Company: EME
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015031
Chunk: 47

Company: EMCOR Group, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 47
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 Capital Goods Index was used as our selected peer group. |

| (6) | Reflects “Net Income” as reported in our audited financial statements included on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021, and 2020. |

| (7) | Adjusted earnings per sharerepresents the Company-Selected Measure, which we believe represents the most important financial performance measure used to link compensation actually paid to our named executive officers to company performance. Adjusted earnings per share is defined commencing on page20under “Annual Incentive Program.” |

32

The following tabular list sets forth the other financial measures which, in our assessment, represent the most important financial performance measures that we use to link compensation actually paid to our named executive officers, for the most recently completed fiscal year, to company performance:

| Metric(1)                             |     | Type of compensation to which metric applies |
| Adjusted earnings per share           |     | Annual Incentive Program                     |
|                                       |     | LTIP Cash Target Bonuses                     |
| Adjusted operating income             |     | Annual Incentive Program                     |
| Adjusted positive operating cash flow |     | Annual Incentive Program                     |

| (1) | The metrics described in this table apply to the compensation of all named executive officers, including the PEO. For a definition of these metrics, please see the Compensation Discussion and Analysis commencing on page17. |

To calculate “compensation actually paid” in the Pay Versus Performance table on page 32, adjustments were made to the amounts of total compensation reported in the Summary Compensation Table on page 30. A reconciliation, showing the adjustments for the PEO as well as the non-PEO named executive officers as a group, is shown below.

| Reconciliation of Compensation                                                                            
 Actually Paid to PEO                                                                                      |     |         2024 |     |         2023 |     |         2022 |     |         2021 |     |         2020 |
| Total compensation per Summary Compensation Table                                                         |     |  $13,959,058 |     |  $11,823,005 |     |  $11,420,501 |     |  $11,024,040 |     |  $10,808,156 |
| Deduct amounts reported under “Stock Awards” in Summary Compensation Table                                |     | $(3,