Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 35

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 35
---
 NEO               |     | Base Salary 
    on Grant 
        Date 
         ($) |     | Target on Grant Date 
 (Percentage of Base  
 Salary)              
 (%)                  |     |  2024 LTIP 
   Grant(1) 
        ($) |
| Justin Welner     |     |    $465,000 |     | 145%                 |     |   $674,250 |
| Gregg Brown       |     |    $400,000 |     | 100%                 |     |   $400,000 |
| Sean Black        |     |    $425,000 |     | 125%                 |     |   $531,250 |
| Mark J. Suchinski |     |    $625,000 |     | 230%                 |     | $1,437,500 |
| Mindy McPheeters  |     |    $475,000 |     | 145%                 |     |   $688,750 |

| (1) | When the 2024 LTIP awards were granted to the NEOs, the number of Performance-Based Restricted Stock Units granted to each NEO was calculated using the closing price of the Common Stock on the grant date rather than a price determined using a Monte Carlo simulation model based on the probable ranking of the Company’s TSR relative to the TSR of a group of the Company’s peers. The grant date fair value of each NEO’s 2024 award as calculated in accordance with FASB ASC Topic 718, and as reported in the “Summary Compensation Table,” therefore exceeds the target value of each NEO’s LTIP award as provided in this table. For additional information on the awards, see “Summary Compensation Table.” |

Time-Based RSUs In 2024, 50% of the target LTIP award amount was delivered in the form of time-based restricted stock units (“RSUs”) vesting in three equal installments on each of the first, second, and third anniversaries of the grant date (with the exception of Mr. Shanahan and Ms. Esteves who each received 100% of their LTIP award in the form of time-based RSUs). Vesting of the time-based RSUs is subject to the recipient being continually employed by the Company through the vesting date, or alternative vesting arrangements upon death, disability, retirement, or a qualifying termination in connection with a change in control as described under “Potential Payments Upon Termination or Change in Control.” The Compensation Committee grants time-based RSUs