Company: EME
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015031
Chunk: 44

Company: EMCOR Group, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 44
---
ovenants included in their severance agreements, which are described in further detail under “Potential Post Employments Payments – Severance Agreements” on page39. |

| (6) | Mr. Nalbandian was not a named executive officer in 2023 or 2022. |

Proportion of 2024 Salaries to Total 2024 Compensation The approximate percentage of each named executive officer’s 2024 salary of his or her total 2024 compensation reported, in each case as reflected within the Summary Compensation Table above, is as follows: Mr. Guzzi, 9%; Ms. Mauricio, 11%; and Mr. Nalbandian, 12%. There can be no assurance that the total compensation amounts reported in the Summary Compensation Table will be realized. CEO Compensation Pay Ratio In accordance with Item 402(u) of Regulation S-K (the “Pay Ratio Rule”), adopted by the Securities and Exchange Commission pursuant to Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, using methodologies and assumptions that we determined to be reasonable and appropriate to fulfill the requirements of the Pay Ratio Rule and the instructions and guidance promulgated by the Securities and Exchange Commission, we made the following determination with respect to the fiscal year beginning January 1, 2024:

| (i) | The median of the annual total compensation of all of our employees, determined as described below and excluding Mr. Guzzi, our Chairman, President and Chief Executive Officer, was approximately $65,828; |

| (ii) | Mr. Guzzi’s annual total compensation for 2024, as shown in the Summary Compensation Table on page30, was $13,959,058; and |

| (iii) | The ratio of Mr. Guzzi’s 2024 annual total compensation was approximately 212.1 times that of our median employee. |

For 2024, we calculated our median employee compensation based upon our calculation for 2023. We believe there has been no significant change during 2024 to our employee population or employee compensation arrangements that would significantly affect the pay ratio disclosure. In 2024, we identified our median employee based upon the amount set forth as “Wages, tips and other compensation” on Form W-2 with respect to all employees who were employed by us or one of our consolidated subsidiaries on December 31, 2023. This determination excluded Mr. Guzzi and approximately 125 employees of subsidiaries acquired by us