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2025-01-01 2025-12-31 iso4217:USD pure 0000097216 DEF 14A false TEREX CORPORATION true <div style="margin-top:8pt;text-align:justify">As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and the Company’s financial performance for the fiscal years listed below. For further information concerning our pay-for-performance philosophy and how we align executive compensation with Company financial performance, refer to the “Compensation Discussion and Analysis” section, beginning on page <a href="#ic9d699bc5a8d4ae3a86d90584a51a22a_118" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:none">25</a>. </div><div style="margin-bottom:12pt;margin-top:9pt;text-align:justify">The following table discloses information on “Compensation Actually Paid” (“CAP”) (as defined by SEC rule and further described below) to our principal executive officer (“PEO”) (also referred to as our CEO) and to our other Named Executive Officers (“NEOs”), on an average basis, during the specified years, alongside total shareholder return (“TSR”) and net income metrics, as well as the Company selected performance measure of ROIC, as defined and described in the “Compensation Discussion and Analysis” section beginning on page <a href="#ic9d699bc5a8d4ae3a86d90584a51a22a_118" style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:none">25</a>. In reviewing this information, it is important to consider that the amounts included in the tables below are described as “compensation actually paid” in accordance with the SEC rules, but such amounts do not necessarily represent compensation actually earned or realized by our PEO and NEOs in such years, as the below calculations are influenced by numerous factors, including, but not limited to, fluctuations in the stock price of outstanding unvested stock award grants.</div> <div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.150%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.844%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.013%"></td><td style="width:0.1%"></td></tr><tr style="height:44pt"><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">Year</td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Summary Compensation Table Total for First PEO1</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Summary Compensation Table Total for Second PEO1</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Compensation Actually Paid (“CAP”) to First PEO1,2</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Compensation Actually Paid (“CAP”) to Second PEO1,2</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Average Summary Compensation Table Total for Non-PEO NEOs1</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Average Compensation Actually Paid (“CAP”) to Non-PEO NEOs1,2</div></td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Value of Initial Fixed $100 Investment Based On:3</div></td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">Net Income ($MM)</td><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">ROIC4</div></td></tr><tr style="height:32pt"><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">TSR</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Peer Group TSR</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,294,990</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$9,546,329</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,388,603</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,876,076</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$163</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$160</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$221</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">11.6%</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$6,619,371</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,045,537</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,015,680</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$755,552</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$139</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$147</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$336</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">21.1%</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,208,430</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$21,648,207</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,012,548</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,371,853</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$171</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$132</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$518</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">28.9%</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$9,778,425</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,488,051</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,155,049</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,295,919</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$125</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$105</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$300</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">21.7%</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$9,540,015</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$15,777,895</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$—</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,426,224</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,531,383</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$127</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$123</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">$221</td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">18.8%</td></tr></table></div> 7294990 9546329 2388603 2876076 163 160

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0.211 10208430 21648207 3012548 4371853 171 132

518000000

0.289 9778425 10488051 2155049 2295919 125 105

300000000

0.217 9540015 15777895 2426224 3531383 127 123

221000000

0.188 The PEO(s) for whom compensation figures are shown in this table are: for the 2021, 2022 and 2023 fiscal years, John L. Garrison, Jr. (“First PEO”); and for the 2024 and 2025 fiscal years, Simon Meester (“Second PEO”). Mr. Garrison retired as Chairman and Chief Executive Officer, and Mr. Meester was appointed as President and Chief Executive Officer, effective as of January 1, 2024. The Non-PEO NEOs for whom the average compensation is presented in this table are: for the 2025 fiscal year, Jennifer Kong-Picarello, Julie Beck, Scott Posner, Kieran Hegarty and Patrick Carroll, for the 2024 fiscal year, Julie Beck, Kieran Hegarty, Scott Posner and Joshua Gross; for the 2023 fiscal year, Julie Beck, Kieran Hegarty, Simon Meester and Scott Posner; for the 2022 fiscal year, Julie Beck, Kieran Hegarty, Simon Meester and Scott Posner; and for the 2021 fiscal year, John D. Sheehan, Kieran Hegarty, Scott Posner and Amy George. John L. Garrison, Jr. John L. Garrison, Jr. John L. Garrison, Jr. John L. Garrison, Jr. Simon Meester The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table with the following deductions (grant date fair value of all equity awards granted during the fiscal year) and additions (the fair value as of the end of the fiscal year of awards granted in that fiscal year that remain outstanding and unvested as of fiscal year-end; the change in fair value from the prior fiscal year-end to that fiscal year-end of equity awards granted in prior years that remained outstanding and unvested at fiscal year-end; and the change in fair value from the prior fiscal year-end through the vesting date of equity awards granted in prior years that vested during that fiscal year), as detailed in the table below. Fair value of time-based awards is based on the price of our common stock at year-end date or, in the case of vesting date, the actual vesting price. The fair value of performance-based awards, except for awards based on a market condition, is based on the same valuation methodology, except year-end values are multiplied by the probability of achievement as of the year-end date or, in the case of vesting date, the vesting date values are multiplied by actual shares earned based on performance. For awards based on a market condition, fair value is based on the Monte Carlo method as of the year-end date or, in the case of vesting date, the actual vesting price and actual shares earned.<div style="margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.823%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:0 1pt"></td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2023</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2024</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2025</td></tr><tr style="height:45pt"><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Second PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Second PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #d3171f;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt 2px 19pt;text-align:left;text-indent:-18pt;vertical-align:middle">Compensation Total for covered fiscal year (“FY”) from Summary Compensation Table (“SCT”)</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,540,015</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,426,224</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,778,425</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,155,049</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$10,208,430</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,012,548</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,619,371</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,015,680</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,294,990</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,388,603</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">DEDUCT: grant date fair value (“GDFV”) of awards granted during FY, reported under the Stock Awards column in the SCT</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,005,749</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,128,010</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,956,740</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,023,006</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,543,682</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,686,898</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,923,294</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,111,648</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,203,318</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,265,023</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: FY-end fair value of awards granted during year that remain outstanding and unvested as of FY-end</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,575,896</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,286,783</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,808,043</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,169,208</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,975,223</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,869,372</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,174,022</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$722,596</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,151,484</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,683,113</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: change in fair value from prior FY-end to current FY-end of awards granted in any prior year that are outstanding and unvested as of FY-end</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,552,701</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$779,463</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$638,536</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$52,017</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,861,498</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$817,301</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(822,209)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(866,562)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$466,850</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$175,231</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: change in fair value from prior FY-end to vesting date for any awards granted in any prior year that vested during the FY.</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,115,032</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$166,923</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(780,213)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(57,349)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,146,738</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$359,530</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(2,353)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(4,514)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(163,677)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(105,848)</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle">Total: Compensation Actually Paid (CAP)</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$15,777,895</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,531,383</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$10,488,051</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,295,919</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$21,648,207</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,371,853</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,045,537</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$755,552</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,546,329</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,876,076</td></tr></table></div> The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table with the following deductions (grant date fair value of all equity awards granted during the fiscal year) and additions (the fair value as of the end of the fiscal year of awards granted in that fiscal year that remain outstanding and unvested as of fiscal year-end; the change in fair value from the prior fiscal year-end to that fiscal year-end of equity awards granted in prior years that remained outstanding and unvested at fiscal year-end; and the change in fair value from the prior fiscal year-end through the vesting date of equity awards granted in prior years that vested during that fiscal year), as detailed in the table below. Fair value of time-based awards is based on the price of our common stock at year-end date or, in the case of vesting date, the actual vesting price. The fair value of performance-based awards, except for awards based on a market condition, is based on the same valuation methodology, except year-end values are multiplied by the probability of achievement as of the year-end date or, in the case of vesting date, the vesting date values are multiplied by actual shares earned based on performance. For awards based on a market condition, fair value is based on the Monte Carlo method as of the year-end date or, in the case of vesting date, the actual vesting price and actual shares earned.<div style="margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.823%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" rowspan="2" style="background-color:#d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:0 1pt"></td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2023</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2024</td><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">2025</td></tr><tr style="height:45pt"><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">First PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Second PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Second PEO</td><td colspan="3" style="background-color:#d3171f;border-left:1pt solid #ffffff;border-right:1pt solid #d3171f;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Average of Non-PEO NEOs</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt 2px 19pt;text-align:left;text-indent:-18pt;vertical-align:middle">Compensation Total for covered fiscal year (“FY”) from Summary Compensation Table (“SCT”)</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,540,015</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,426,224</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,778,425</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,155,049</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$10,208,430</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,012,548</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,619,371</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,015,680</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,294,990</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,388,603</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">DEDUCT: grant date fair value (“GDFV”) of awards granted during FY, reported under the Stock Awards column in the SCT</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,005,749</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,128,010</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,956,740</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,023,006</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,543,682</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,686,898</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,923,294</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,111,648</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,203,318</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,265,023</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: FY-end fair value of awards granted during year that remain outstanding and unvested as of FY-end</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,575,896</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,286,783</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$6,808,043</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,169,208</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,975,223</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,869,372</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,174,022</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$722,596</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$7,151,484</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,683,113</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: change in fair value from prior FY-end to current FY-end of awards granted in any prior year that are outstanding and unvested as of FY-end</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,552,701</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$779,463</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$638,536</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$52,017</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$5,861,498</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$817,301</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(822,209)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(866,562)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$466,850</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$175,231</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18pt;text-indent:-18pt">ADD: change in fair value from prior FY-end to vesting date for any awards granted in any prior year that vested during the FY.</div></td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$1,115,032</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$166,923</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(780,213)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(57,349)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,146,738</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$359,530</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(2,353)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(4,514)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(163,677)</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$(105,848)</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle">Total: Compensation Actually Paid (CAP)</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$15,777,895</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$3,531,383</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$10,488,051</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,295,919</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$21,648,207</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,371,853</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$4,045,537</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$755,552</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$9,546,329</td><td colspan="3" style="background-color:#dbdbdb;border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">$2,876,076</td></tr></table></div> 9540015 2426224 9778425 2155049 10208430 3012548 6619371 2015680 7294990 2388603 -6005749 -1128010 -5956740 -1023006 -6543682 -1686898 -4923294 -1111648 -5203318 -1265023 6575896 1286783 6808043 1169208 7975223 1869372 3174022 722596 7151484 1683113 4552701 779463 638536 52017 5861498 817301 -822209 -866562 466850 175231 1115032 166923 -780213 -57349 4146738 359530 -2353 -4514 -163677 -105848 15777895 3531383 10488051 2295919 21648207 4371853 4045537 755552 9546329 2876076 For purposes of this disclosure, the peer group is the S&P 500 Industrial Machinery & Supplies & Components Index. Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through the end of the listed year in either the Company or the S&P 500 Industrial Machinery & Supplies & Components Index, and reinvestment of the pre-tax value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance. We determined ROIC to be the “most important” financial performance measure used to link performance to Compensation Actually Paid to our PEO and other NEOs in the 2025 fiscal year, in accordance with Item 402(v) of Regulation S-K. For the definition and further description of ROIC, please refer to the “Compensation Discussion and Analysis” section beginning on page <a href="#ic9d699bc5a8d4ae3a86d90584a51a22a_118" style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:112%;text-decoration:none">25</a>. ROIC <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.250%"><tr><td style="width:1.0%"></td><td style="width:47.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:50.042%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:bottom">2025 Most Important Measures (Unranked)</td></tr><tr><td colspan="3" style="border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">ROIC</td><td colspan="3" style="border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Relative TSR compared to Benchmark Companies</div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Operating Profit</div></td><td colspan="3" style="border-bottom:1pt solid #d3171f;border-left:1pt solid #d3171f;border-right:1pt solid #d3171f;border-top:1pt solid #d3171f;padding:2px 1pt;text-align:center;vertical-align:middle">NWC</td></tr></table> ROIC Relative TSR compared to Benchmark Companies Operating Profit NWC <div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Description of Relationship Between CAP and Company TSR</td></tr></table>The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years.</div><div><img alt="PVP CAP to TSR Graph.png.jpg" id="i-155" src="tex-20260429_g59.jpg" style="height:387px;margin-bottom:5pt;vertical-align:text-bottom;width:700px"/></div> <div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Description of Relationship Between CAP and Net Income</td></tr></table>The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.</div><div style="text-align:center"><img alt="PVP Net Income Graph rounded.jpg" id="i-156" src="tex-20260429_g60.jpg" style="height:402px;margin-bottom:5pt;vertical-align:text-bottom;width:691px"/></div> <div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Description of Relationship Between CAP and ROIC</td></tr></table>The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and our ROIC during the five most recently completed fiscal years.</div><div style="text-align:center"><img alt="PVP CAP to ROIC Graph.jpg" id="i-158" src="tex-20260429_g61.jpg" style="height:392px;margin-bottom:5pt;vertical-align:text-bottom;width:710px"/></div> <div style="margin-bottom:10pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Description of Relationship Between Company TSR and Peer Group TSR</td></tr></table>The following chart compares our cumulative TSR over the five most recently completed fiscal years to that of the S&P 500 Industrial Machinery & Supplies & Components Index over the same period. </div><div style="margin-bottom:10pt;text-align:center"><img alt="PVP TSR v TSR Graph.jpg" id="i-159" src="tex-20260429_g62.jpg" style="height:360px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>