Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 49

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 49
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 2024. |

| (4) | Represents RSUs that vest annually over three years, beginning on the grant date, if such NEO remains employed by the Company on each annual vesting date. The grant date fair value of each award, which is reported in the “Stock Awards” column of the “Summary Compensation Table,” is equal to the number of shares multiplied by $29.12, the closing price of the Common Stock on the grant date. |

| (5) | Represents PB-TSRs that vest at the end of the three-year performance period, subject to continued employment through the date the Committee certifies performance, based on the ranking of the Company’s TSR relative to the TSR of each of the companies in the Company’s peer group. The grant date fair value of each award, which is reported in the “Stock Awards” column of the “Summary Compensation Table,” is equal to the number of shares granted at target multiplied by $38.33, which was determined using a Monte Carlo simulation based on the probable ranking of the Company’s TSR relative to a group of the Company’s peers, using the closing price of the Common Stock on the grant date. Actual payout may be zero or range from 25% to 200% of the target shares granted. |

| (6) | Amounts shown represent the aggregate grant date fair value of awards granted to the NEOs, as determined in accordance with FASB ASC Topic 718. These grant date fair values represent the accounting expense to be recorded for the award and are not reflective of the actual value that may be recognized by an NEO with respect to the award. The assumptions made by the Company in calculating these amounts are incorporated herein by reference to Note 20 to the Company’s consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. |

| (7) | Mr. Suchinski and Ms. McPheeters did not receive an ACI payout as they separated from the Company prior to the end of the performance period and prior to the payment date. |

Narrative to the Summary Compensation Table For a description of the material terms of Mr. Shanahan’s, Ms. Esteves’, Mr. Brown’s and Mr. Suchinski’s employment agreements and Ms. McPheeters’ separation agreement, please see the section titled “Potential Payments Upon Termination or Change in Control — Employment Agreements” and “Potential Payments Upon Termination or Change in Control — 2024 Separ