Company: CF
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001104659-25-027767
Chunk: 77

Company: CF Industries Holdings, Inc.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 77
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 As described above with respect to PRSUs, at the beginning of each year of the PRSUs’ three-year performance period, the compensation and management development committee establishes RONA performance levels for such year. The target grant values set forth in the table above reflect the value of the entire 2024 PRSUs, without regard for when the performance goals are established. Under the applicable accounting rules, the Summary Compensation Table only reflects the value of grants made during the year for which applicable performance goals have been set. With respect to the 2024 PRSUs, only the RONA performance goals for the 2024 fiscal year, the first of three one-year periods, were approved at the time the PRSUs were awarded in 2024. As a result, for the 2024 PRSUs, the Summary Compensation Table does not include the value of the PRSUs based on the annual RONA goals for fiscal 2025 or fiscal 2026. Such amounts will be included as equity compensation in the Summary Compensation Table for fiscal 2025 and fiscal 2026, respectively, when the RONA goals are established. With respect to the 2022 PRSUs and the 2023 PRSUs, the RONA performance goals for the 2024 fiscal year, the third of three one-year periods and the second of three one-year periods, respectively, were also approved in 2024. As a result, the Summary Compensation Table also includes the value of the portion of the 2022 PRSUs and the 2023 PRSUs that is based on the annual RONA goals for the 2024 fiscal year. Vesting and Other Terms of RSUs and PRSUs The RSUs granted to our NEOs in January 2024 will vest in three equal annual installments following the date of grant, subject to earlier forfeiture or accelerated vesting (as described below). The RSUs granted to: (a) Mr. Bohn on February 1, 2024 will all vest on January 3, 2027; (b) Mr. Cameron on June 17, 2024 (i) as a long-term incentive award will vest in three equal installments on the first anniversary of the grant date, on January 3, 2026, and on January 3, 2027, and (ii) as a new-hire award will vest in three equal annual installments following the date of grant; and (c) Mr. Frost