Company: AOS
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001193125-25-037641
Chunk: 31

Company: SMITH A O CORP
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 31
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 — |     |           |  38,375 |

| 1 | Mr. Wheeler, as an employee director, receives no compensation for his service as a director. |

24 A. O. Smith Corporation

Director Compensation

| 2 | Includes amounts earned during 2024, even if deferred. |

| 3 | Reflects the grant date fair value of stock awards calculated in accordance with FASB ASC Topic 718. For a discussion of valuation assumptions, see Note 12 to our 2024 Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Directors receive a stock award of Common Stock as part of their annual retainer. On April 9, 2024, each then serving director except for Mr. Wheeler received a stock award worth $140,064, or 1,626 shares valued at $86.14 per share, which was the adjusted average of the high and low prices on the grant date rounded up to the next whole share. Mr. Brown has deferred his receipt of 72,550 shares until his separation from service as a director. Ms. Holt has deferred her receipt of 8,296 shares until her separation from service as a director. Mr. Larsen has deferred his receipt of 8,296 shares until his separation from service as a director. Deferred stock holdings include dividends on deferred stock which are paid in the form of restricted stock units. |

| 4 | Each director as of December 31, 2024, owned the following aggregate number of shares or restricted stock units in connection with service as a director: Mr. Brown, 72,550; Mr. Fister, 1,626; Ms. Holt, 8,306; Dr. Kadri, 18,849; Mr. Larsen, 19,721; Mr. Mapes, 13,809; Ms. Martin, 1,626; Mr. Rajendra, 9,771 and Mr. Smith, 116,174. Please see the “Security Ownership of Directors and Management” Table for additional information. |

| 5 | None of the directors received perquisites or other personal benefits in an aggregate amount of $10,000 or more. We reimburse directors for transportation, lodging and other expenses actually incurred in attending Board and Committee meetings. |

| 6 | Ms. Wolf did not stand for re-election at the April 2024 Annual Meeting of Stockholders.