0000882835 2025-01-01 2025-12-31 0000882835 2023-01-01 2023-12-31 0000882835 2024-01-01 2024-12-31 0000882835 2021-01-01 2021-12-31 0000882835 2022-01-01 2022-12-31 0000882835 2 2021-01-01 2021-12-31 0000882835 2 2022-01-01 2022-12-31 0000882835 2 2023-01-01 2023-12-31 0000882835 2 2024-01-01 2024-12-31 0000882835 2 2025-01-01 2025-12-31 0000882835 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000882835 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0000882835 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000882835 rop:SCTStockAwardsColumnValueMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000882835 rop:SCTOptionAwardsColumnValueMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000882835 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000882835 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000882835 rop:SCTStockAwardsColumnValueMember ecd:PeoMember 2025-01-01 2025-12-31 0000882835 rop:SCTOptionAwardsColumnValueMember ecd:PeoMember 2025-01-01 2025-12-31 0000882835 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0000882835 3 2025-01-01 2025-12-31 0000882835 4 2025-01-01 2025-12-31 0000882835 1 2025-01-01 2025-12-31 iso4217:USD DEF 14A false 0000882835 ROPER TECHNOLOGIES, INC. true <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><div style="color:#005cb9;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;">Equity Grant Timing </div></div></div></div><div style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL;text-align:justify">Annual equity grants of performance-based restricted stock or restricted stock units and stock options are awarded to our named executive officers at the regularly scheduled committee meeting in March of each year, to coincide with the timing of annual equity awards made to other equity recipients. As a general matter, the Compensation Committee does not take material nonpublic information into account when determining the timing and terms of stock option awards. The grant timing described above is used to provide for a routine and regular grant practice regarding all employees’ stock options, and in order to make sure that the existence (or lack thereof) of material non-public information is not a factor in decisions about the timing or size of stock option grants. Similarly, the Company has not timed the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. During 2025, the Company did not grant options to any named executive officer during any period beginning four business days before and ending one business day after the filing of any Company periodic report on Form 10-Q or Form 10-K, or the filing or furnishing of any Company Form 8-K that disclosed any material non-public information. </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL;text-align:justify">The exercise price for stock options is set at the market closing price of Roper common stock on the date of grant. From time to time the Compensation Committee may grant additional awards in connection with promotions or increased responsibilities as well as to newly hired employees. </div> Annual equity grants of performance-based restricted stock or restricted stock units and stock options are awarded to our named executive officers at the regularly scheduled committee meeting in March of each year, to coincide with the timing of annual equity awards made to other equity recipients. true As a general matter, the Compensation Committee does not take material nonpublic information into account when determining the timing and terms of stock option awards. false false <div id="toc204543_29" style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify"><div style="color:#005cb9;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style:italic;display:inline;">Pay Versus Performance </div></div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL;text-align:justify">As required by SEC rules, we are providing the following information about the relationship between certain executive compensation and certain financial performance of our Company, illustrating pay versus performance, or PVP. For its Company Selected Measure (“CSM”) and an additional measure to show in this table, the Company has again chosen Adjusted Free Cash Flow and Adjusted EBITDA, respectively. </div> <div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold;text-align:center">PAY VERSUS PERFORMANCE </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:arial; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:14%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:11%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:6%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:7%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:7%"></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:7pt;background-color:#005cb9"> <td rowspan="2" style="vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.43em; font-size:7pt; font-family:arial"><div style="color:#ffffff;display:inline;">Year</div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Summary</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Compensation</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Table Total for</div></div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">PEO</div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">Compensation<br/> Actually Paid<br/> to PEO</div><div style="font-size:4.5pt;color:#ffffff;display:inline;"><div style="font-size:75%; vertical-align:top;display:inline;font-size:3.7px">(1)(4)</div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">Average<br/> Summary<br/> Compensation<br/> Table Total for<br/> <div style="white-space:nowrap;display:inline;">Non-PEO</div><br/> NEOs</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">Average<br/> Compensation<br/> Actually Paid<br/> to <div style="white-space:nowrap;display:inline;">Non-PEO</div><br/> NEOs</div><div style="font-size:4.5pt;color:#ffffff;display:inline;"><div style="font-size:75%; vertical-align:top;display:inline;font-size:3.7px">(2)(4)</div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #ffffff;vertical-align:bottom"> </td> <td colspan="3" style="BORDER-BOTTOM:0.75pt solid #ffffff;vertical-align:bottom"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Value of Initial Fixed $100<br/> Investment Based On:</div></div><div style="font-size:4pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Net<br/> Income</div></div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">$ millions</div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Adjusted<br/> Free<br/> Cash<br/> Flow</div></div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">$ millions</div><div style="font-size:4.5pt;color:#ffffff;display:inline;"><div style="font-size:75%; vertical-align:top;display:inline;font-size:3.7px">(3)</div></div></div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom;text-align:right"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">Adjusted </div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">EBITDA </div></div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:arial;text-align:right"><div style="color:#ffffff;display:inline;">$ millions</div><div style="font-size:4.5pt;color:#ffffff;display:inline;"><div style="font-size:75%; vertical-align:top;display:inline;font-size:3.7px">(3)</div></div><div style="color:#ffffff;display:inline;"> </div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:7pt;background-color:#005cb9"> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">Total<br/> Shareholder<br/> Return</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">S&P<br/> 500 IT</div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:16%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:10%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:5%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:6%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:7%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:7%"></td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.38em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2025</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$26,205,765 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$3,919,379 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$9,744,092 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,897,006 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$106</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$258</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,536</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,466</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$3,143 </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.38em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2024</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$23,686,622 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$14,635,756 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$7,986,994 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$5,748,204 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$123</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$208</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,549</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,282</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,832 </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.38em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$41,295,585 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$58,797,192 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$4,574,182 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$7,665,126 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$129</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$152</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,384</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,962</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,511 </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.38em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$21,893,365 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$8,358,572 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$6,063,861 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$3,431,516 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$101</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$ 97</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$4,545</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,490</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$2,170 </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td> <td colspan="2" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.38em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2021</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$21,532,055 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$34,591,237 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$6,036,612 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$8,448,612 </td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$115</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$135</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,153</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,598</td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right">$1,944 </td></tr></table> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(1)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">The principal executive officer (“PEO”) for each of 2025, 2024, 2023, 2022 and 2021 (each a “Covered Year”) is L. Neil Hunn. </div></td></tr></table> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(2)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">The non-PEO named executive officers (the “other NEOs”) for Covered Years 2021, 2022, and 2023 are Jason P. Conley, Robert C. Crisci and John K. Stipancich. Mr. Conley and Mr. Stipancich are the other NEOs for Covered Years 2024 and 2025. </div></td></tr></table> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(3)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">Adjusted Free Cash Flow and Adjusted EBITDA are presented on a continuing operations basis and an adjusted (non-GAAP) basis. Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures and other related information is available in “Appendix A—Reconciliations, Tables 1 and 2”. </div></td></tr></table> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">Compensation Actually Paid (“CAP”) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (“SCT”) totals as follows: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:SEPARATE; font-family:arial; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#005cb9"> <td style="border-radius:2pt 0pt 0pt 0pt ;vertical-align:bottom"><div style="color:#ffffff;display:inline;"> Item and Value—Added (Deducted)</div></td> <td style="vertical-align:bottom"> </td> <td style="border-radius:0pt 2pt 0pt 0pt ;vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">2025 </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For PEO:</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(17,533,527</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,098,979</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">11,854,915 </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(10,924,232</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(584,563</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For Non-PEO Named Executive Officers (Average):</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,995,658</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(1,743,627</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;"><div style="display:inline;">4,053,838</div> </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(3,048,377</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(113,262</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table> 26205765 3919379 9744092 2897006 106 258

1536000000

2466000000 3143000000 23686622 14635756 7986994 5748204 123 208

1549000000

2282000000 2832000000 41295585 58797192 4574182 7665126 129 152

1384000000

1962000000 2511000000 21893365 8358572 6063861 3431516 101 97

4545000000

1490000000 2170000000 21532055 34591237 6036612 8448612 115 135

1153000000

1598000000 1944000000 L. Neil Hunn The non-PEO named executive officers (the “other NEOs”) for Covered Years 2021, 2022, and 2023 are Jason P. Conley, Robert C. Crisci and John K. Stipancich. Mr. Conley and Mr. Stipancich are the other NEOs for Covered Years 2024 and 2025. Adjusted Free Cash Flow and Adjusted EBITDA are presented on a continuing operations basis and an adjusted (non-GAAP) basis. Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures and other related information is available in “Appendix A—Reconciliations, Tables 1 and 2”. Adjusted Free Cash Flow <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">Compensation Actually Paid (“CAP”) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (“SCT”) totals as follows: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:SEPARATE; font-family:arial; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#005cb9"> <td style="border-radius:2pt 0pt 0pt 0pt ;vertical-align:bottom"><div style="color:#ffffff;display:inline;"> Item and Value—Added (Deducted)</div></td> <td style="vertical-align:bottom"> </td> <td style="border-radius:0pt 2pt 0pt 0pt ;vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">2025 </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For PEO:</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(17,533,527</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,098,979</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">11,854,915 </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(10,924,232</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(584,563</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For Non-PEO Named Executive Officers (Average):</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,995,658</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(1,743,627</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;"><div style="display:inline;">4,053,838</div> </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(3,048,377</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(113,262</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"><div style="font-size:75%; vertical-align:top;display:inline;font-size:6.6px">(4)</div> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">Compensation Actually Paid (“CAP”) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (“SCT”) totals as follows: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:SEPARATE; font-family:arial; font-size:8pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:arial; font-size:8pt;background-color:#005cb9"> <td style="border-radius:2pt 0pt 0pt 0pt ;vertical-align:bottom"><div style="color:#ffffff;display:inline;"> Item and Value—Added (Deducted)</div></td> <td style="vertical-align:bottom"> </td> <td style="border-radius:0pt 2pt 0pt 0pt ;vertical-align:bottom;text-align:right"><div style="color:#ffffff;display:inline;">2025 </div></td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:87%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For PEO:</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(17,533,527</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,098,979</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">11,854,915 </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(10,924,232</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(584,563</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL;font-weight:bold">For Non-PEO Named Executive Officers (Average):</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"></td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Stock Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(5,995,658</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">-SCT “Option Awards” column value</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(1,743,627</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+ Covered Year-end fair value of outstanding equity awards granted in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;"><div style="display:inline;">4,053,838</div> </div></td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt;background-color:#ccdef1"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt;background-color:#ccdef1"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted prior to Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(3,048,377</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="font-size:1pt"> <td style="height:3.75pt"></td> <td colspan="4" style="height:3.75pt"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9.5pt"> <td style="padding-bottom:4pt ;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.53em; font-size:9.5pt; font-family:ARIAL">+/- change in fair value (from prior year-end to vesting date) of equity awards granted prior to Covered Year and vested in Covered Year</div></td> <td style="vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom"> </td> <td style="padding-bottom:4pt ;vertical-align:bottom;text-align:right"><div style="display:inline;">(113,262</div>) </td> <td style="padding-bottom:4pt ;white-space:nowrap;vertical-align:bottom"> </td></tr></table> -17533527 -5098979 11854915 -10924232 -584563 -5995658 -1743627 4053838 -3048377 -113262 <img alt="LOGO" src="g204543g39g39.jpg"/> <div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(1)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">In 2022, the Company’s Net Income included a gain of $3,356 million related to the disposition of discontinued operations, net of tax. </div></td></tr></table><div style="font-size:4pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:ARIAL;text-align:justify">In 2023, the Compensation Actually Paid to the PEO includes $17.8 million earned under the five-year CEO Special Long-Term Cash Incentive, plus $1.33 million in a company matching amount based on his deferral of a portion of such award. </div></td></tr></table> <img alt="LOGO" src="g204543g39g01.jpg"/> <img alt="LOGO" src="g204543g39g01.jpg"/> <img alt="LOGO" src="g204543g40g40.jpg"/> <img alt="LOGO" src="g204543g40g40.jpg"/> <div style="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL;text-align:justify">The following table lists the four financial performance measures that we believe represent the most important financial performance measures we used to link compensation actually paid to our named executive officers for 2025 to our performance: </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt;width:68%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#ccdef1"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL;text-align:center">Adjusted Free Cash Flow</div><div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL;text-align:center">Adjusted EBITDA</div><div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt;background-color:#ccdef1"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL;text-align:center">Adjusted Net Earnings</div><div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:top"><div style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL;text-align:center">Relative Total Shareholder Return</div><div style="font-size:2pt; margin-top:0pt; margin-bottom:1pt;text-align:left"> </div></td></tr></table> Adjusted Free Cash Flow Adjusted EBITDA Adjusted Net Earnings Relative Total Shareholder Return