Company: GHC
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001193125-25-063218
Chunk: 49

Company: Graham Holdings Co
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 49
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nessy: |     | age 65                                                                      |
| Cooney:        |     | age 64 (will be eligible for unreduced benefits under the Rule of 90*)      |
| Rosen:         |     | age 64 (is currently eligible for unreduced benefits under the Rule of 90*) |
| Maddrey:       |     | age 65                                                                      |
| Maas:          |     | age 65                                                                      |

* Age plus service is greater than 90, with age at least 55

| Changes in the present value of benefits in 2024 are attributable to The Retirement Plan and the corresponding benefit under the SERP are as follows. Mr. O’Shaughnessy – $51,487 Retirement Plan; Mr. Cooney – $199,627 Retirement Plan; Mr. Maas – $46,406 Retirement Plan; Mr. Rosen – $55,304 Retirement Plan, $419,738 the SERP; and Ms. Maddrey – $139,647 Retirement Plan. The values of accumulated plan benefits were determined using a discount rate of 5.80% (5.60% for SERP) at December 31, 2024, 5.20% (5.10% for SERP) at December 31, 2023, and 5.50% at December 31, 2022, with PRI-2012 Fully Generational Mortality Table for males and females using Scale MP-2021 with a 90% white-collar and 10% blue-collar blend (100% white-collar for Nonqualified benefits) at December 31, 2024, December 31, 2023 and December 31, 2022. In addition, 50% of the benefit accumulated under the relevant qualified Schedules are valued as a lump-sum, and 50% valued as an annuity payable for life. It is also assumed that benefits under the Company Contribution Plan and Secure Retirement Account Schedules will be taken as a lump-sum with a 90% probability and an annuity with a 10% probability. At December 31, 2024, the annuity was converted into a lump-sum value using the 2025 PPA combined unisex mortality for single-sum payments and interest rates of 4.50% for payments in the first 5 years, 4.96% for payments in years 5 through 20 and 5.40% for years thereafter. At December 31,