Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 41

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 41
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 to 1.5% of base salary; if age-plus vesting service totals at least 60 but less than 80, employees receive a contribution equal to 3% of base salary; and if age-plus vesting service totals 80 or more, employees receive a contribution equal to 4.5% of base salary. These contributions are 25% vested at two years, 50% vested at three years, 75% vested at four years, and 100% vested at five years of vesting service. |
| Deferred Compensation Plan (the “DCP”)  |     | This nonqualified plan allows eligible Company employees, including each of our NEOs (other than Mr. Shanahan and Ms. Esteves), to defer receipt of a portion of their base salary or ACI. In addition, the DCP allows for matching and discretionary contributions by the Company into a separate account in the DCP. Deferred amounts and matching or discretionary Company contributions are credited with a rate of return equal to 120% of the applicable federal long-term rate for October of the prior fiscal year. For 2024, the interest crediting rate is 5.36 %.                                                                                                                                                                                                                                       |
| Perquisite Allowance Plan               |     | The Board approved an amended version of the Company’s Perquisite Allowance Plan (the “Perquisite Plan”) in October 2022. Under the Perquisite Plan, the CEO receives an annual allowance of $25,000, while the other NEOs receive an annual allowance of $13,000. Participants may select the perquisite items to be funded from their allowances in accordance with an exclusive list set forth in the Perquisite Plan. Any portion of a participant’s annual allowance not used by the end of the applicable calendar year is forfeited except upon a qualifying termination in connection with a change in control. See “Potential Payments Upon Termination or Change in Control.”                                                                                                                            |
| Personal Corporate Aircraft Use         |     | For security reasons, the Company’s CEO and CFO are authorized to use the corporate aircraft for a limited amount of personal travel. Mr. Shanahan is authorized to use the corporate aircraft for travel between Wichita, Kansas and Seattle, Washington pursuant to the Company’s corporate aircraft policy, and is authorized to use the aircraft for 70 personal hours annually (not including commuting time). Ms. Esteves is authorized to use the corporate aircraft for travel between Wichita, Kansas and Boston, Massachusetts and Charlottesville, Virgina                                                                                                                                                                                                                                              |

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