Company: THS
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001320695-25-000030
Chunk: 56

Company: TreeHouse Foods, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 56
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 120 | %           |     |    200 |
| r-TSR(2)                   |     | 25th %ile   |    |   |        |     | 50 | 50th %ile |     |             |     |    100 | 100th %ile |     |             |     |    150 |

* Performance below this level results in a zero payout for the performance metric.

(1) To the extent performance falls between two levels in the table above, linear interpolation shall apply in determining the percentage of the PSUs that are earned.

(2) Payouts are capped at 100% of target if our r-TSR is negative and payouts are linearly interpolated for performance between two levels in the table.

In February 2025, the Committee reviewed the performance under each metric against the predetermined goals and certified the achievement of each goal. The ONI metric resulted in actual performance above threshold level for 2022, while actual performance for 2023 was just below target and 2024 was below threshold resulting in zero payout for that portion of the 2022 PSU award. The Cash Flow Pre-Financing metric resulted in actual performance below threshold level for 2022 and 2023, resulting in zero payout for that portion of the award, while actual performance for 2024 was above threshold. Performance over the three-year period resulted in an overall payout of 57.8% for the metrics assigned to each NEO, except Mr. O'Donnell and Mr. Tassani. Mr. O'Donnell became the permanent Executive Vice President, Chief Financial Officer on April 26, 2023, and did not receive a 2022 PSU annual award. Mr Tassani joined the company in February 2024 and did not receive a 2022 PSU annual award.

The table below provides the applicable goals for each metric, the achievement with respect to each metric, and the total earned for each of our eligible NEOs. ONI is also referred to Adjusted Net Income from continuing operations and Cash Flow Pre-Financing is also referred to as Free Cash Flow from continuing operations, which are non-GAAP financial measures. Refer to Appendix A on page 88for a reconciliation to the GAAP financial measure.

| Performance             
 Metric                  |     |      |      |     | Weighting 
       (%) |        Year |     |       | Threshold 
 ($)       |     |       |      |     | Target 
    ($) | Maximum