Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 28

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 28
---
2023 | $1,800,000 | $600,000(d)   | $2,400,000 |
| 20%                    
 vested on July 1, 2024 | $1,200,000 | $400,000(e)   | $1,600,000 |
| Total                  | $6,000,000 | $2,000,000(b) | $8,000,000 |

| (b) | The                                                                                          
 number of TVSUs granted to Mr. Gary pursuant to this award was determined to be 157,536.     
 This number of TVSUs was calculated based on the twenty-day trailing average closing price   
 of the common stock of the Company, as of the grant date, which was determined to be $12.70. 
 The closing price of the Company’s common stock on the grant date was $12.61.                |

| (c) | Represents                                                                               
 78,768 TVSUs (50% of the original number of TVSUs granted) which vested on July 1, 2022. |

| (d) | Represents                                                                               
 47,261 TVSUs (30% of the original number of TVSUs granted) which vested on July 1, 2023. |

| (e) | Represents                                                                               
 31,507 TVSUs (20% of the original number of TVSUs granted) which vested on July 1, 2024. |

Retirement Benefits We maintain a 401(k) Plan for our U.S.-based employees, including our NEOs. The Century Aluminum 401(k) Plan is a tax-qualified retirement savings plan pursuant to which our U.S.-based employees are able to contribute a percentage, up to the limits prescribed by the Internal Revenue Service, of their annual compensation on a pre-tax basis. For our U.S.-based salaried employees, the Company also makes a matching contribution, the level of which is determined based on the employee’s eligibility to receive continued accruals in the Qualified Plan (as described below). We also maintain a non-contributory defined benefit pension plan, which we refer to as our “Qualified Plan.” The Qualified Plan was amended in the fourth quarter of 2014 to eliminate future accruals for participants who were under age 50 as of January 1, 2015, and to close the plan to new participants. Employees who are not eligible for future accruals under the Qualified Plan receive an