Company: AOS
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-037641
Chunk: 53

Company: SMITH A O CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 53
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,499,999 for his annual grant and $1,999,998, for a special grant upon joining the company) and $450,216; Mr. Stern, $510,021 and $153,128; Mr. O’Brien, $330,157 and $98,844 and Mr. Petrarca, $384,845 and $115,454. With respect to the 2024 performance stock grant, the maximum performance level values at the grant date fair value are: Mr. Wheeler, $1,203,755; Mr. Lauber, $309,294; Mr. Shafer, $675,324 Mr. Stern, $229,692; Mr. O’Brien, $148,266 and Mr. Petrarca, $173,181. For a discussion of valuation assumptions, see Note 12 to our 2024 Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. See the Grants of Plan-Based Awards Table for more information on stock awards granted in 2024. |

| 3 | The amounts shown for 2024 reflects the annual incentive bonus for 2024 and performance cash for the period 2022 to 2024, which, respectively, for each named executive officer are as follows: Mr. Wheeler, $966,000 and $1,813,000; Mr. Lauber, $360,000 and $473,000; Mr. Shafer $491,000 and $—; Mr. Stern, $313,000 and $345,000; Mr. O’Brien, $206,000 and $99,000 and Mr. Petrarca, $169,000 and $233,000. Mr. Shafer joined the company in 2024 and was not eligible for a 2022 performance unit award. |

The amounts shown for 2023 in the Summary Compensation Table in last year’s Definitive Proxy Statement on Schedule 14A filed on February 29, 2024 for Mr. Wheeler, Mr. Lauber, Mr. Stern and Mr. Petrarca were overstated due to an error in the calculation of the payout percentage for the performance units for the period 2021 to 2023. The payout percentage was originally calculated as 164.9%, but the correct payout percentage was 136.3%. The amounts shown for 2023 in the table above have been reduced by the following amounts to reflect the amounts ultimately