Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 75

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 75
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            $2,300,000 | ​ |
| ​ | Bert A. Frost       | ​ | ​ |                  16,258 | ​ | ​ | $1,260,000 | ​ | ​ | ​ |            10,839 | ​ | ​ |   $840,000 | ​ | ​ | ​ |            $2,100,000 | ​ |
| ​ | Susan L. Menzel     | ​ | ​ |                  11,613 | ​ | ​ |   $900,000 | ​ | ​ | ​ |             7,742 | ​ | ​ |   $600,000 | ​ | ​ | ​ |            $1,500,000 | ​ |
| ​ | Ashraf K. Malik     | ​ | ​ |                   6,968 | ​ | ​ |   $540,000 | ​ | ​ | ​ |             4,645 | ​ | ​ |   $360,000 | ​ | ​ | ​ |              $900,000 | ​ |

The compensation and management development committee approved dollar-denominated RSU and PRSU awards for each of our individual NEOs. The 2024 total target grant value for our CEO’s long-term incentive awards increased by 7% as compared to 2023 in dollar value and represented approximately the same percentage (67-68%) of the CEO’s target total direct compensation mix as in 2023. On average, the total target grant value for Mr. Bohn, Mr. Frost and Ms. Menzel increased by 26% as compared to 2023 in dollar value and by 3% (to 60%) of the percentage of their target total direct compensation mix. For Mr. Cameron and Mr. Malik, the total target grant value comprised 63% and 48%, respectively, of their target total direct compensation mix in 2024. In setting the dollar-denominated values of the individual awards, the committee considered our Industry Reference Group and the competitive general industry survey data presented by Exequity. The committee also considered the recommendations from our chief executive officer for the long-term incentive awards to each of the NEOs other than himself. These recommendations took into account the chief executive officer’s assessment of each individual’s operating responsibilities, management level, tenure and performance in the position, and potential. On the grant date, the dollar-denominated awards were translated into an actual number of RSUs and PRSUs using the unweighted average of the NYSE closing price for the twenty