Company: TR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001558370-25-003853
Chunk: 28

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 28
---
 1,191,157 | ​ | ​            | 1,191,157 | ​ | ​ |                        91 | ​ | ​ |            105 | ​ | ​ |           58,974 | ​ | ​ |        467,427 | ​ | ​            | 12.6% |

| (1) | "Compensation Actually Paid" is the same as the total compensation reported in the Summary Compensation Table because the Company does not have any stock-based compensation or defined benefit plans. |

| (2) | The principal executive officer (PEO) is Ellen R. Gordon. The four other named executive officers (NEOs) are G. Howard Ember, Jr., Kenneth D. Naylor, Barry P. Bowen and Stephen P. Green. There were no changes to the PEO or other NEOs during 2024, 2023, 2022, 2021 or 2020. |

| (3) | For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of the Company for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively. |

| (4) | For the relevant fiscal year, represents the TSR of the Dow Jones US Food Producers group for the measurement periods ending on December 31 of each of 2024, 2023, 2022, 2021 and 2020, respectively. |

| (5) | Excludes deduction for non-controlling interests as per Item 402 of Regulation S-K in the amount of $19,000, $26,000, $45,000, $18,000 and $21,000 in 2024, 2023, 2022, 2021, and 2020, respectively. In addition, as per the terms of the Company’s Management Incentive Plan, 2024 Net Earnings excludes an $11,010,000 non-recurring, non-cash charge related to the write-off of a deferred tax asset. |

Analysis of the Information Presented in the Pay versus Performance Table In accordance with Item 402(v) of Regulation S-K, set forth below is a description of the relationships among the compensation, stock price and financial information presented in the Pay versus Performance table.

18

Compensation Actually Paid and Cumulative TSR The following graph illustrates the amount of compensation actually paid to Mrs. Gordon and the average