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

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 25
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 established a target LTIP award for each NEO, expressed as a percentage of base salary, as described in the table below. The increases in target LTIP award opportunities for each of our NEOs were driven by changes in the peer group compensation data. The Committee believed these adjustments were appropriate to ensure that our executive compensation structure remained competitive and reflective of industry standards. This increase also acknowledges that the initial target LTIP opportunity for all current NEOs was set conservatively, below the median of the peer group. Despite these adjustments, total 2024 target compensation for each of our NEOs remained below the peer group median, reinforcing the Committee’s commitment to maintaining a responsible compensation approach.

| Named             
 Executive Officer | 2024-2026     
 Target LTIP   
 Opportunity   
 (% of Salary) |
| Mr.               
 Gary              | 370%          |
| Mr.               
 Bialek            | 145%          |
| Mr.               
 Gudlaugsson       | 175%          |
| Mr.               
 DeZee             | 110%          |
| Mr.               
 Aboud             | 95%           |

| 2025            
 Proxy Statement | 38 |

Compensation Discussion and Analysis The table below sets out the 2024-2026 LTIP grants for each NEO at the target performance level. The number of PSUs and TVSUs is determined by the Committee by dividing each NEO’s target LTIP opportunity (expressed as a dollar value) by the Company’s trailing 20-day average closing stock price as of the grant date. Although this approach results in a different number of PSUs and TVSUs granted than would otherwise be achieved by using the grant date fair value, the Committee believes this methodology is appropriate given the (i) significant historical volatility of the Company’s stock, and (ii) immaterial nature of the discrepancies over time between the two approaches.

| Named             
 Executive Officer |     2024-2026 
 LTIP Value(a) |  Number 
 of PSUs |   Number 
 of TVSUs |
| Mr.               
 Gary              |    $4,119,891 | 203,619 |  135,746 |
| Mr.               
 Bialek(b)         |      $873,449 |  35,974 |   35,974 |
| Mr.               
 Gudlaugsson       |    $1,149,998 |  47,364 |   47,364 |
| Mr.               
 DeZ