Company: CRL
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001104659-25-030908
Chunk: 68

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 68
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 time. For the 2024 PSU awards, the TSR comparator group included the companies that make up the S&P500 Health Care group. On February 6, 2024, the Committee approved the following payout schedule for the 2024 PSU award grants made in May 2024. • At the end of the first fiscal year of the performance period, actual non-GAAP EPS will be measured against the target non-GAAP EPS for that fiscal year. The Base Award is calculated from the 53

Target Award along a slope, ranging between a high of 150% (if non-GAAP EPS is 110% or higher than target non-GAAP EPS), or a low of zero (if non-GAAP EPS is less than 90% of target non-GAAP EPS); • At the end of the third fiscal year of the performance period, rTSR performance is measured by comparing the Company’s three-year TSR to the TSR of the selected peer group. This adjusts the Base Award up to +/−35% to establish the Final Award. • Under all circumstances, a non-GAAP EPS performance of below 90% of target in the fiscal year in which the award was granted will result in the PSU award being reduced to zero without the possibility of any upward adjustment. • The absolute maximum number of shares that can be awarded at the end of three years (taking into account all possible adjustments) is 200% of the original target number of shares. For the 2024 grant, at the end of the fiscal year 2024, actual non-GAAP EPS was compared to target 2024 non-GAAP EPS and the Base Award was calculated. The table below shows this calculation, as well as the adjusted minimum and maximum Final Award amounts that may result based on rTSR at the end of the three-year performance period.**

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 rTSR≤30thpercentile 
 ​                   | 2024 PSU GrantBase Award Calculation 
                    TargetNon-GAAPEPS | ​ | ​ | ​ 
 ​ | ​                 
 ActualNon-GAAPEPS | ​ | rTSR =55thpercentile |   | ​ | ​ | ​ 
 ​ | ​                                
 Actual Non-GAAPEPS as %of Target | ​ | rTSR≥75thpercentile |   | ​ | ​ | ​ 
 ​ | ​                               
 Base Award(as % of TargetAward) |   |       |   | ​ 
 ​ | ​ 
 ​