Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 26

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 26
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 of Plan-Based Awards table below. Additionally, as noted in “2024 Tax Mitigation Actions” below, this award was accelerated in December 2024 as part of the 2024 Mitigation Actions (subject to clawback).

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TABLE OF CONTENTS

2024 Tax Mitigation Actions To mitigate the potential impact of Sections 280G and 4999 of the Internal Revenue Code on the Company and its executive officers (including the NEOs), the Board or the Compensation Committee, as applicable, approved the following, effective December 4, 2024 for the RSU acceleration, and effective December 26, 2024 for the annual bonus acceleration:

| • | Certain RSUs that had been scheduled to vest during 2025, were accelerated to vest in December 2024. The following grants were accelerated for the NEOs: Mr. Shanahan 272,573 RSUs; Mr. Welner 8,600 RSUs; Mr. Brown 8,014 RSUs; and Mr. Black 7,478 RSUs (collectively the “Accelerated RSUs”). No RSUs were accelerated for Ms. Esteves. Additionally, no RSUs were accelerated for Mr. Suchinski and Ms. McPheeters as they separated from the Company prior to December 2024. |

| • | The 2024 Annual Cash Incentive that would otherwise have been payable in the first quarter of 2025 were paid in part (50% of the target level of performance) in December 2024, with the remainder based on actual performance paid in February 2025. The amount paid in December 2024 and the remaining paid in February 2025 to each NEO (as applicable) is shown in the “Non-Equity Incentive Plan Compensation” column and corresponding footnote to the “Summary Compensation Table” below. |

The accelerated vesting and settlement of the Accelerated RSUs will offset the corresponding payments or amounts each NEO would otherwise have been entitled to receive upon the consummation of the Merger or otherwise in 2025, precluding duplication of payments. In connection with the acceleration of the RSUs, each NEO signed the 280G Acceleration and Clawback Acknowledgement (the “Acknowledgement”), which provides that the NEO’s accelerated payments are subject to certain repayment conditions. Specifically, if an NEO’s employment with the Company or a subsidiary of the Company is terminated other than upon a qualifying termination (as defined in the Acknowledgement) prior to