Company: NEOG
Filing Date: 2025-09-12
Form Type: DEF 14A
Source: 0000950170-25-114381
Chunk: 30

Company: NEOGEN CORP
Filing Date: 2025-09-12
Form: DEF 14A
Chunk 30
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 financial metrics, as well as allowing for recognition of exceptional personal performance; and • Equity-based, long-term incentive compensation, in the form of stock options and restricted stock units, that enables the retention of our executives and align executive interests with those of our shareholders. Other compensation elements include health and welfare benefits plans, such as medical, life insurance and disability coverage, where NEOs receive similar benefits to those provided to all other eligible U.S.-based employees. Commitment to Compensation Best Practices

| What We Do                                                                            | What We Don't Do                                                         |
| •Executive Compensation Philosophy that promotes Alignment with Shareholder interests 
 •Performance Measures Aligned with Business Objectives                                
 •Pay for Performance                                                                  
 •Maintain Share Ownership Requirements                                                
 •Maintain a Recoupment Policy                                                         
 •Maintain Market Competitive Vesting Schedules for Equity Awards                      
 •Require Minimum Vesting Schedules under our Equity Plan                              
 •Engage an Independent Compensation Consultant                                        | •No Excise Tax Gross-Ups                                                 
 •No “Single-Trigger” Change-of-Control Severance Benefits Equity Vesting 
 •No Hedging or Pledging Transactions by Executive Officers               
 •No Evergreen Provisions in Omnibus Incentive Plan                       
 •No Repricing of Stock Options                                           
 •No Liberal Share Recycling under Omnibus Incentive Plan                 
 •No Defined Benefit Plans for Executive Officers                         
 •No Executive Perquisites                                                |

| Neogen Corporation | 2025 Proxy Statement | 30 |

#### Compensation Discussion and Analysis
Engagement of Executive Compensation Consultant In recent years, the Compensation Committee, has engaged Meridian Compensation Partners, LLC (“Meridian”) to provide executive compensation consulting services to the Committee. In early 2025, the Committee elected to make a change in the executive compensation consultant to Farient Advisors, LLC (“Farient”). While Farient may make recommendations on the form and amount of compensation to be paid to our executives, the Compensation Committee makes all decisions regarding the compensation of our CEO, the other NEOs, and senior management. CEO compensation remains subject to the review and approval of the independent directors of the Board. In 2025, The services provided by Farient and Meridian to the Committee, included: • Reviewing and advising on evolving trends in executive compensation; • Advising on pay-for-performance analytics and benchmarking norms related to the compensation of the CEO and the senior management, including the NEOs; • Reviewing our compensation peer group and recommending changes; and • Reviewing our annual incentive and long-term incentive plan design.