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<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.790%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.968%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.968%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.101%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.112%"></td><td style="width:0.1%"></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Fiscal<br/>Year</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Summary</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Compensation</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Table Total for</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">PEO</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Compensation</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Actually Paid to</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">PEO</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Average</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Summary</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Compensation</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Table Total for</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Non-PEO</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">NEOs</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Average</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Compensation</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Actually Paid to</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Non-PEO</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">NEOs</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Value of Initial Fixed $100 Investment Based On:</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Net Income</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(thousands)</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">MIP Incentive</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Pre-tax</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Income</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(thousands)</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(5)</span></div></td></tr><tr style="height:41pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Shareholder</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Return</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Peer Group</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Shareholder</span></div><div style="text-align:right"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Return</span><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:700;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(a)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(b)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(c)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(d)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(e)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(f)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(g)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(h)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#003da5;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(i)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2024</span></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$22,222,769 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$43,640,917 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$7,374,185 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$13,335,528 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #003da5;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$173.94 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$148.60 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$4,474,000 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #003da5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$6,418,494 </span></td><td style="border-top:1pt solid #003da5;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2023</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">20,525,368 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">22,689,097 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,821,116 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">8,086,392 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">143.84 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">129.16 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,498,349 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,495,116 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2022</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">31,802,000 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">48,122,189 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">12,428,451 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">18,345,910 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">123.16 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">116.91 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,282,815 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,617,471 </span></td><td style="border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2021</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">14,541,737 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(12,494,955)</span></td><td style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">5,887,421 </span></td><td style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(4,958,497)</span></td><td style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">108.86 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">106.91 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">90,470 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,953,817 </span></td><td style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr></table></div>
22222769
43640917
7374185
13335528
173.94
148.60
4474000000
6418494000
20525368
22689097
7821116
8086392
143.84
129.16
3498349000
5495116000
31802000
48122189
12428451
18345910
123.16
116.91
3282815000
5617471000
14541737
-12494955
5887421
-4958497
108.86
106.91
90470000
1953817000
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.45pt">The amounts in column (b) are the amounts reported for our Chief Executive Officer, Mr. Herrman, in the “Total” column of the Summary Compensation Table for each applicable fiscal year. The amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding our CEO) in the “Total” column of the Summary Compensation Table for each applicable fiscal year. For FY24, the Non-PEO NEOs included for purposes of calculating the amounts in column (d) and in column (e) are John Klinger, Carol Meyrowitz, Scott Goldenberg, and Douglas Mizzi. For FY21, FY22, and FY23, the Non-PEO NEOs included for purposes of calculating the amounts in column (d) and in column (e) are Scott Goldenberg, Carol Meyrowitz, Richard Sherr, and Kenneth Canestrari.</span>
Mr. Herrman
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.45pt">The amounts in column (c) and column (e) represent the CAP amount to Mr. Herrman, and the average CAP amount to our other NEOs as a group, for each applicable fiscal year, as computed in accordance with Item 402(v) of Regulation S-K. The CAP dollar amount is determined under SEC rules and does not reflect the actual amount of compensation earned by or paid to Mr. Herrman, or our other NEOs as a group, for the applicable year. Refer to the CD&A for a discussion of the quantitative and qualitative factors considered by the Compensation Committee in making decisions with respect to compensation for our NEOs for FY24.</span><div style="margin-bottom:4pt;margin-top:4pt;padding-left:10.8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The valuation assumptions used to calculate the fair values of PSUs, RSUs, and Mr. Herrman’s career shares award include the stock price and accumulated dividends as of the applicable measuring date and, in the case of PSUs, the probable outcome of the performance conditions as of the applicable measuring date (or actual performance results approved by the Compensation Committee as of the applicable vesting date).</span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.45pt">The amounts reported in column (h) represent net income of the Company reported in our Annual Report on Form 10-K for the applicable fiscal year.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.45pt">The amounts reported in column (i) represent MIP Incentive Pre-tax Income: the adjusted pre-tax income performance results under our MIP for the applicable fiscal year or, in the case of FY21, an estimate of adjusted pre-tax income performance results under our MIP had the Compensation Committee established adjusted pre-tax income performance goals for FY21. The Company did not use Incentive Pre-tax Income in its annual MIP program for FY21 but instead established a temporary alternative framework in light of the uncertainty of the COVID-19 pandemic, as discussed in our 2021 proxy statement. MIP Incentive Pre-Tax Income for FY22, FY23, and FY24 reflects the definitions and automatic adjustments pre-established by the Compensation Committee for the applicable fiscal year. Refer to Appendix A for information about how MIP Incentive Pre-tax Income was determined based on total segment profit reported in our Annual Report on Form 10-K for each applicable fiscal year.</span><div style="margin-bottom:4pt;margin-top:4pt;padding-left:10.8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">While the Company uses various performance measures under its executive compensation program, Incentive Pre-tax Income is the primary metric in our annual incentive plan and the multi-year cumulative metric in our long-term cash program, and the Company has determined that MIP Incentive Pre-tax Income represents the most important performance measure used by the Company to link CAP to our NEOs to Company performance for FY24 under SEC rules.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company has designated MIP Incentive Pre-tax Income as the “Company-Selected Measure” for purposes of Item 402(v) of Regulation S-K, and additional information about MIP Incentive Pre-tax Income is shown in column (i) of the table above. For more information on our incentive plan performance measures, including why each measure is used and how each measure is included within our program, refer to </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">FY24 Performance Measures</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> in the CD&A.</span></div>
<div style="margin-bottom:4pt;margin-top:4pt;padding-left:10.8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Under SEC rules, the amounts shown below were deducted and added to total compensation for Mr. Herrman, and to the average total compensation for the other NEOs as a group, to determine the CAP amount for FY24:</span></div><div style="margin-bottom:3pt;padding-left:10.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.844%"><tr><td style="width:1.0%"></td><td style="width:70.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.703%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.438%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Calculation of “Compensation Actually Paid” for FY24</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">PEO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Average for<br/>Non-PEO NEOs</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #003da5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Summary Compensation Table (“SCT”) Total reported in column (b) for PEO and in column (d) for non-PEO NEOs</span></div></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$22,222,769</span></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$7,374,185</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts reported in the “Change in Pension Value” column of the SCT </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(993,435)</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(455,493)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Pension “service cost” </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(ii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> 299,613 </span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> 96,939 </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Pension “prior service cost”</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline"> (iii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">17,486</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">11,058</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts reported in the “Stock Awards” column of the SCT </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iv)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(10,900,088)</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3,350,039)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Fair value (as of year end) of equity awards granted during the year that remain unvested at year end </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(v)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">20,682,978</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,356,719</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Change in fair value (as of vesting date from prior year end) of previously-granted equity awards that vested during the year </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vi)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">35,170</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(96,546)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Change in fair value (as of year end from prior year end) of previously-granted equity awards that remain unvested at year end </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">12,276,424</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,398,705</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">CAP reported in column (c) for PEO and in column (e) for Non-PEO NEOs</span></div></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">43,640,917</span></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,335,528</span></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(i)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.79pt">Reflects the change in the actuarial present value of accumulated benefit obligations under our broad-based pension plan and our SERP for FY24, as reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table. For more information, refer to </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Pension Benefits</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> above.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(ii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.64pt">Reflects the actuarially determined service cost under our broad-based pension plan and our SERP for services rendered by the NEO during FY24, using the same methodology as used for our financial statements in accordance with U.S. GAAP. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.49pt">Reflects the actuarially determined prior service cost, using the same methodology as used for our financial statements in accordance with U.S. GAAP, established under our broad-based pension plan in FY24 to provide for the option of an immediate lump sum payment of actuarially equivalent value for a limited period of time following termination of employment. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iv)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.19pt">Reflects the amounts reported in the “Stock Awards” column of the Summary Compensation Table for FY24.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(v)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.34pt">Reflects the year-end fair value of any PSUs or RSUs granted in FY24 that were outstanding and unvested as of the end of FY24.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vi)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.19pt">Reflects the change in fair value as of the vesting date (from the end of FY23) for PSUs, RSUs, and, for Mr. Herrman, his career shares award, or portions thereof, granted in prior years that vested during FY24. For this purpose, the vesting date of PSUs is the date on which the Compensation Committee certified applicable performance results for the cycle, and the vesting date for RSUs and Mr. Herrman’s career shares award (or applicable portions thereof) is the date on which the applicable service requirement was satisfied, taking into account eligibility for special service retirement as defined in our SIP.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:6.04pt">Reflects the change in fair value as of the end of FY24 (from the end of FY23) for any PSUs, RSUs, and, for Mr. Herrman, his career shares award, or portions thereof, granted before FY24 that were outstanding and unvested as of the end of FY24.</span></div>
<div style="margin-bottom:4pt;margin-top:4pt;padding-left:10.8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Under SEC rules, the amounts shown below were deducted and added to total compensation for Mr. Herrman, and to the average total compensation for the other NEOs as a group, to determine the CAP amount for FY24:</span></div><div style="margin-bottom:3pt;padding-left:10.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.844%"><tr><td style="width:1.0%"></td><td style="width:70.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.703%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.438%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Calculation of “Compensation Actually Paid” for FY24</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">PEO</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#0047ba;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Average for<br/>Non-PEO NEOs</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #003da5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Summary Compensation Table (“SCT”) Total reported in column (b) for PEO and in column (d) for non-PEO NEOs</span></div></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$22,222,769</span></td><td colspan="3" style="border-top:1pt solid #003da5;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$7,374,185</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts reported in the “Change in Pension Value” column of the SCT </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(i)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(993,435)</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(455,493)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Pension “service cost” </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(ii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> 299,613 </span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> 96,939 </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Pension “prior service cost”</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline"> (iii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">17,486</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">11,058</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts reported in the “Stock Awards” column of the SCT </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iv)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(10,900,088)</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3,350,039)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Fair value (as of year end) of equity awards granted during the year that remain unvested at year end </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(v)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">20,682,978</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">6,356,719</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Change in fair value (as of vesting date from prior year end) of previously-granted equity awards that vested during the year </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vi)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">35,170</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(96,546)</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Change in fair value (as of year end from prior year end) of previously-granted equity awards that remain unvested at year end </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vii)</span></div></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">12,276,424</span></td><td colspan="3" style="border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">3,398,705</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">CAP reported in column (c) for PEO and in column (e) for Non-PEO NEOs</span></div></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">43,640,917</span></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-top:0.5pt solid #c6c6c6;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">13,335,528</span></td></tr></table></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(i)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:9.79pt">Reflects the change in the actuarial present value of accumulated benefit obligations under our broad-based pension plan and our SERP for FY24, as reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table. For more information, refer to </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Pension Benefits</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> above.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(ii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.64pt">Reflects the actuarially determined service cost under our broad-based pension plan and our SERP for services rendered by the NEO during FY24, using the same methodology as used for our financial statements in accordance with U.S. GAAP. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.49pt">Reflects the actuarially determined prior service cost, using the same methodology as used for our financial statements in accordance with U.S. GAAP, established under our broad-based pension plan in FY24 to provide for the option of an immediate lump sum payment of actuarially equivalent value for a limited period of time following termination of employment. </span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(iv)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.19pt">Reflects the amounts reported in the “Stock Awards” column of the Summary Compensation Table for FY24.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(v)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.34pt">Reflects the year-end fair value of any PSUs or RSUs granted in FY24 that were outstanding and unvested as of the end of FY24.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vi)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:7.19pt">Reflects the change in fair value as of the vesting date (from the end of FY23) for PSUs, RSUs, and, for Mr. Herrman, his career shares award, or portions thereof, granted in prior years that vested during FY24. For this purpose, the vesting date of PSUs is the date on which the Compensation Committee certified applicable performance results for the cycle, and the vesting date for RSUs and Mr. Herrman’s career shares award (or applicable portions thereof) is the date on which the applicable service requirement was satisfied, taking into account eligibility for special service retirement as defined in our SIP.</span></div><div style="margin-bottom:4pt;margin-top:4pt;padding-left:25.2pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(vii)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:6.04pt">Reflects the change in fair value as of the end of FY24 (from the end of FY23) for any PSUs, RSUs, and, for Mr. Herrman, his career shares award, or portions thereof, granted before FY24 that were outstanding and unvested as of the end of FY24.</span></div>
22222769
7374185
-993435
-455493
299613
96939
17486
11058
-10900088
-3350039
20682978
6356719
35170
-96546
12276424
3398705
43640917
13335528
<span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:4.45pt">The amounts reported in column (f) represent cumulative TSR of the Company under SEC rules from January 31, 2020, the last trading day before the start of FY21, through the last trading day for the applicable fiscal year in the table, assuming reinvestment of dividends. The amounts reported in column (g) represent the peer group TSR under SEC rules from January 31, 2020, the last trading day before the start of FY21, through the last trading day for the applicable fiscal year in the table, assuming reinvestment of dividends and weighted according to the respective companies’ stock market capitalization. The peer group used for this purpose is the Dow Jones U.S. Apparel Retailers Index (DJUSRA), the same peer group used for purposes of Item 201(e) of Regulation S-K. For more information about the peer group used by the Compensation Committee as part of its decision-making process for FY24, refer to </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">The Role of Our Peer Group</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> in the CD&A.</span>
MIP Incentive Pre-tax Income
<div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.568%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #003da5;border-top:1pt solid #003da5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Incentive Pre-tax Income</span></td><td colspan="3" style="border-left:1pt solid #003da5;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #003da5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Incentive EPS</span></td><td colspan="3" style="border-left:1pt solid #003da5;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #003da5;border-left:1pt solid #003da5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Incentive ROIC</span></td><td colspan="3" style="border-left:1pt solid #003da5;padding:0 1pt"></td></tr></table></div>
Incentive Pre-tax Income
Incentive EPS
Incentive ROIC
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">CAP and Cumulative TSR:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> PEO CAP and average NEO CAP varied over the four years presented in the table, while our cumulative TSR increased over this same period. Although we did not use TSR as a financial performance measure within our incentive plans for the years presented in the table, long-term equity incentives under the SIP have been the largest component of total target compensation for our CEO and other NEOs for many years and the value of our long-term equity incentives is designed to align with our TSR performance during each applicable award period.</span></div>
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">CAP and Net Income</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">: PEO CAP and average NEO CAP varied over the four years presented in the table, while our net income increased over this same period. Although net income is a profit measure that is similar to Incentive Pre-tax Income and Incentive EPS, we did not use net income as a financial performance measure within our incentive plans for the years presented in the table. Accordingly, there is not a direct relationship between CAP and our net income.</span></div>
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">CAP and MIP Incentive Pre-tax Income</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">: A portion of PEO CAP and average NEO CAP reflects payouts under our MIP for the applicable fiscal year, including amounts based on MIP Incentive Pre-tax Income for FY24, FY23, and FY22, as discussed in the CD&A and in our 2022 and 2023 proxy statements. Although we used Incentive Pre-tax Income as the primary metric in our annual MIP program for FY24, FY23, and FY22, the primary driver of the variation in PEO CAP and average NEO CAP over the four years presented in the table was changes in equity award values under SEC rules as detailed above. We did not use Incentive Pre-tax Income in our annual MIP program for FY21 but instead established a temporary alternative framework in light of the uncertainty of the pandemic, as discussed in our 2021 proxy statement.</span></div>
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Cumulative TSR of the Company and Cumulative TSR of the Peer Index</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">: For the periods presented in the table, both our cumulative TSR and the cumulative TSR of the Dow Jones U.S. Apparel Retailers Index (DJUSRA) were positive, with our TSR outperforming the TSR of the DJUSRA for each period shown. Although our Compensation Committee continues to monitor our relative TSR performance as discussed in the CD&A, we did not use our TSR performance versus the TSR performance of the DJUSRA as a financial performance measure within our incentive plans for the years presented in the table. For more information about the peer group used by the Compensation Committee as part of its decision-making process for FY24, refer to </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">The Role of Our Peer Group</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> in the CD&A.</span></div>