Company: CRL
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001104659-25-030908
Chunk: 93

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 93
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 — | ​ | ​ | ​ | ​ | ​     | ​ |  1,576,883 | ​ | ​ | ​ |
| ​ | ​ | Involuntary Termination—Not for Cause or Good Reason Termination | ​ | ​ | ​ | ​             | ​ | 1,124,760 | ​ | ​ | ​ | ​ | ​                                               | ​ | 71,339 | ​ | ​ | ​ | ​ | ​              | ​ |          — | ​ | ​ | ​ | ​ | ​                       | ​ |    725,928 | ​ | ​ | ​ | ​ | ​        | ​ | 75,000 | ​ | ​ | ​ | ​ | ​     | ​ |  1,997,027 | ​ | ​ | ​ |

(1) In these termination situations, unvested awards generally do not accelerate, although as noted above (1) grant agreements allow for accelerated vesting of RSUs and stock options upon the death of the participant and (2) in the event of death, unvested PSUs granted more than 12 months ago will be deemed to have pro rata vested. This column does not reflect the value of any vested awards from the 2022 PSU grants. As described in detail on page 53of this Proxy Statement, grant agreements generally included a full career retirement provision in equity awards that provide for the continued vesting of unvested equity grants for employees who retire after meeting the specified criteria, including a specified notice period. Mr. Foster is retirement eligible and received awards in 2021, 2022, 2023, and 2024 that would qualify for continued post-retirement vesting. (2) Reflects payment for professional outplacement services. (3) Mr. Foster’s calculations omit involuntary termination without cause or good reason and assume the Company provided him with 12 months advance notice prior to termination in accordance with his employment agreement. Severance Payments Following a Change in Control The table below sets forth the amounts payable to each named executive in the event of termination following a change in control, which is based upon the following assumptions: Cash Severance— • A change in control is assumed to have occurred on December 28, 2024 (last day of the fiscal year 2024). However, no change in control actually occurred on the aforementioned date. • Termination occurs on December 28, 2024 (last day of the fiscal year 2024). • We assumed that