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O. Smith Corporation true <div id="txc79196_15" style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="color:#0087c1;display:inline;"><div style="font-weight:bold;display:inline;"><div style="text-decoration:underline;display:inline;">Timing of Awards</div> </div></div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">We generally award long-term incentive grants annually in February, shortly after we release earnings for the prior year, although such timing may change from year to year. The PCC also may consider and approve interim or <div style="white-space:nowrap;display:inline;">mid-year</div> grants, or grants made on another basis, from time to time based on business needs, changing compensation practices or other factors, at the discretion of the PCC. The chief executive officer has the authority to implement midyear equity grants as they relate to senior management employee promotions and new hires to align the employees as quickly as possible to stockholder interests and to make equity adjustments if circumstances warrant. This authority does not include midyear grants for executive officers. Neither the PCC nor the chief executive officer takes into account material nonpublic information in determining the timing and terms of equity-based awards, and we have not timed, nor do we intend to time, the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. </div> We generally award long-term incentive grants annually in February, shortly after we release earnings for the prior year, although such timing may change from year to year. The PCC also may consider and approve interim or <div style="white-space:nowrap;display:inline;">mid-year</div> grants, or grants made on another basis, from time to time based on business needs, changing compensation practices or other factors, at the discretion of the PCC. false Earnings before Interest and Taxes <div id="toc79196_38" style="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">PAY VERSUS PERFORMANCE DISCLOSURE </div></div></div></div><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">In accordance with SEC rules, we prepared the analysis set forth below of the relationship between the compensation actually paid to our CEO and other named executive officers, and certain financial performance measures over the last five fiscal years. </div><div style="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Pay versus Performance Disclosure Table </div></div></div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:97%"></td> <td style="vertical-align:bottom;width:3%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;"> </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:20%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="vertical-align:bottom"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="6" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Summary Compensation<br/> Table Total for CEO ($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">1</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="6" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Compensation Actually Paid<br/> to CEO ($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">2</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="6" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Value of Initial Fixed $100<br/> Investment Based on:</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td colspan="2" style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td> <td style="vertical-align: bottom; padding-bottom: 0.375pt;"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Year</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Prior CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Prior CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average<br/> Summary<br/> Compensation<br/> Table Total for<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-CEO</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 8pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NEOs<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">3</div></div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Average<br/> Compensation<br/> Actually Paid to<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-CEO</div></div></div></div></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 8pt; font-family: ARIAL; text-align: center; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">NEOs ($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">4</div></div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total<br/> Shareholder<br/> Return ($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Peer Group<br/> Total<br/> Shareholder<br/> Return ($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">5</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Net Income<br/> (millions) ($)</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;white-space:nowrap;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;"><div style="-sec-ix-hidden:hidden155875149;display:inline;">Earnings<br/> before<br/> Interest and<br/> Taxes</div><br/> (millions)($)<div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">6</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$4,960,450</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$8,495,829</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$4,935,917</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$ 8,329,274</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,487,583</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,355,013</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$133</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$190</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$546</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$725</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2024</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">7,666,172</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">6,403,781</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,721,631</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,337,627</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">157</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">176</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">534</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">708</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2023</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">8,348,656</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">12,789,490</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,541,754</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,125,876</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">186</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">150</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">557</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">746</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2022</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">6,640,047</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">180,882</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">1,691,156</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">577,901</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">127</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">127</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">236</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">233</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2021</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">6,897,982</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">14,651,874</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,094,815</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,447,584</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">187</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">135</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">487</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">630</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">1</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column are the amounts of total compensation reported for our current chief executive officer, Mr. Shafer, who was promoted to president and chief executive officer on July 1, 2025 (the “CEO”), and Mr. Wheeler, our prior chief executive officer (the “Prior CEO”) for each corresponding year in the “Total” column of the Summary Compensation Table. The dollar amount for 2023 reflects the correction described in footnote 3 to the Summary Compensation Table. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">2</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to the CEO and Prior CEO, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Shafer and Wheeler during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the following adjustments were made to Messrs. Shafer’s and Wheeler’s total compensation for 2025 to determine the compensation actually paid: </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Adjustments to Determine Compensation Actually Paid for CEO—2025</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Prior CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-qualified</div> Deferred Compensation Earnings” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for “Service Cost” for Pension Plans</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Amounts Reported under the “Stock Awards” Column in the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(2,678,044</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(3,682,036</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Amounts Reported under the “Option Awards” Column in the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,717,962</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,758,806</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(64,451</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(127,790</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(115,535</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total Adjustments</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom">$</td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(24,533</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom">$</td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(166,555</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr></table></div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">3</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column represent the average of the amounts reported for the company’s named executive officers as a group (excluding the current CEO in 2025 and Prior CEO in 2021-2025) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the named executive officers (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025)) </div></td></tr></table><div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div><div style="font-family: ARIAL; font-size: 8pt; color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"> </div><div style="margin-top: 1em; margin-bottom: 1em"></div><div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"> </div></div><div style="font-size:24pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:0pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%"> </td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 8pt; text-align: justify; line-height: normal;">included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Messrs. Lauber, Stern, Cheng and Howe; (ii) for 2024, Messrs. Lauber, Shafer, Stern, O’Brien and Petrarca; (iii) for 2023, Messrs. Lauber, Stern, Petrarca and Warren; (iv) for 2022, Messrs. Lauber, Stern, Petrarca and Warren; and (v) for 2021, Messrs. Lauber, Stern, Petrarca and Warren. In addition, the dollar amounts for 2023 reflect the correction described in footnote 3 to the Summary Compensation Table. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">4</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the named executive officers as a group (excluding Messrs. Shafer (for 2025) and Wheeler (for 2021-2025)), as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the named executive officers as a group (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025)) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the following adjustments were made to average total compensation for the named executive officers as a group (excluding Messrs. Shafer and Wheeler) for 2025 to determine the compensation actually paid, using the same methodology described above in Note 2: </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 4pt; font-family: ARIAL; text-align: justify; line-height: normal;">  </div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:3%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Adjustments to Determine Compensation Actually Paid for <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-CEO</div> NEOs</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Change in the Actuarial Present Values reported under the “Change in Pension Value and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-qualified</div> Deferred Compensation Earnings” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(130,868</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Average “Service Cost” for Pension Plans</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">47,952</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Amounts Reported under the “Stock Awards” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,247,757</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Amounts Reported under the “Option Awards” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Average Fair Value of Awards Granted during Year that Remain Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">1,225,510</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Average Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">(14,378</td> <td style="white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Average Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(13,029</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><div style="color:#003e60;display:inline;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:1pt"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom">$<div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"> </div></td> <td style="vertical-align:bottom;text-align:right">(132,570<div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td> <td style="white-space:nowrap;vertical-align:bottom">) <div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"> </div></td></tr></table></div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">5</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The peer group used for this purpose is the S&amp;P Select Industrials Index. </div></td></tr></table><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">6</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">We have determined that EBIT is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to our named executive officers, for the most recently completed fiscal year, to company performance. EBIT is calculated by subtracting our cost of goods sold and operating expenses from revenue before interest and taxes. The EBIT amount for 2023 has been corrected from a miscalculated amount reflected in the corresponding disclosure in the Definitive Proxy Statement on Schedule 14A filed on February 29, 2024. </div></td></tr></table> 4960450 8495829 4935917 8329274 2487583 2355013 133 190 546000000 725000000 7666172 6403781 2721631 2337627 157 176 534000000 708000000 8348656 12789490 2541754 3125876 186 150 557000000 746000000 6640047 180882 1691156 577901 127 127 236000000 233000000 6897982 14651874 2094815 3447584 187 135 487000000 630000000 Mr. Shafer Mr. Wheeler <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">2</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to the CEO and Prior CEO, as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Shafer and Wheeler during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the following adjustments were made to Messrs. Shafer’s and Wheeler’s total compensation for 2025 to determine the compensation actually paid: </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:81%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Adjustments to Determine Compensation Actually Paid for CEO—2025</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td> <td colspan="2" style="padding-bottom:4pt ;BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Prior CEO</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #003e60;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-qualified</div> Deferred Compensation Earnings” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for “Service Cost” for Pension Plans</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Amounts Reported under the “Stock Awards” Column in the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(2,678,044</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(3,682,036</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Amounts Reported under the “Option Awards” Column in the SCT</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">2,717,962</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">3,758,806</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(64,451</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(127,790</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(115,535</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Total Adjustments</div></div></div></div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom">$</td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(24,533</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom">$</td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(166,555</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr></table> 0 0 0 0 -2678044 -3682036 0 0 2717962 3758806 -64451 -127790 0 -115535 -24533 -166555 The names of each of the named executive officers (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025))included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Messrs. Lauber, Stern, Cheng and Howe; (ii) for 2024, Messrs. Lauber, Shafer, Stern, O’Brien and Petrarca; (iii) for 2023, Messrs. Lauber, Stern, Petrarca and Warren; (iv) for 2022, Messrs. Lauber, Stern, Petrarca and Warren; and (v) for 2021, Messrs. Lauber, Stern, Petrarca and Warren. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">4</td> <td style="vertical-align:top;text-align:left"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt; font-family: ARIAL; text-align: justify; line-height: normal;">The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the named executive officers as a group (excluding Messrs. Shafer (for 2025) and Wheeler (for 2021-2025)), as computed in accordance with Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K.</div> The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the named executive officers as a group (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025)) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">S-K,</div> the following adjustments were made to average total compensation for the named executive officers as a group (excluding Messrs. Shafer and Wheeler) for 2025 to determine the compensation actually paid, using the same methodology described above in Note 2: </div></td></tr></table><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 4pt; font-family: ARIAL; text-align: justify; line-height: normal;">  </div><div style="font-size: 2pt; margin-top: 0pt; margin-bottom: 1pt; text-align: left; line-height: normal;"> </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:96%;border-spacing:0;margin-left:auto"> <tr> <td style="width:88%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td style="vertical-align:bottom;width:3%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Adjustments to Determine Compensation Actually Paid for <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-CEO</div> NEOs</div></div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">2025</div></div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Change in the Actuarial Present Values reported under the “Change in Pension Value and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Non-qualified</div> Deferred Compensation Earnings” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(130,868</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Average “Service Cost” for Pension Plans</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">47,952</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Amounts Reported under the “Stock Awards” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(1,247,757</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Deduction for Average Amounts Reported under the “Option Awards” Column of the SCT</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase for Average Fair Value of Awards Granted during Year that Remain Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">1,225,510</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Average Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right">(14,378</td> <td style="white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Increase/Deduction for Average Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year</div></div></div></div></td> <td style="vertical-align:bottom">  </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">(13,029</td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom">) </td></tr> <tr style="font-size:1px"> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td style="vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td> <td> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><div style="color:#003e60;display:inline;"><div style="font-weight:bold;display:inline;">Total Adjustments</div></div></div><div style="font-size:2pt;margin-top:0pt;margin-bottom:1pt"> </div></td> <td style="vertical-align:bottom">  </td> <td style="vertical-align:bottom">$<div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"> </div></td> <td style="vertical-align:bottom;text-align:right">(132,570<div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td> <td style="white-space:nowrap;vertical-align:bottom">) <div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"> </div></td></tr></table> -130868 47952 -1247757 0 1225510 -14378 -13029 -132570 The peer group used for this purpose is the S&amp;P Select Industrials Index. <div style="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><div style="color: rgb(0, 135, 193); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Most Important Performance Measures </div></div></div></div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:4pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:96%"></td> <td style="vertical-align:bottom;width:4%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:4pt"> <td style="vertical-align:bottom;background-color:#003e60"><div style="margin-top: 0pt; margin-bottom: 0pt; font-family: ARIAL; font-size: 4pt; text-align: justify; line-height: normal;">  </div></td> <td style="vertical-align:bottom;background-color:#0087c1">  </td> <td style="vertical-align:bottom;background-color:#0087c1"></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Earnings before Interest and Taxes (EBIT)</div></div></div></div></td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Return on Invested Capital (ROIC)</div></div></div></div></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Net Sales</div></div></div></div></td></tr> <tr style="font-size:1pt;background-color:#eaeaea"> <td style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#eaeaea"> <td style="padding-bottom:4pt ;vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.5em; text-indent: -1em; font-size: 8pt; font-family: ARIAL; line-height: normal;"><div style="color: rgb(0, 62, 96); letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"><div style="font-weight:bolder;display:inline;">Return on Equity</div></div></div></div></td></tr></table> Earnings before Interest and Taxes (EBIT) Return on Invested Capital (ROIC) Net Sales Return on Equity <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The graph below shows a five-year comparison of the cumulative shareholder return on our Common Stock with the cumulative total return of the Standard &amp; Poor’s (S&amp;P) 500 Index, S&amp;P 500 Select Industrials Index, which are published indices. </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g79196g00g72.jpg" style="width:6.31042in;height:3.89958in"/> </div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the peer group (S&amp;P Industrials Index) five-year cumulative TSR. </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g79196g01g74.jpg" style="width:6.31134in;height:3.85369in"/> </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s five-year cumulative TSR. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g79196g00g73.jpg" style="width:6.31134in;height:3.85369in"/> </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s Net Income. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g79196g02g74.jpg" style="width:6.31134in;height:4.03982in"/> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s selected measure, EBIT. The EBIT amount for 2023 has been corrected from a miscalculated amount reflected in the corresponding disclosure in the Definitive Proxy Statement on Schedule 14A filed on February 29, 2024. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div><div style="margin-top:0pt;margin-bottom:0pt;text-align:center"> <img alt="LOGO" src="g79196g00g75.jpg" style="width:6.31134in;height:3.99152in"/> </div>