Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 44

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 44
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 |   797,731 |         |     |               — |         |     |       1,506,599 |           |     |  2,568,811 |

| (1) | Represents 50% of the total cash retention bonus awarded to each NEO (as applicable) that was paid in December 2024. See “Compensation Discussion and Analysis — 2024 Retention Awards.” |

| (2) | Amounts shown represent the aggregate grant date fair value of awards granted to the NEOs during the applicable year, as determined in accordance with FASB ASC Topic 718. These grant date fair values represent the accounting expense to be recorded for the award |

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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. In 2024, each NEO received a Time-Based Restricted Stock Unit award (“RSU”) and, except for Mr. Shanahan and Ms. Esteves, a Performance-Based Restricted Stock Unit award tied to TSR (“PB-TSR”). For each NEO other than Mr. Shanahan and Ms. Esteves, the grant date fair value of the RSU awards equals the number of shares granted, multiplied by $29.12, which was the closing price of the Common Stock on the grant date. Mr. Shanahan was granted RSUs on June 30, 2024, with a grant date fair value of the RSUs awards equal to the number of shares granted, multiplied by $32.87. Ms. Esteves received RSUs for service as a member of the Board prior to her appointment and RSUs in connection with her appointment, which had grant date fair values equal to the number of shares granted, multiplied by $33.02 and $30.97, respectively, which were the closing prices of the Common Stock on the grant date or if the grant date was not a trading day, the closing prices of the Common Stock on the date immediately preceding the grant date. The grant date fair value of the PB-TSRs is equal to the number of shares granted at target multiplied by $38.33, which was determined using a Monte Carlo simulation model based on the probable ranking of the Company’s TSR relative to the TSR of a