Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 96

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 96
---
 Stock and 7,576 non-employee director restricted stock units (“DRSUs”) were granted to the Board of Directors of the Company (the “Board”) with an aggregate grant date fair value of $2.3. Both types of awards vest if the non-employee director remains continuously in service for the entire one-year term to which the grant relates. If the non-employee director incurs a termination for any reason before the end of the term (before the annual meeting of stockholders following the grant), the awards are forfeited. Upon vesting, shares relating to restricted Common Stock awards are delivered to the director free of restriction; however, vested shares of Common Stock underlying DRSUs are not delivered to the director until the date that the director leaves the Board. Values for these awards are based on the value of Common Stock on the grant date.

30

Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

During the six months ended July 3, 2025, 106,660 shares of Holdings Common Stock with an aggregate grant date value of $4.1 vested under the Company’s LTIP. Additionally, 30,590 shares of Common Stock previously granted to the Board vested with an aggregate grant date fair value of $1.0, and 29,592 DRSUs previously awarded to the Board vested with an aggregate grant date fair value of $1.0.The Company maintains the Spirit AeroSystems Holdings, Inc. Employee Stock Purchase Plan (the “ESPP”) which became effective on October 1, 2017 and was amended and restated on February 26, 2024. Under the amended plan, the per-share purchase price for Holdings Common Stock purchased under the ESPP is 85% of the lower of (a) the fair market value of a share on the first day of the applicable offering period or (b) the fair market value of a share on the applicable purchase date.The Company recognized no stock compensation expense related to the ESPP for the three and six months ended July 3, 2025, respectively. The Company recognized $0.5 and $1.2 of stock compensation expense related to the ESPP for the three and six months ended June 27, 2024, respectively.Further purchases under the ESPP after the offering period that closed on September 30, 2024 were suspended pursuant to the Mer