Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 58

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 58
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 Company in which the Company is not the surviving entity; or |

| • | a transaction that is a sale of all or substantially all of the Company’s assets if all or substantially all the proceeds from such transaction are distributed to the stockholders of the Company; or |

| • | a majority of the members of the Board are replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the Board before the date of appointment or election. |

Ms. Esteves’ Employment Agreement On June 5, 2024, we entered into an employment agreement with Ms. Esteves memorializing the terms of her role as Executive Vice President and Chief Financial Officer. Pursuant to the employment agreement, Ms. Esteves receives an annualized base salary of $700,000. Ms. Esteves was also granted a one-time restricted stock unit award under the LTIP with an aggregate target grant date fair value equal to 330% of her base salary, which vested in full on December 5, 2024. In addition, Ms. Esteves’ employment agreement provides that she is eligible to receive a retention bonus payable in a lump sum amount of $250,000 if she remains employed by Spirit through the earlier of April 1, 2025 or a change in control (as defined in her employment agreement). While Ms. Esteves remains employed with Spirit, she is also entitled to receive: (i) use of temporary housing benefits in Wichita, Kansas provided in accordance with the terms and conditions of the Company’s relocation policy, (ii) use of the Company’s aircraft in accordance with the terms and conditions of the Company’s aircraft policy, and (iii) an automobile allowance provided in accordance with the terms and conditions of the Company’s automobile policy. Ms. Esteves is not eligible for an ACI award. Mr. Brown’s Employment Agreement On January 30, 2024 we entered into an employment agreement with Mr. Brown with respect to his position as Senior Vice President, Quality. Pursuant to the employment agreement, Mr. Brown receives an annualized base salary of $400,000 and a target annual bonus opportunity of 75% of base salary. Mr. Brown is also eligible to participate in the LTIP and other benefit plans offered to senior executives of the Company. Additionally, Mr. Brown received a one-time sign-on grant of RSUs under the LTIP in the amount of $500,000 that vests annually over a period of three years. Mr. Such