white-space:nowrap;vertical-align:bottom"> </td></tr></table> 18311719 2462002 13040000 1078106 39212000 2147247 29538445 2057507 0 0 0 280500 1913630 -1909840 102015794 6115522 Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Peer group TSR shown in the table was based on the index we use for purposes of Item 201(e)(1)(ii) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> If we used the Compensation Peer Group (with the list of companies provided in the “<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Compensation Discussion and Analysis</div></div>” above), the peer group weighted TSR for the measurement periods shown in the table would have been 224.6, 158.6, 138.1, 112.6 and 141.5 at the end of 2025, 2024, 2023, 2022 and 2021, respectively. Dollar amounts reported represent (i) the amount of net income reflected in the Company’s audited financial statements for the applicable year and (ii) the amount of adjusted operating profit (<div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">“AOP</div></div>”), which is <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">a non-GAAP measure</div> we used under the VIP for 2025. For an explanation and reconciliation of AOP, please see Annex A. adjusted operating profit (“AOP”) <div style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bolder;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Performance Measures. </div></div></div></div>Listed below are the financial <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">and non-financial performance</div> measures which in our assessment represent the most important financial performance measures we use to link compensation actually paid to our named executive officers, for 2025, to Company performance. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:30%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:69%"></td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:1pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.35em; font-size: 8.5pt; font-family: ARIAL; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">Measure</div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:1pt ;vertical-align:top"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-style:italic;display:inline;">How We Used the Measure</div></div></td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:1pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.35em; font-size: 8.5pt; font-family: ARIAL; line-height: normal;">Adjusted Operating Profit (AOP)</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:1pt ;vertical-align:top">Metric in VIP and Strategic Performance Awards</td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:1pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.35em; font-size: 8.5pt; font-family: ARIAL; line-height: normal;">Adjusted Free Cash Flow</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:1pt ;vertical-align:top">Metric in VIP</td></tr> <tr style="font-size:1pt"> <td style="height:1.5pt"></td> <td colspan="2" style="height:1.5pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:1pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.35em; font-size: 8.5pt; font-family: ARIAL; line-height: normal;">Stock Price</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style="padding-bottom:1pt ;BORDER-BOTTOM:0.75pt solid #000000;vertical-align:top">Used to determine exercise price of stock options and ultimate realized value of all equity awards</td></tr></table> Adjusted Operating Profit (AOP) Adjusted Free Cash Flow Stock Price <div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g18663g55q01.jpg" style="width:5.63346in;height:3.21804in"/> </div> <div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g18663g55q02.jpg" style="width:5.63346in;height:3.25264in"/> </div> <div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g18663g56o32.jpg" style="width:5.63346in;height:3.28725in"/> </div> <div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g18663g56e01.jpg" style="width:5.63346in;height:3.21804in"/> </div>