Company: TR
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001558370-25-003853
Chunk: 23

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 23
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 with respect to the CAP. |

15

| ● | The use of a Company owned apartment by Mrs. Gordon when working at the Company’s headquarters in the amount of $101,513. The amounts included in the table with regard to this item include the costs related to the apartment including real estate taxes, maintenance expenses, utilities, building association fees. |

| ● | The use of Company aircraft by Mrs. Gordon to travel between corporate headquarters and other locations where both executive offices and personal housing are maintained in the amount of $1,678,458 for Mrs. Gordon. See “Compensation Discussion and Analysis-Perquisites” above for a discussion of the reasons why the Company provides these benefits. Although the Board of Directors has approved these expenditures as reasonable business expenses because of the benefits to the Company, such expenditures are considered compensatory perquisites to Mrs. Gordon under an SEC interpretation. These amounts reflect the aggregate incremental cost to the Company of travel between these locations, based on the proportion of hours flown for this travel relative to all hours flown. This calculation of aggregate incremental cost includes the proportionate amount of all operating costs and fixed charges (other than depreciation) such as monthly management fees, pilot charges, fuel, maintenance, insurance and other fees. In 2024 Mrs. Gordon also used Company aircraft for a minimal amount of personal travel, the aggregate incremental cost of which was $80,999, which usage has also been approved by the board of Directors for security and other reasons. |

| ● | With respect to Messrs. Ember, Naylor, Bowen and Green, the cost of providing Company automobiles. With respect to Mrs. Gordon, the cost of an automobile and driver based on all direct costs of maintaining and operating the automobile and the proportionate cost of the portion of an employee’s time used for driving. |

Nonqualified Deferred Compensation as of and for the Fiscal Year Ended December 31, 2024

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 Executive/Plan Name  
 Ellen R. Gordon (4)  | ​ 
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 Executive     
 Contributions 
 in last FY(1) 
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 Company       
 Contributions 
 in last FY(2) 
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 Aggregate  
 Earnings   
 in last FY 
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 Aggregate     
 Withdrawals/  
 Distributions 
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