Company: CRL
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001104659-25-030908
Chunk: 82

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 82
---
 closing price ($186.16) of our stock on December 27, 2024, the last trading day of the fiscal year 2024, rounded to the nearest whole cent. (2) Represents outstanding PSUs held on December 28, 2024 that remain subject to performance and forfeiture provisions. The number represents the larger of the number of underlying PSUs (1) assuming threshold PSUs are achieved, or (2) if first fiscal year performance of the three-year award has exceeded the threshold, the next highest performance measure (target or maximum). In this chart, 2023 and 2024 performance exceeded threshold levels, and thus the number of PSUs for 2023 and 2024 is the target number of such shares that can be delivered in the future. The one-time PSU grant made to Mr. LaPlume in December 2021 has not yet met the threshold performance level, and thus the PSUs for this grant are the minimum number of such shares that can be delivered in the future. 2023 PSUs granted in 2023 vest on December 27, 2025, and 2024 PSUs granted in 2024 vest on December 26, 2026 and will be paid out in the first calendar quarter of 2026 and 2027, respectively, as unrestricted shares of Charles River common stock after final TSR performance is assessed and payout amounts are approved by the Compensation Committee. PSUs granted in 2022 are not included in this number since they are considered fully vested as of the end of fiscal year 2024, notwithstanding the fact that final payment amounts were approved by the Compensation Committee in the first calendar quarter of 2025. (3) The unexercisable stock options vest on 5/28/2025.

62

(4) One half of the unexercisable stock options vest on each of the following dates: 5/27/2025 and 5/27/2026. (5) The unexercisable stock options vest on 5/02/2025. (6) One third of the unexercisable stock options vest on each of the following dates: 5/26/2025, 5/26/2026 and 5/26/2027. (7) One quarter of the unexercisable stock options vest on each of the following dates: 5/31/2025, 5/31/2026, 5/31