Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 46

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 46
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uck & Co. and Montgomery Ward & Co., Incorporated. Ms. Menzel holds a bachelor’s degree in business administration and economics from Augustana College. 46

TABLE OF CONTENTS

COMPENSATION DISCUSSION AND ANALYSIS This Compensation Discussion and Analysis discussion provides you with a detailed description of our compensation program for our named executive officers (NEOs) for 2024. It also provides an overview of our compensation philosophy and our policies and programs, which are designed to achieve our compensation objectives. NAMED EXECUTIVE OFFICERS Our NEOs for 2024 were:

| ​ | Name                | ​ | ​ | Title(1)                                                              | ​ |
| ​ | W. Anthony Will     | ​ | ​ | President and Chief Executive Officer                                 | ​ |
| ​ | Gregory D. Cameron  | ​ | ​ | Executive Vice President and Chief Financial Officer(2)               | ​ |
| ​ | Christopher D. Bohn | ​ | ​ | Executive Vice President and Chief Operating Officer(3)               | ​ |
| ​ | Bert A. Frost       | ​ | ​ | Executive Vice President, Sales, Market Development, and Supply Chain | ​ |
| ​ | Susan L. Menzel     | ​ | ​ | Executive Vice President and Chief Administrative Officer             | ​ |
| ​ | Ashraf K. Malik     | ​ | ​ | Senior Vice President, Manufacturing and Distribution                 | ​ |

(1) Represents the NEO’s position as of December 31, 2024. (2) Effective June 17, 2024, Mr. Cameron was appointed Executive Vice President and Chief Financial Officer. (3) Effective February 1, 2024, Mr. Bohn was appointed to serve as the company’s Executive Vice President and Chief Operating Officer. Mr. Bohn served as the company’s Chief Financial Officer from September 2019 until the effective date of Mr. Cameron’s appointment. TABLE OF CONTENTS

| ​ | OVERVIEW OF OUR BUSINESS AND STRATEGY                      | ​ | ​ | ​ | ​ | 48 | ​ | ​ |
| ​ | Business Overview and Corporate Strategy                   | ​ | ​ | ​ | ​ | 48 | ​ | ​ |
| ​ | 2024 Performance Highlights                                | ​ | ​ | ​ | ​ | 50 | ​ | ​ |
| ​ | COMPENSATION PROGRAM OVERVIEW                              | ​ | ​ | ​ | ​ | 53 | ​ | ​ |
| ​ | Compensation Program Highlights                            | ​