Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 22

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 22
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 The Committee noted Management’s strong execution and focus on the financial and operational results above. In particular, the Committee noted the executive team’s successful completion of several highly strategic initiatives during 2024, including the (i) completion of award negotiations with theU.S. Department of Energy for up to $500 million in funding to support construction of a new aluminum smelter, (ii) completion and commissioning of the new Grundartangi casthouse, and (iii) integration of the Jamalco alumina refinery and completion of long-term alumina supply arrangements linked to the price of aluminum. Additionally, the Committee’s took into consideration each NEO’s strategic leadership ability and contributions to Company culture. Based on these results, the Committee assessed the results of the CEO’s Individual Performance Criteria to be 180% of target, and for each other NEO’s Individual Performance Criteria to be between 33% and 170% of target. The Committee determined that these outcomes were reflective of its pay-for performance philosophy, and in the best interest of the Company and its stockholders. When combined with the FOS Metric portion of the 2024 AIP, a Final 2024 AIP Performance Factor was calculated and the Committee approved the 2024 AIP payouts as indicated in the table below.

| Name        |             Target 
               2024 
 AIP Opportunity(a) | Final                 
 2024 AIP              
 Performance Factor(b) |      Final 
       2024 
  AIP Award |
| Mr.         
 Gary        |         $1,052,250 | 122%                  | $1,279,852 |
| Mr.         
 Bialek      |           $321,750 | 78%                   |   $249,453 |
| Mr.         
 Gudlaugsson |           $432,000 | 104%                  |   $447,682 |
| Mr.         
 DeZee       |           $258,000 | 106%                  |   $274,331 |
| Mr.         
 Aboud       |           $182,500 | 119%                  |   $216,500 |

| (a) | Calculated                                                                     
 by multiplying each NEO’s 2024 annualized base salary by their 2024 AIP Target 
 Opportunity.                                                                   |

| (b) | The                                                                                          
 Final 2024 AIP Performance Factor is comprised of the following components: (i) 70% FOS      
 Metric performance which was assessed at 106% of target, and