Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 31

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 31
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 practices, and the Compensation Committee generally targets the median compensation range for our executives. However, we do not use a formulaic approach to determining competitive pay levels and will deviate from that range to address business needs, individual performance, internal pay equity across the executive team, and succession planning. Given the unique nature of the Company’s business, and the lack of true direct competitors in the market, it is challenging to develop a single set of peer companies for purposes of compensation benchmarking. While certain companies conduct business in areas that overlap with ours, many are either much smaller or much larger in scope with limited direct overlap. To address these challenges, beginning in 2022, the Compensation Committee developed both a compensation peer group and a peer group for benchmarking relative TSR performance. Specific factors considered in determining companies for inclusion in these peer groups include:

| •Overall size                   |     | •Similarities in capital intensity      |
| •Scope of operations            |     | •Stock price movement correlation       |
| •Aerospace and defense industry |     | •Industrial operations                  |
| •Overlapping market competitors |     | •Domestic and international revenue mix |
| •Executive talent competitors   |     |                                         |

Based on the above factors, the Compensation Committee approved the following peer groups for 2024:

| Compensation Peer Group |     | Relative TSR Peer Group |     |                     |
| AAR Corp.               |     | A.O. Smith              |     | Northrop Grumman    |
| Curtiss-Wright          |     | AAR Corp.               |     | Oshkosh Corporation |
| Hexcel Corporation      |     | Crane Co                |     | Owens Corning       |
| Howmet Aerospace        |     | Curtiss-Wright          |     | Parker Hannifin     |
| Huntington Ingalls      |     | Eaton Corporation       |     | Parsons Corporation |

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TABLE OF CONTENTS

| Compensation Peer Group      |     | Relative TSR Peer Group |     |                              |
| L3 Harris Technologies       |     | General Dynamics        |     | Pentair plc                  |
| Lennox International Inc.    |     | Hexcel Corporation      |     | Rockwell Automation          |
| Moog Inc.                    |     | Howmet Aerospace        |     | Stanley Black & Decker       |
| Oshkosh Corporation          |     | Hubbell Incorporated    |     | Teledyne Technologies        |
| Owens Corning                |     | Huntington Ingalls      |     |