Company: BHE
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0000950170-25-051057
Chunk: 37

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 37
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 Objective Level |     |   | 2022 PSU Performance Goals 
 Revenue                    |     | Operating     
 Income Margin |     | ROIC |        |
|:----------------|:----|:--|:---------------------------|:----|:--------------|:----|:-----|:-------|
| Threshold - 50% |     | $ | 2.527 billion              |     | 4.41%         |     |      | 11.90% |
| Target - 100%   |     | $ | 2.956 billion              |     | 5.00%         |     |      | 14.00% |
| Maximum - 250%  |     | $ | 3.399 billion              |     | 5.59%         |     |      | 16.11% |
| Actual          |     | $ | 2.656 billion              |     | 4.59%         |     |      | 9.87%  |

At its regular first quarter 2025 meeting, the Human Capital and Compensation Committee determined that the performance goals for the 2022 PSU awards were achieved in the aggregate at 43.55% of target and, therefore, shares were approved and issued under such awards.

Other Compensation Practices, Policies and Guidelines

Share Ownership Guidelines

Our Named Executive Officers are subject to a share ownership requirement first implemented in 2008 and recently updated in August 2024. According to that policy and while employed at the Company, within five years of becoming a Section 16 Officer, these officers must retain 20% of each vesting of RSUs until they meet the minimum ownership threshold of qualifying shares having a market value of at least 5x annual base salary for the CEO, 3x annual base salary for the CFO and 2x annual base salary for the other Named Executive Officers. Once the minimum ownership threshold is achieved, the threshold number of shares must be retained, and the officer remains in compliance despite any decrease in the market value of the Common Shares or any increase in base salary. All Named Executive Officers are either currently in compliance with this ownership requirement, or have not been with the Company five years and are progressing toward the required amount.

Hedging, Short Sales and Pledging Policies

Directors and executives are prohibited from pledging, hedging, selling short or otherwise engaging in speculative practices regarding the Company’s securities.

Securities Trading Policy

It is the policy of the Company that it will