Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 16

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 16
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 director compensation, and reviews market data and benchmarking surveys provided by the consultant. Based upon that information, the Compensation Committee makes a recommendation to the Board. The Board approves the form and amount of compensation after considering the Compensation Committee’s recommendation. In developing its recommendations, the Compensation Committee is guided by the following goals with respect to non-employee director compensation:

| • | compensation should be market-competitive in relation to similarly situated companies, including the Company’s proxy peer group; |

| • | compensation should align directors’ interests with the long-term interests of the Company’s stockholders; and |

| • | the compensation structure should be transparent and easy to understand. |

Compensation Elements The following table describes the elements of our non-employee director compensation program for the 2024-2025 term:

| Element                                                     |     | 2024-2025 
   Amounts 
       ($) |
| Annual Board Cash Retainer                                  |     |   110,000 |
| Annual Board Equity Retainer                                |     |   150,000 |
| Additional Retainer for Chair of the Board                  |     |   125,000 |
| Additional Retainer for Chair of the Audit Committee        |     |    26,000 |
| Additional Retainer for Chair of the Compensation Committee |     |    21,000 |
| Additional Retainer for Chair of Other Committees           |     |    15,000 |

Cash Retainers Each Board member receives an annual cash retainer. The Chair of the Board and each committee chair receives an additional cash retainer. Directors may elect to receive their retainers in shares of restricted stock or restricted stock units (“RSUs”) in lieu of cash, but if any director ceases to serve as a director for any reason during the term, any such elective equity award will be forfeited and the director will receive a pro-rated portion of the annual retainer in cash. Except with respect to elective equity awards in lieu of cash, cash compensation is paid quarterly in arrears. Equity Retainer Each Board member receives an annual equity retainer, which directors may elect to receive in the form of restricted stock or RSUs. Both types of awards vest if the non-employee director remains continuously in service for the entire term to which the grant relates. If the non-employee director incurs a termination for any reason before the end of the term (before the annual meeting of stockholders following the grant), the awards are forfeited. The Board may, in its discretion, waive this