Company: TR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001558370-25-003853
Chunk: 33

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 33
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| ​                     | ​ | Severance |           | ​ | Benefit         |        | ​ | Gross Up   |           |
| Executive             | ​ | Pay(1)    |           | ​ | Continuation(2) |        | ​ | Payment(3) |           |
| Ellen R. Gordon,      | ​ | $         |         — | ​ | $               |      — | ​ | $          |         — |
| G. Howard Ember, Jr., | ​ |           | 5,100,000 | ​ |                 | 63,100 | ​ |            | 1,966,400 |
| Kenneth D. Naylor     | ​ |           |         — | ​ |                 |      — | ​ |            |         — |
| Barry P. Bowen        | ​ |           | 3,278,900 | ​ |                 | 63,100 | ​ |            | 1,394,700 |
| Stephen P. Green      | ​ |           |         — | ​ |                 |      — | ​ |            |         — |

| (1) | Assumes that any bonus paid for 2025 is earned and otherwise payable under the Management Incentive Plan. |

| (2) | Based on Company’s current cost to provide these welfare benefits. |

23

| (3) | Based on a net combined tax rate equal to 64.3% using applicable 2024 tax rates. The total tax gross-up figure does not reflect any reductions that may be taken into account due to the value of the non-competition and non-solicitation agreement under applicable tax rules. |

CEO Pay Ratio As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, the Company is providing information about the relationship of the annual total compensation of its employees and the annual total compensation of the Chief Executive Officer during 2024. The median employee was determined based on total taxable cash earnings, including salary, wages (regular, hourly, overtime, shift differentials), commissions, bonuses and other miscellaneous cash earnings for each of our employees (excluding the Chief Executive Officer). There were no changes to our employee population or compensation plans that would result in a significant change to our pay ratio. The total annual 2024 compensation for such employee was calculated using the same methodology used for the Company’s named executive officers as required to be set forth in the Summary Compensation Table