Company: AOS
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-037641
Chunk: 61

Company: SMITH A O CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 61
---
                                          |     0 |     |                                            |   174,913 |
| Mark A. Petrarca   |     |                                     |       0 |     |                                       |  17,389 |     |                                |  59,636 |     |                                          | 3,678 |     |                                            |   591,521 |

| 1 | All registrant contributions under the A. O. Smith Non-qualified Deferred Compensation Plan in 2024 are also reported in the “Summary Compensation Table.” |

2025 Proxy Statement 47

Executive Compensation Each executive has an account in the A. O. Smith Non-qualifiedDeferred Compensation Plan, which each year is credited with supplemental company contributions and notional dividend equivalents on restricted stock and restricted stock units. The executive’s account is a bookkeeping entry only. Amounts credited to the executive’s account are credited with gains and losses each month based on the executive’s crediting election. The crediting election is used to designate the investment fund(s) as the basis for calculating the rate of return equivalent for the executive’s account. The investment funds available under the Non-qualifiedDeferred Compensation Plan are similar to those available under our 401(k) plan. There are no above-market or preferential earnings under the Deferred Compensation Plan in 2024. The Non-qualifiedDeferred Compensation Plan also allows executives to defer payment of all or a part of their base salary, annual incentive bonus or restricted stock units to a future date. Deferred amounts are credited to the executive’s account in the Non-qualifiedDeferred Compensation Plan, and gains and losses on the deferred amounts are credited in the same manner as described above for supplemental company contributions and notional dividend equivalents, except that deferrals of restricted stock units are deemed invested in shares of our Common Stock for purposes of determining gains and losses, and dividend equivalents on such restricted stock units are credited in the form of additional restricted stock units. Executives are eligible to receive payment of amounts in their accounts under the Non-qualifiedDeferred Compensation Plan beginning upon termination of employment (six months after termination in the case of the amounts credited to accounts on or after January 1, 2005). They may also elect in-servicedistributions scheduled for a specific date or series of dates. Termination of Employment and Change in Control Arrangements No named executive officer at our company has an individual employment contract for a specific period of time. Rather, all executives serve at the pleasure of the Board. We have a Senior Leadership Severance Plan,