Company: GHC
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001193125-25-063218
Chunk: 30

Company: Graham Holdings Co
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 30
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 above because the price-based vesting condition was not achieved as of February 1, 2025.(g)See footnote (b) to the Table of “Principal Holders of Stock” on page 12.(h)Includes 3,000 shares of Class B Common Stock held in a family trust. Mr. Rosen disclaims beneficial ownership of the securities held by the trust. In addition to the stock set forth above, Mr. Rosen holds 7,206 shares of Kaplan stock, which represents less than 1% of the total outstanding stock of Kaplan, Inc.(i)Shares are held in a revocable trust.(j)Includes 72,033 shares of Class B Stock, which Directors and executive officers have the right to purchase pursuant to stock options, and shares of restricted stock awarded to executive officers in accordance with the Graham Holdings Company Incentive Compensation Plan.Delinquent Section 16(a) ReportsSection 16(a) of the Securities Exchange Act of 1934 requires the Company’s Directors, officers and persons who own more than 10% of a registered class of the Company’s equity securities to file with SEC initial reports of ownership and reports of changes in ownership of Class B Stock. Based upon information furnished by these persons, we believe that all required filings for 2024 were made in a timely manner, except for a Form 4 filed on behalf of Jacob Maas that was filed one day late on November 8, 2024, to report the acquisition of shares following the achievement of price-based vesting conditions under a restricted stock unit award.14
<div align='center'>**PROPOSAL 2: ADVISORY VOTE TO APPROVE 2024 COMPENSATION AWARDED TO NAMED EXECUTIVE OFFICERS**</div>

**As required by Section 14A of the Securities Exchange Act of 1934 and the corresponding SEC rules, the Company is seeking an advisory, non-binding shareholder vote from its Class A Shareholders with respect to compensation awarded to its named executive officers for 2024. On May 4, 2023, the Company’s Class A Shareholders voted unanimously in favor of an annual, non-binding shareholder advisory vote on executive compensation and, in consideration of the outcome of the frequency vote, the Board determined to hold such advisory vote each year. The Company’s executive compensation program and compensation awarded to its named executive officers are described under the heading “Executive Compensation” in this Proxy Statement. The Compensation Committee oversees the program and compensation awarded