Company: JBI
Filing Date: 2025-04-10
Form Type: PRE 14A
Source: 0001140361-25-013248
Chunk: 64

Company: Janus International Group, Inc.
Filing Date: 2025-04-10
Form: PRE 14A
Chunk 64
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 achievement of those performance metrics. The number of the PSUs vesting (if any) may range from 0% to 200% of the grantee’s target number of PSUs, depending on the level of performance achieved. Settlement of 2022-2024 PSUs. In fiscal 2022, the Compensation Committee granted PSUs to our named executive officers (other than Mr. Kahler). The number of PSUs ultimately earned (if any) could range between 0% and 200% of the target number of PSUs, based on the Company’s cumulative Adjusted EBITDA (as a percentage of budgeted Adjusted EBITDA) for the three fiscal year performance period beginning on January 2, 2022 and ending on December 28, 2024, subject to the grantee’s continued employment through the date that performance achievement is certified. The number of PSUs (if any) earned is determined using straight-line interpolation for achievement of cumulative Adjusted EBITDA between 90% and 110% of the budgeted Adjusted EBITDA target. In the first quarter of 2025, the Compensation Committee certified the Company’s performance relative to the performance goals established for the 2022-2024 PSUs awarded to Messrs. Jackson, Wong, Hodges and Nettie in 2022. As shown in the table below, based on the Company’s cumulative Adjusted EBITDA for the fiscal 2022-2024 performance period, the PSUs granted in 2022 were earned at the maximum level (200% of target).

| Performance Metric                                           |     | Threshold 
   (90% of 
  Budgeted 
  Adjusted 
   EBITDA) |     |   Target 
 (100% of 
 Budgeted 
 Adjusted 
  EBITDA) |     |  Maximum 
 (110% of 
 Budgeted 
 Adjusted 
  EBITDA) |     |     Actual 
 Cumulative 
   Adjusted 
     EBITDA 
        ($) |     | Actual        
 Cumulative    
 Adjusted      
 EBITDA        
 (% of Target) |     | Payout          
 Percentage      
 (% of Target #  
 of PSUs Earned) |
| Cumulative Adjusted EBITDA (millions, except percentages)(1) |     |    $566.3 |     |   $629.3 |     |   $692.2 |     |     $722.5 |     | 115