Company: JBI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015724
Chunk: 61

Company: Janus International Group, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 61
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 during 2024, as described above under the heading “Operational and Financial Performance Summary.” After considering the named executive officers’ performance during 2024 and recognizing the importance of retaining the executive leadership team, the Compensation Committee determined that it was appropriate to provide annual bonus payments to the named executive officers, limited to levels well below their target bonus opportunities for the year. Accordingly, Messrs. Jackson, Wong, Hodges, Nettie, and Kahler received cash bonuses for the 2024 fiscal year in the amount of $447,500, $205,031, $163,200, $151,763, and $125,197, respectively. We define Adjusted EBITDA as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items.

| Performance Metric                                 |     | Threshold 
   (75% of 
   Target) |     | Target |     |  Maximum 
 (110% of 
  Target) |     |      Actual 
 Performance |     | Performance as a 
 % of Target      |     | Janus       
 Bonus       
 Program     
 Payout %    
 (Before     
 Discretion) |     | Final    
 Approved 
 Payout   
 (% of    
 Target)  |
| Adjusted EBITDA (millions, except for percentages) |     |    $225.7 |     | $300.9 |     |   $331.0 |     |      $208.5 |     | 69.3%            |     | 0%          |     | 50%      |

Our executives were previously compensated under the Janus Management Incentive Plan, a legacy plan that was only applicable to named executive officers. As of January 1, 2024, all named executive officers were transitioned to the Janus Bonus Program which applies to all bonus-eligible employees. Long Term Equity Incentive Awards The Company maintains the 2021 Omnibus Incentive Plan (the “Omnibus Plan”) to provide for the grant of stock options, stock appreciation rights, shares of restricted stock, restricted stock units, performance awards, cash-based awards and other equity-based awards to eligible directors, officers, and employees in order to attract, retain, and reward such individuals and strengthen the mutuality of interest between such individuals and the Company’s shareholders. Equity Awards Granted to Named Executive Officers The Company has used a variety of long-term equity incentive awards in our executive compensation program, including restricted stock