Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 3

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 3
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 of predetermined performance goals or linked 
 to the value of our stock price (83% of 2024 target compensation was “at risk”       
 for our CEO and on average 67% for our other NEOs);                                  |

| • | Linking                                                                                      
 payouts under a large portion of our long-term incentive awards to the Company’s             
 TSR relative to our Industry Peer Group (60% of the 2024 target value of long-term incentive 
 awards for our CEO and 50% on average for our other NEOs); and                               |

| • | Linking                                                                                    
 payouts under our annual incentive awards to the achievement of pre-established financial, 
 safety and operational performance targets (70% weighting) and individual performance      
 criteria for each NEO (30% weighting).                                                     |

The 2024 compensation outcomes for our NEOs were aligned with the Company’s overall performance as evidenced by:

| • | Performance                                                                               
 at 106% of target under the financial, operational and safety metrics component of our    
 2024 Annual Incentive Plan (AIP) reflecting strong operational performance and management 
 execution.                                                                                |

| • | The                                                                                   
 vesting of our 2022-2024 performance share units (“PSUs”) at 145.6% of target,        
 reflecting superior relative TSR performance compared to our 2024 Industry Peer Group 
 due, in part, to realization of the long-term benefits of the Company’s strategic     
 plan.                                                                                 |

The chart below illustrates the proportion of our CEO’s total target compensation that is variable and at risk, demonstrating the Committee’s commitment to performance-based and at-risk compensation, in line with our pay-for-performance philosophy.

| * | Target                                                                                                                                   
 Value includes: annualized 2024 salary of $915,000; target annual incentive of $1,052,250 and target LTI grant of $3,385,500 for a total 
 Target Value of $5,352,750. Target Value excludes our CEO’s final 2024 installment of his 2021 CEO promotion award as further described  
 herein.                                                                                                                                  |

| 2025            
 Proxy Statement | 4 |

The Board, upon the recommendation of the Governance and Nominating Committee, has nominated the following director nominees to stand for election to the Board for a one-year term: JARL BERNTZEN, JENNIFER BUSH, JESSE GARY, ERROL GLASSER, WILHELM VAN JAARSVELD, ANDREW MICHELMORE