Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 16

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 16
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 an arms-length negotiation at the time an executive is hired or promoted. For purposes of determining 2024 compensation, the Committee, in consultation with its independent executive compensation consultant, made no changes to the compensation peer group. The following companies comprised the Company’s peer group for purposes of determining 2024 target compensation for the Company’s NEOs:

| •                          
 ATI, Inc.                  | •                          
 Koppers Holdings Inc.      | •                        
 Radius Recycling, Inc.   |
| •                          
 Carpenter Technology Corp. | •                          
 Materion Corporation       | •                        
 SunCoke Energy, Inc.     |
| •                          
 Eagle Materials Inc.       | •                          
 Metallus Inc.              | •                        
 Valmont Industries, Inc. |
| •                          
 Gibraltar Industries Inc.  | •                          
 Minerals Technologies Inc. | •                        
 Warrior Met Coal, Inc.   |
| •                          
 Kaiser Aluminum Corp.      | •                          
 Mueller Industries, Inc.   | •                        
 Worthington Steel, Inc.  |

For 2024, the Committee also assessed the Company’s TSR performance against a group of aluminum industry companies listed below (the “Industry Peer Group”) to give more specific insight into the Company’s performance in the context of its specific business climate. The Industry Peer Group is comprised of publicly-listed companies that, like Century, receive a significant portion of their revenue from the production of primary aluminum. Given the commodity-based nature of Century’s business and exposure to market forces outside of management’s control, the Committee has intentionally selected companies for the Industry Peer Group whose results are similarly affected by the market price of primary aluminum.

| 2025            
 Proxy Statement | 31 |

Compensation Discussion and Analysis Although the Company’s peer group described above is an appropriate benchmark for executive compensation at other similarly sized companies, the peer group data does not always provide useful comparisons to other companies that might be experiencing similar business conditions. However, while companies included in the Industry Peer Group compete in the same markets and experience similar business conditions as the Company, they are all substantially larger than the Company in both revenue and market capitalization. To that end, and consistent with the Company’s pay-for-performance philosophy, the Committee primarily uses the Industry Peer Group (along with the Compensation Peer Group) to assess relative performance using TSR when awarding long-term incentive awards. However, the Industry Peer Group is not used to benchmark target pay opportunities. In considering the 2024 Industry Peer Group, the Committee placed a priority on identifying companies that (i) compete in the same markets