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Lucid Group, Inc.
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Although we do not have a formal policy regarding the timing of equity award grants, we generally grant annual equity awards to our NEOs on a pre-established date and we do not grant any form of equity compensation in anticipation of the release of material, non-public information. Similarly, we do not time the release of material, non-public information based on equity award grant dates for the purpose of affecting the value of any equity award. The Compensation and Human Capital Committee also does not take material, non-public information into account when determining the timing and terms of equity award grants, provided that, if material, non-public information becomes known to the Compensation and Human Capital Committee prior to granting an equity award, the Compensation and Human Capital Committee takes the existence of such information into consideration and uses its business judgment to determine whether to delay the grant of equity to avoid any impropriety.
Although we do not have a formal policy regarding the timing of equity award grants, we generally grant annual equity awards to our NEOs on a pre-established date and we do not grant any form of equity compensation in anticipation of the release of material, non-public information. Similarly, we do not time the release of material, non-public information based on equity award grant dates for the purpose of affecting the value of any equity award. The Compensation and Human Capital Committee also does not take material, non-public information into account when determining the timing and terms of equity award grants, provided that, if material, non-public information becomes known to the Compensation and Human Capital Committee prior to granting an equity award
Although we do not have a formal policy regarding the timing of equity award grants, we generally grant annual equity awards to our NEOs on a pre-established date and we do not grant any form of equity compensation in anticipation of the release of material, non-public information.
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<div style="margin-top:42pt;height:668pt;margin-left:36pt;width:522pt;">
<div style="width:522pt; line-height:22pt;font-weight:normal;color:#000000;font-family:Times New Roman, Times, serif;font-size:20pt;">P<span style="text-transform:lowercase;">AY</span> V<span style="text-transform:lowercase;">ERSUS</span> P<span style="text-transform:lowercase;">ERFORMANCE</span><span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.4pt;"> </span></div>
<div style="margin-top:20pt; width:522pt; line-height:12pt;font-weight:normal;color:#000000;font-size:9pt;">The following table sets forth the compensation for our former CEO (also referred to as “PEO”) and the average compensation for our other NEOs, both as reported in the Summary Compensation Table and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under SEC rules, for each of 2024, 2023, 2022 and 2021. The table also provides information on our cumulative total shareholder return (“TSR”), the cumulative TSR of our peer group, Net Income and Free Cash Flow.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.18pt;"> </span></div>
<table style="width:522pt;height:226pt;margin-top:15pt;border-collapse: collapse;border-bottom:0.75pt solid #000000; font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <tr style="line-height:7pt;min-height:23.25pt;white-space:nowrap;text-align:center;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:9pt;"></td> <td colspan="25" style="background:#000000;border-bottom:1px solid #FEFEFE;padding:8.5pt 0pt 8pt 0pt; width:0pt;"> <div style="white-space:nowrap; text-align:center;">Pay Versus Performance </div> </td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:39.5pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:9pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:20.51pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:51.02pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:58.62pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:50.04pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:53.06pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td colspan="4" style="background:#000000;border-bottom:1px solid #FEFEFE;padding:7.583pt 0pt 7.667pt 0pt; width:0pt;">Value of Initial Fixed <br/>$100 Investment Based <br/>On: </td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:50.19pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:4.5pt;"></td> <td style="background:#000000;border-bottom:1px solid #000000;padding:0pt 0pt 0.5pt 0pt; width:62.17pt;"></td> <td style="padding:0pt;background:#000000;border-bottom:1px solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000; width:9pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:20.51pt;"> <div style="white-space:nowrap;">Year </div> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:51.02pt;">Summary<br/>Compensation<br/>Table Total for<br/>PEO<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(1)</span> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:58.62pt;">Compensation<br/>Actually Paid to <br/>PEO<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(1) (4)</span> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:50.04pt;">Average<br/>Summary<br/>Compensation<br/>Table Total<br/>for Non-PEO<br/>Named<br/>Executive<br/>Officers<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(1)</span> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:53.06pt;">Average<br/>Compensation<br/>Actually Paid to<br/>Non-PEO<br/>Named<br/>Executive<br/>Officers<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(1) (4)</span> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:41.7pt;">Total<br/>Shareholder<br/>Return<br/>($) </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:41.7pt;">Peer Group<br/>Total<br/>Shareholder<br/>Return<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(2)</span> </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:50.19pt;">Net Income (in<br/>Thousands)<br/>($) </td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="padding:0pt;background:#000000; width:4.5pt;"></td> <td style="background:#000000;padding:7.583pt 0pt 0.5pt 0pt; width:62.17pt;">Free Cash Flow (in<br/>Thousands)<br/>($)<span style=" position:relative; bottom:2.75pt;line-height:5.5pt;font-size:4.5pt;">(3)</span> </td> <td style="padding:0pt;background:#000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23.25pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:20.51pt;">2024 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:51.02pt;">1,490,490 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:58.62pt;">(6,467,228) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:50.04pt;">5,869,874 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:53.06pt;">3,898,596 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:41.7pt;">12.45 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:41.7pt;">224.42 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:50.19pt;">(2,713,942) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:62.17pt;">(2,903,515) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:20.51pt;">2023 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:51.02pt;">6,837,213 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:58.62pt;">(13,293,519) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:50.04pt;">8,544,858 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:53.06pt;">3,677,588 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:41.7pt;">17.36 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:41.7pt;">162.40 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:50.19pt;">(2,828,420) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:62.17pt;">(3,400,397) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:20.51pt;">2022 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:51.02pt;">596,430 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:58.62pt;">(643,851,664) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:50.04pt;">5,756,135 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:53.06pt;">(29,632,802) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:41.7pt;">28.16 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:41.7pt;">79.05 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:50.19pt;">(1,304,460) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:4.5pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:62.17pt;">(3,301,110) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt; width:9pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:20.51pt;">2021 </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:51.02pt;"> <span style="border-bottom:1px solid #FEFEFE;">565,591,512 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:58.62pt;"> <span style="border-bottom:1px solid #FEFEFE;">1,148,791,229 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:50.04pt;"> <span style="border-bottom:1px solid #FEFEFE;">21,230,163 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:53.06pt;"> <span style="border-bottom:1px solid #FEFEFE;">55,097,849 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:41.7pt;"> <span style="border-bottom:1px solid #FEFEFE;">156.91 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:41.7pt;"> <span style="border-bottom:1px solid #FEFEFE;">109.93 </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:50.19pt;"> <span style="border-bottom:1px solid #FEFEFE;">(2,579,761) </span> </td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:0pt; width:4.5pt;"></td> <td style="padding:8pt 0pt 7.38pt 0pt; width:62.17pt;"> <span style="border-bottom:1px solid #FEFEFE;">(1,479,353)</span> </td> <td style="padding:0pt; width:12pt;"></td> </tr> <tr style="height:5pt;line-height:5pt;"> <td colspan="27" style="padding:0pt;font-size:0pt;line-height:0pt;"></td> </tr> </table>
<div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;"></div>
<div style=" float:left; line-height:7pt; margin-top:16pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(1)</span> <br/> </div>
<div style=" margin-top:16pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;"> Mr. Rawlinson served as our PEO for each of the fiscal years presented. For 2024, our non-PEO NEOs included Messrs. Dhingra, Winterhoff, Bach and Bell. For 2023, our non-PEO NEOs included Messrs. Dhingra, Winterhoff, Bach and Bell and Sherry House and for 2022 and 2021, our non-PEO NEOs included Messrs. Bach and Bell and Ms. House.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.12pt;"> </span></div>
<div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;"></div>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(2)</span> <br/> </div>
<div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
The Peer Group TSR set forth in this table utilizes the 20 largest public companies sharing the same SIC code as us, which is SIC code 3711, “Motor Vehicles and Passenger Car Bodies” (“Motor Vehicles and Passenger Car Bodies Public Company Group”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting July 23, 2021, through the end of the listed year in the Company and in the Motor Vehicles and Passenger Car Bodies Public Company Group, respectively. Historical stock performance is not necessarily indicative of future stock performance.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.12pt;"> </span></div>
<div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;"></div>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(3)</span> <br/> </div>
<div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
Free Cash Flow is not a financial measure prepared in accordance with GAAP. For information on how we compute these non-GAAP financial measures and a reconciliation to the most directly comparable financial measures prepared in accordance with GAAP, please refer to “Annex B: Reconciliation of Non-GAAP Financial Measures” in this Proxy Statement. </div>
<div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;"></div>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(4)</span> <br/> </div>
<div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” to our PEO and Non-PEO NEOs in accordance with the Pay Versus Performance Rules in 2024: </div>
<div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;"></div>
</div><table style="width:522pt;height:312pt;margin-top:0pt;border-collapse: collapse;border-bottom:0.75pt solid #000000; font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <tr style="line-height:8pt;min-height:39.25pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000; width:9pt;"></td> <td style="background:#000000;padding:0pt 0pt 0.5pt 0pt; width:383.59pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">PEO 2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">Non-PEOs <br/>2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23.25pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-weight:bold;">Summary Compensation Total</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">1,490,490 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">5,869,874 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Stock Award Value Reported in Summary Compensation Table for the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-1">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(4,617,249) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fiscal Year-End Fair Value for Awards Granted in the Covered Year and Outstanding at Fiscal Year-End </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-2">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">4,337,714 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fair Value as of the Vesting Date for Awards Granted in the Covered Year and Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-3">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">220,948 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Change<span style="font-style:normal;"> in Fiscal Year-End Fair Values of Outstanding Unvested Awards Granted from Prior Years </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(3,504,663) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(483,850) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Change</span> in Fair Value as of Vesting Date of Awards Granted from Prior Years that Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(4,453,055) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(516,531) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Fair Value of Awards Forfeited during the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-4">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(912,310) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Fair Value of Incremental Dividends or Earnings Paid on Stock Awards </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Less</span> Aggregate Change in Actuarial Present Value of Benefit Accumulated Benefit Under Pension Plans </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Aggregate Service Cost and Prior Service Cost for Pension Plans </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-9">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-10">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Compensation Actually Paid</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(6,467,228) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">3,898,596</td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:12pt;"></td> </tr> </table>
Free Cash Flow
1490490
-6467228
5869874
3898596
12.45
224.42
-2713942000
-2903515000
6837213
-13293519
8544858
3677588
17.36
162.4
-2828420000
-3400397000
596430
-643851664
5756135
-29632802
28.16
79.05
-1304460000
-3301110000
565591512
1148791229
21230163
55097849
156.91
109.93
-2579761000
-1479353000
<div style=" float:left; line-height:7pt; margin-top:16pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(1)</span> <br/> </div><div style=" margin-top:16pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;"> Mr. Rawlinson served as our PEO for each of the fiscal years presented. For 2024, our non-PEO NEOs included Messrs. Dhingra, Winterhoff, Bach and Bell. For 2023, our non-PEO NEOs included Messrs. Dhingra, Winterhoff, Bach and Bell and Sherry House and for 2022 and 2021, our non-PEO NEOs included Messrs. Bach and Bell and Ms. House.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.12pt;"> </span></div>
Mr. Rawlinson
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(2)</span> <br/> </div><div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
The Peer Group TSR set forth in this table utilizes the 20 largest public companies sharing the same SIC code as us, which is SIC code 3711, “Motor Vehicles and Passenger Car Bodies” (“Motor Vehicles and Passenger Car Bodies Public Company Group”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting July 23, 2021, through the end of the listed year in the Company and in the Motor Vehicles and Passenger Car Bodies Public Company Group, respectively. Historical stock performance is not necessarily indicative of future stock performance.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.12pt;"> </span></div>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(3)</span> <br/> </div><div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
Free Cash Flow is not a financial measure prepared in accordance with GAAP. For information on how we compute these non-GAAP financial measures and a reconciliation to the most directly comparable financial measures prepared in accordance with GAAP, please refer to “Annex B: Reconciliation of Non-GAAP Financial Measures” in this Proxy Statement. </div>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(4)</span> <br/> </div><div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” to our PEO and Non-PEO NEOs in accordance with the Pay Versus Performance Rules in 2024: </div><table style="width:522pt;height:312pt;margin-top:0pt;border-collapse: collapse;border-bottom:0.75pt solid #000000; font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <tr style="line-height:8pt;min-height:39.25pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000; width:9pt;"></td> <td style="background:#000000;padding:0pt 0pt 0.5pt 0pt; width:383.59pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">PEO 2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">Non-PEOs <br/>2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23.25pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-weight:bold;">Summary Compensation Total</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">1,490,490 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">5,869,874 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Stock Award Value Reported in Summary Compensation Table for the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-1">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(4,617,249) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fiscal Year-End Fair Value for Awards Granted in the Covered Year and Outstanding at Fiscal Year-End </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-2">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">4,337,714 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fair Value as of the Vesting Date for Awards Granted in the Covered Year and Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-3">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">220,948 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Change<span style="font-style:normal;"> in Fiscal Year-End Fair Values of Outstanding Unvested Awards Granted from Prior Years </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(3,504,663) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(483,850) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Change</span> in Fair Value as of Vesting Date of Awards Granted from Prior Years that Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(4,453,055) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(516,531) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Fair Value of Awards Forfeited during the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-4">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(912,310) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Fair Value of Incremental Dividends or Earnings Paid on Stock Awards </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Less</span> Aggregate Change in Actuarial Present Value of Benefit Accumulated Benefit Under Pension Plans </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Aggregate Service Cost and Prior Service Cost for Pension Plans </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-9">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-10">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Compensation Actually Paid</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(6,467,228) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">3,898,596</td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:12pt;"></td> </tr> </table>
<div style=" float:left; line-height:7pt; margin-top:5.5pt; margin-bottom:0pt; text-align:left; width:7.21pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:6pt;"> <span style=" position:relative; bottom:2.5pt;font-size:4.5pt;">(4)</span> <br/> </div><div style=" margin-top:5.5pt; margin-bottom:0pt; line-height:7pt; text-align:left; margin-left:7.21pt;font-weight:normal;color:#000000;font-size:6pt;">
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” to our PEO and Non-PEO NEOs in accordance with the Pay Versus Performance Rules in 2024: </div><table style="width:522pt;height:312pt;margin-top:0pt;border-collapse: collapse;border-bottom:0.75pt solid #000000; font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <tr style="line-height:8pt;min-height:39.25pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000; width:9pt;"></td> <td style="background:#000000;padding:0pt 0pt 0.5pt 0pt; width:383.59pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">PEO 2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="padding:0pt;background:#000000; width:6pt;"></td> <td style="background:#000000;padding:7.833pt 0pt 7.667pt 0pt; width:46.71pt;">Non-PEOs <br/>2024<br/>($) </td> <td style="padding:0pt;background:#000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23.25pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-weight:bold;">Summary Compensation Total</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">1,490,490 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8.25pt 0pt 7.38pt 0pt; width:46.71pt;">5,869,874 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Stock Award Value Reported in Summary Compensation Table for the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-1">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(4,617,249) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fiscal Year-End Fair Value for Awards Granted in the Covered Year and Outstanding at Fiscal Year-End </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-2">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">4,337,714 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Plus</span> Fair Value as of the Vesting Date for Awards Granted in the Covered Year and Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-3">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">220,948 </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Change<span style="font-style:normal;"> in Fiscal Year-End Fair Values of Outstanding Unvested Awards Granted from Prior Years </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(3,504,663) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(483,850) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Change</span> in Fair Value as of Vesting Date of Awards Granted from Prior Years that Vested in the Covered Year </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(4,453,055) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;">(516,531) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Less<span style="font-style:normal;"> Fair Value of Awards Forfeited during the Covered Year </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-4">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(912,310) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Fair Value of Incremental Dividends or Earnings Paid on Stock Awards </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:9pt;min-height:32pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:383.59pt;white-space:normal;"> <span style="font-style:italic;">Less</span> Aggregate Change in Actuarial Present Value of Benefit Accumulated Benefit Under Pension Plans </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:7.333pt 0pt 7.047pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:23pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Plus<span style="font-style:normal;"> Aggregate Service Cost and Prior Service Cost for Pension Plans </span></div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-9">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;"><span style="-sec-ix-hidden: hidden-fact-10">—</span></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;white-space:nowrap;text-align:left;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:383.59pt;"> <div style="font-style:italic;">Compensation Actually Paid</div> </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">(6,467,228) </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:6pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:8pt 0pt 7.38pt 0pt; width:46.71pt;">3,898,596</td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:12pt;"></td> </tr> </table>
1490490
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220948
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-483850
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<div style="margin-top:9pt; width:522pt; line-height:12pt;font-size:9pt;">The Company used only the two financial performance measures set forth below to link Compensation Actually Paid to our NEOs for fiscal 2024 to Company performance.<span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.18pt;"> </span></div>
<table style="width:252pt;height:39pt;margin-left:135pt;margin-top:15pt;border-collapse: collapse;border-bottom:0.75pt solid #000000; font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <tr style="line-height:7pt;min-height:19.75pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FEFEFE;font-family:Arial, Helvetica, sans-serif;font-size:7pt;"> <td style="padding:0pt;background:#000000; width:9pt;"></td> <td style="background:#000000;padding:8.5pt 0pt 4.5pt 0pt; width:231pt;"> <div style="white-space:nowrap;">Performance Measures </div> </td> <td style="padding:0pt;background:#000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:16.25pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000;padding:4.75pt 0pt 3.88pt 0pt; width:231pt;">Free Cash Flow </td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; width:12pt;"></td> </tr> <tr style="line-height:8pt;min-height:20pt;white-space:nowrap;text-align:left;vertical-align:top;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Arial, Helvetica, sans-serif;font-size:8pt;"> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:9pt;"></td> <td style="border-bottom:0.75pt solid #000000; ;padding:4.5pt 0pt 3.88pt 0pt; width:231pt;">Gross Margin</td> <td style="padding:0pt;border-bottom:0.75pt solid #000000; ; width:12pt;"></td> </tr> </table>
Free Cash Flow
Gross Margin
<div style="margin-left:36pt;width:253pt;float:left;">
<div style="text-align:center; width:253pt; line-height:11pt;font-weight:bold;">COMPENSATION ACTUALLY PAID VERSUS TOTAL <br/>SHAREHOLDER RETURN<span style="font-weight:normal;font-family:Times New Roman, Times, serif ;letter-spacing:0.16pt;"> </span></div>
<div style="position:relative;margin-top:15pt; text-align:center; width:253pt;">
<img alt="[MISSING IMAGE: lc_cumulativetsr-4c.jpg]" src="lc_cumulativetsr-4c.jpg" style="height: 143px; width: 320px;"/>
</div>
</div>
<div style="margin-left:16pt;width:253pt;float:left;">
<div style="text-align:center; width:253pt; line-height:11.5pt;">
<span style="font-weight:bold;">COMPENSATION ACTUALLY PAID VERSUS NET INCOME</span>
<br/> <span style="font-family:Times New Roman, Times, serif ;letter-spacing:0.16pt;"> </span></div>
<div style="position:relative;margin-top:16.19pt; text-align:center; width:253pt;">
<img alt="[MISSING IMAGE: lc_netincome-4c.jpg]" src="lc_netincome-4c.jpg" style="height: 138px; width: 333px;"/>
</div>
</div>
<div style="margin-left:36pt;width:253pt;float:left;">
<div style="text-align:center; width:253pt; line-height:11pt;font-weight:bold;font-family:Arial, Helvetica, sans-serif;font-size:8pt;">COMPENSATION ACTUALLY PAID VERSUS FREE CASH FLOW<span style="font-weight:normal;"> </span></div>
<div style="position:relative;margin-top:16.19pt; text-align:center; width:253pt;">
<img alt="[MISSING IMAGE: lc_cashflow-4c.jpg]" src="lc_cashflow-4c.jpg" style="height: 138px; width: 332px;"/>
</div>
</div>
<div style="margin-left:16pt;width:253pt;float:left;">
<div style="text-align:center; width:253pt; line-height:11pt;font-weight:bold;font-family:Arial, Helvetica, sans-serif;font-size:8pt;">
<span style="text-transform:uppercase;">Cumulative Total Shareholder Return</span><span style="font-weight:normal;font-family:Times New Roman, Times, serif ;letter-spacing:0.16pt;"> </span>
</div>
<div style="position:relative;margin-top:12.32pt; text-align:center; width:253pt;">
<img alt="[MISSING IMAGE: lc_peergrptsr-4c.jpg]" src="lc_peergrptsr-4c.jpg" style="height: 163px; width: 330px;"/>
</div>
</div>
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