Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 100

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 100
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 forfeiture or accelerated vesting, these awards will vest upon the certification by the compensation and management development committee of the attainment of the performance goals following the end of the applicable three-year performance period. The performance metrics for each of the 2022 PRSUs, the 2023 PRSUs and the 2024 PRSUs are composed of two measures: average return on net assets (“RONA”) over three one-year periods and a modifier pursuant to which the number of shares earned based on RONA performance may be increased or decreased by up to 20% based on our three-year TSR performance. The PRSUs accrue dividend equivalents during the performance and vesting period. Upon vesting, holders of PRSUs will be paid a cash equivalent of the dividends paid on our common stock during the performance and vesting period based on the number of shares of stock, if any, delivered upon the settlement of the PRSUs. Because the grant date for the PRSUs under accounting rules occurs when the applicable performance goals are set, the “target” amount shown represents one-third of the total 2022 PRSUs awarded in 2022 for the performance period 2022-2024, one-third of the total 2023 PRSUs awarded in 2023 for the performance period 2023-2025 and one-third of the total 2024 PRSUs awarded in 2024 for the performance period 2024-2026. See the Summary Compensation Table footnote 2 for further information on the full value of the 2024 PRSU grants. (4) The amounts shown in this column represent the RSUs granted to our named executive officers in 2024. Subject to earlier forfeiture or accelerated vesting, the RSUs vest as follows: (i) all of the RSUs granted on January 3, 2024 will vest in three equal annual installments following the date of grant; (ii) Mr. Cameron’s 12,377 RSUs granted on June 17, 2024 will vest one-third on the first anniversary of the grant date, one third on January 3, 2026, and one third on January 3, 2027; (iii) Mr. Cameron’s 12,893 RSUs granted on June 17, 2024 will vest in three equal annual installments following the date of grant; (iv) Mr. Bohn’s RSUs granted on February 1, 2024 will vest on January