Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 124

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 124
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 guarantee that the speed limit will never be exceeded. Like this proposal the rules associated with a speed limit provide consequences if the limit is exceeded. With this proposal the consequences are a non-binding shareholder vote is required for unreasonably rich golden parachutes. This proposal places no limit on long-term equity pay or any other type pay. This proposal thus has no impact on the ability to attract executive talent and does not discourage the use of long-term equity pay because it places no limit on golden parachutes. It simply requires that overly rich golden parachutes be subject to a non-binding shareholder vote at a shareholder meeting already scheduled for other matters. This proposal is relevant because the annual say on executive pay vote does not have a separate section for approving or rejecting golden parachutes. 107 TABLE OF CONTENTS This proposal topic also received between 51% and 65% support at:
FedEx (FDX)
Spirit AeroSystems (SPR)
Alaska Air (ALK)
AbbVie (ABBV)
Fiserv (FISV) Please vote yes:
Shareholder Approval Requirement for Excessive Golden Parachutes — Proposal 4 THE BOARD’S STATEMENT IN OPPOSITION The Board unanimously recommends a vote AGAINST this proposal. The Board has given careful consideration to the shareholder proposal (the “proposal”) and believes that the concerns raised there are more appropriately addressed by our existing executive compensation policies and practices. Adoption of the proposal’s policy would be unduly restrictive and not in the best interests of the company or its shareholders. This proposal would unduly restrict the compensation and management development committee and the Board’s ability to exercise their judgment to tailor the Company’s executive compensation programs to meet the Company’s particular needs at any given time. The Board and its compensation and management development committee, composed entirely of independent directors elected annually to the Board by our shareholders, are best positioned to design and implement executive compensation practices and principles that make sense for our business and that are aligned with the interests of our shareholders. The compensation and management development committee has put considerable thought and care into evaluating and shaping our executive compensation program. In addition, we conduct extensive ongoing outreach and engagement with our shareholders, and their feedback informs our compensation practices and philosophy. The compensation and management development committee and Board believe it is imperative to maintain the flexibility and discretion to structure and provide an overall compensation program that can attract the right leaders in a dynamic, innovative and extremely competitive environment. Moreover, the policy sought by this proposal is overly broad in particular because it would require shareholder approval of equity incentive awards if vest