Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 34

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 34
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,215 |     | 286,247 |     | 91%         |
| Mark J. Suchinski(1) |     | 110%         |     |      687,500 |     |       — |     | —           |
| Mindy McPheeters(1)  |     | 80%          |     |      378,800 |     |       — |     | —           |

| (1) | Mr. Suchinski and Ms. McPheeters did not receive a payout of their respective ACIs due to their separation from employment with the Company prior to the end of the performance period and prior to the date of payout. |

Based on Company performance results, the Compensation Committee believes the 2024 ACI payouts to NEOs were appropriate. While ACIs are earned based on performance in the prior year 2024, they are paid in the current. ACI payouts, if any, are reported as 2024 compensation in the “Non-Equity Incentive Plan Compensation” column of the “Summary Compensation Table.” As noted in the “Compensation Discussion and Analysis — 2024 Tax Mitigation Actions” a portion of the payout shown was paid in December 2024, with the remainder paid in February 2025. Long-Term Incentive Long-term incentives are an important tool to promote executive retention and effective alignment of executives’ interests with stockholders’ interests. At the beginning of each year, the Compensation Committee approves the type and amount of grants to each NEO under the Long-Term Incentive Plan (the “LTIP”). Grants are made and priced on the third trading day following the Company’s next earnings release. Beginning in 2022, the LTIP grants were weighted 50% performance-based and 50% time-based, in prior years the weightings were 40% performance-based and 60% time-based. This change was made to increase performance orientation and enhance alignment with stockholder interests. The Compensation Committee set each NEO’s 2024 target LTIP value as provided in the table below, taking into consideration peer group market data and the NEO’s responsibilities, experience, breadth of role, and performance. Mr. Shanahan and Ms. Esteves were granted off-cycle RSUs and are not reflected in the table below. Please see “Grants of Plan-Based Awards” table for details on Mr. Shanahan and Ms. Esteve’s 2024 equity grants.

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