Company: AVD
Filing Date: 2025-05-29
Form Type: DEF 14A
Source: 0000950170-25-079166
Chunk: 62

Company: AMERICAN VANGUARD CORP
Filing Date: 2025-05-29
Form: DEF 14A
Chunk 62
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 net income reflected in the Company’s audited financial statements for the applicable year.

8.The dollar amounts reported in column (i) of Table 1 represent the amount of net sales reflected in the Company’s audited consolidated financial statements for the applicable year.

As described in greater detail in “Executive Compensation – Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our incentive awards are selected based on an objective of incentivizing our named executive officers to increase the value of our enterprise for our shareholders. The most important metrics used by the Company to link executive compensation actually paid to the Company’s named executive officers, for the most recently completed fiscal year, to the Company’s performance are as follows: • Net Sales • Adjusted EBITDA * • Earnings Per Share * Adjusted EBITDA is calculated by taking the sum of net income plus transformation expense, stock compensation expense, depreciation and amortization, proxy costs, interest expenses (net) and the provision for income taxes. Below are graphical depictions of various metrics disclosed above, specifically: cumulative TSR of the Company versus the TSR of the Global Agribusiness Index and three graphs showing the compensation actually paid for the PEO and Non-PEO NEOs versus cumulative TSR of the Company, net income and net sales, respectively, for the years 2020, 2021, 2022, 2023, and 2024. Alphabetical references in the data legends on these charts refer to columns in Table 1 above.

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Cumulative TSR of the Company and Cumulative TSR of the Global Agribusiness Index

Compensation Actually Paid and Company TSR

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Compensation Actually Paid and Net Income

Compensation Actually Paid and Net Sales

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Director Compensation The following table summarizes compensation paid to the non-management members of the Board for the year ended December 31, 2024.

| Name                  
 (a)                   |     | Fees Earned 
 or Paid in  
 Cash        
 ($)         
 (b)         |         |     | Stock  
 Awards 
 ($)    
 (c)    
 (1)    |         |     | Option 
 Awards 
 ($)    
 (d)    |   |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            
 (e)            |   |     | Change in Pension 
 Value and         
 Non-Qual