Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 95

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 95
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 Because the grant date for the PRSUs under accounting rules occurs when the applicable performance goals are set and our 2022 PRSUs (awarded in 2022 for the performance period 2022-2024), 2023 PRSUs (awarded in 2023 for the performance period 2023-2025) and 2024 PRSUs (awarded in 2024 for the performance period 2024-2026) are composed of three one-year periods with performance goals set annually, for our named executive officers other than Mr. Cameron, the “target” amount shown in 2024 represents one-third of the total 2022 PRSUs, one-third of the total 2023 PRSUs and one-third of the total 2024 PRSUs. For Mr. Cameron, who joined the company in June 2024, the “target” amount shown in 2024 represents one-third of the total 2024 PRSUs only. In accordance with SEC rules, the aggregate grant date fair value of the PRSUs is calculated based on the probable outcome of the performance conditions as of the grant date, which, for the PRSUs reflected in this table, was target level performance. Therefore, values in the table for PRSU awards are computed as the product of the number of shares of stock to be delivered assuming target level performance multiplied by the grant date fair value of each PRSU (which, for our named executive officers other than Mr. Cameron, is $92.29 for the 2022 PRSUs, $82.04 for the 2023 PRSUs and $86.35 for the 2024 PRSUs, and for Mr. Cameron, is $75.83 for the 2024 PRSUs granted to Mr. Cameron in June 2024). If maximum level performance were assumed to be achieved, based on the units included here (1/3 of the total target number of 2022 PRSUs awarded, 1/3 of the total target number of 2023 PRSUs awarded and 1/3 of the total target number of 2024 PRSUs awarded), then the grant date fair value of the PRSUs with an accounting grant date in 2024 (computed as the product of the number of shares of stock to be delivered assuming maximum level performance multiplied by the closing price for our stock on the NYSE on the grant date (which, for our named executive