Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 18

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 18
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 structure of the compensation should be clearly disclosed to Superior’s stockholders. Our directors (other than Mr. Abulaban and Mr. Guo, who do not receive compensation for their service on the Board) received the following annual compensation for service in 2024, which is paid in cash and time-based restricted stock units (“RSUs”). The Board Chair receives an annual retainer of $150,000 and all other directors receive an annual cash retainer of $70,000. In 2024, non-employee directors received the following additional annual compensation for service as committee members and committee chairs:

| Committee                           |     |   Additional 
    Committee 
   Membership 
 Compensation 
          ($) |     |   Additional 
    Committee 
        Chair 
 Compensation 
          ($) |
| Audit                               |     |       12,000 |     |       20,000 |
| Human Capital and Compensation      |     |        8,000 |     |       15,000 |
| Nominating and Corporate Governance |     |        8,000 |     |       15,000 |

In addition to the annual retainer, an annual grant of RSUs with a target value of $140,000 (calculated using the average closing price of the Company’s stock for the previous 20 trading days) is made on or near the date of each annual meeting of stockholders and vests one year following the grant date. On May 22, 2024, all of our non-employee directors then serving were granted 37,338 RSUs, which had a grant date fair value of $140,000. Non-employee directors do not receive any compensation but are reimbursed for their expenses in attending meetings. No cash fees are payable for attendance at Board or committee meetings. As of December 31, 2024, each then-serving director had 37,338 unvested RSUs, with the exception of Mr. Petito who joined the Board on January 11, 2024 and held 53,542 unvested RSUs and Mr. Guo, who does not receive any compensation or RSUs for his Board service. The Board has adopted an amended and restated stock ownership policy (the “Stock Ownership Policy”) for non-employee directors. The Stock Ownership Policy requires each non-employee director to own shares of Superior’s common stock having a value equal to at least five times the non-employee director’s annual cash retainer, with a five-year period to attain that