Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 59

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 59
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inski’s Employment Agreement On January 29, 2020, we entered into an employment agreement with Mr. Suchinski with respect to his position as Senior Vice President and Chief Financial Officer. Pursuant to the employment agreement, Mr. Suchinski received a base salary of $500,000 per year. In addition, Mr. Suchinski was eligible for an ACI equal to 100% of his base salary, and an annual target LTIP award equal to 175% of his base salary. Effective January 26, 2021, after a compensation and performance review, Mr. Suchinski’s base salary increased to $525,000, and his annual target LTIP award increased to 200% of his annual base salary. Effective October 1, 2021, after a compensation and performance review, Mr. Suchinski’s base salary increased to $550,000, and his annual target LTIP award increased to 220% of his annual base salary. 2024 Separation Agreements Mr. Suchinski Mr. Suchinski voluntarily resigned from the Company effective June 14, 2024 and did not receive any cash severance or vesting acceleration in connection with his separation with the Company. Ms. McPheeters On July 23, 2024, we entered into a Separation Agreement and General Release with Ms. McPheeters to set out the terms of her separation from the Company, effective as of July 23, 2024. In consideration of Ms. McPheeters’ release of claims, future cooperation and compliance with certain obligations, including confidentiality, non-competition, non-solicitation and mutual non-disparagement covenants, Ms. McPheeters received separation payments and benefits comprised of the following: (i) a lump sum payment of $495,000, consisting of an amount equivalent to one year of the Ms. McPheeters’ then-current annual base salary of $475,000 and an additional sum of $20,000 to assist with costs associated with continuation of coverage

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pursuant to COBRA, or to use as Ms. McPheeters otherwise sees fit; (ii) a lump sum payment of $297,000 in recognition of 8,250 RSUs that Ms. McPheeters forfeited in accordance with their terms; (iii) a lump sum amount of $688,750 representing the cash value of her anticipated 2025 LTIP award she otherwise would