Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 60

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 60
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) | In 2024 Messrs. Trenary, Dorah and Kakar received a one-time bonus award for their work to transform the Company’s European manufacturing footprint, exiting a high-cost production facility in Germany and relocating that production to our lower cost, and more competitive, operations in Poland, which was essential for Superior’s long term competitiveness. |

| (2) | The 2024 stock awards value reflects the aggregate grant date fair value of time-based RSUs and performance-based RSUs granted pursuant to Superior’s 2018 Equity Plan to each of the participating NEOs computed in accordance with FASB ASC 718. Assumptions used in the calculation of these amounts are included in Note 16, “Stock-Based Compensation” in Notes to the Consolidated Financial Statements in Item 8, “Financial Statements and Supplementary Data” of the Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 06, 2025. The time-based RSUs were valued at $2.98 per share while performance-based PRSUs based on relative TSR were valued at $3.82 per share using a Monte Carlo simulation performed to account for the market condition and determine an estimated value. |

| (3) | In 2024, Mr. Kakar was not a Named Executive Officer and did not receive an equity-based Long-Term Incentive grant. Instead, Mr. Kakar received a cash-based Long Term Incentive Grant in the amount of $504,411, subject to the same performance conditions as described on page 47 (see “2024 Long Term Equity Incentive Compensation”). Time-Based restricted cash will be reported in the subsequent years when it is paid, and not during the year of grant. The Performance-Based restricted cash award is reported the year of grant because the performance derives from the performance of Superior’s share price, per FASB718 requirements. |

| (4) | The amounts shown generally include matching contributions allocated by Superior to each NEO pursuant to the Savings and Retirement Plan, the value attributable to life insurance premiums paid by Superior on behalf of the NEOs, and a car allowance for each of the NEOs. In 2024, Mr. Trenary retired from active employment with Superior effective September 30, 2024, and entered into a consulting arrangement with the Company. Mr. Trenary received his regular base salary through September 30, 2024. Beginning October 1,