Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 63

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 63
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 same manner as measured for all other participants in the STIP; and (ii) if any STIP benefits are otherwise payable for that plan year, the affected participant will receive a prorated award determined by multiplying the full-year award (if any) that would be payable if the participant had remained employed for the entire plan year by a fraction, the numerator of which is the number of whole or partial months in the plan year through the date of the qualifying retirement and the denominator of which is 12. Payment of such STIP benefit will be made at the same time as payment is made to other participants for that plan year. |

| • | In addition, if the participant entered into a separate agreement with the Company providing that an earned STIP award may be paid in shares of the Company’s common stock instead of cash, then upon a qualifying retirement, the participant will be automatically fully (100%) vested with respect to any shares of Company common stock previously transferred to the participant in payment of a STIP award (but not previously forfeited) so that, immediately prior to the qualifying retirement, such shares of common stock will no longer be subject to any lapse restriction or risk of forfeiture. |

For purposes of the STIP, a “qualifying retirement” is a termination that is a voluntarily termination of employment with the Company or an affiliate (but not a death, discharge, or other involuntary termination of employment) on or after attaining age 55 with at least 10 years of service or, alternatively, on or after attaining age 60 with at least 5 years of service. Pursuant to the provisions of the STIP under the OIP, Messrs. Black, Brown and Welner are entitled to the following payments or benefits upon a qualifying termination in connection with a change in control:

| • | Under the STIP, each participant who incurs a “qualifying termination” will be entitled to a full-year STIP award for that plan year with performance metrics deemed achieved at target, which award will be paid 100% in cash. |

| • | In addition, if the participant entered into a separate agreement with the Company providing that an earned STIP award may be paid in shares of the Company’s common stock instead of cash, then upon a qualifying termination, the participant will be automatically fully (100%) vested with respect to any shares of Company common stock previously transferred to the participant in payment of a STIP award (but not previously forfeited) so that, immediately prior to the qualifying termination, such