Company: CRL
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001104659-25-030908
Chunk: 70

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 70
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 | Base Award(as % of TargetAward) * |   |       |   | ​ 
 ​ | ​ 
 ​ | ​ 
 ​ | Final Award Levels 
 rTSRAdjustment     |   |     |   | ​ | ​ | ​ | Final Award(as % of TargetAward) |   |       |   | ​ 
 ​ | ​ 
 ​ |
|:--|:----------------------|--------------------------------------:|:--|:--|:--|:-------------------|:--|------:|:--|:--|:--|:--|:----------------------------------|:--|:------|:--|:--|:--|:--|:----------------------------------|:--|:------|:--|:--|:--|:--|:-------------------|:--|:----|:--|:--|:--|:--|:---------------------------------|:--|:------|:--|:--|:--|
| ​ | ​                     |                                $11.76 | ​ | ​ | ​ | ​                  | $ | 11.12 | ​ | ​ | ​ | ​ | ​                                 | ​ | 94.5% | ​ | ​ | ​ | ​ | ​                                 | ​ | 72.5% | ​ | ​ | ​ | ​ | ​                  | ​ | 65% | ​ | ​ | ​ | ​ | ​                                | ​ | 47.1% | ​ | ​ | ​ |

The 2022 PSUs resulted in a granting of a final award that is 47.1% of the number of shares of stock issued as compared to target. Furthermore, the realized value of these PSUs was less than the intended value on the date of the original grant, due to a 50.4% decrease in share price over the measurement period, aligning with the 10th percentile ranking in rTSR during the measurement period. Our 2023 PSUs had a first-year performance that was above the target level. However, while final award levels will not be determined until the end of fiscal year 2025, if such final awards were determined as of the end of fiscal year 2024, the payout percentage would have been below target due to the rTSR ranking at that time. Benefits and Perquisites The named executives are eligible for certain benefits, such as medical, dental, basic life insurance, and employer contributions to the Company’s defined contribution plans, which