Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 81

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 81
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. Bohn | ​ | ​ |  $1,000,000 | ​ | ​ | 100%                         | ​ | ​ |  $1,800,000 | ​ | ​ |  $1,200,000 | ​ |
| ​ | Bert A. Frost       | ​ | ​ |    $725,000 | ​ | ​ | 85%                          | ​ | ​ |  $1,260,000 | ​ | ​ |    $840,000 | ​ |
| ​ | Susan L. Menzel(1)  | ​ | ​ |    $700,000 | ​ | ​ | 80%                          | ​ | ​ |    $900,000 | ​ | ​ |    $600,000 | ​ |
| ​ | Ashraf K. Malik     | ​ | ​ |    $570,000 | ​ | ​ | 75%                          | ​ | ​ |    $540,000 | ​ | ​ |    $360,000 | ​ |

(1) In addition to the target long-term incentive award presented in the table above, the compensation and management development committee approved a retention award for Ms. Menzel of $2,500,000, which translated to 28,637 RSUs. All of the RSUs will vest on January 2, 2028. Ms. Menzel’s retention award does not provide for pro rata vesting in the event of her retirement prior to the vesting date. Performance Metrics for Annual Incentive Payments for 2025 The annual incentive awards payable to our NEOs for 2025 will be determined based upon our level of achievement of the following performance metrics: • 60% of each executive’s annual incentive payment opportunity is based upon our level of achievement of adjusted EBITDA for 2025 (the “Adjusted EBITDA Metric”); • 30% of each executive’s annual incentive payment opportunity is based upon our level of achievement of specified goals aligned with the company’s clean energy strategy goals and the optimization of the company’s network to support the implementation of these strategic initiatives (the “Clean Energy & Network Optimization Metric”); • 10% of each executive’s annual incentive payment opportunity is based upon our level of achievement of the completion of safety critical equipment inspections on schedule and timely management of changes, subject to first achieving a gating level of behavioral safety practices goals (the “Process Safety Metric”). Our Adjusted EBITDA Metric, which has been a part of our annual incentive performance