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From the Howmet proxy statement:
https://materials.proxyvote.com/Approved/443201/20260324/NPS_629128.PDFpage 69
2025 CEO PAY RATIO
Background
Item 402(u) of the SEC’s Regulation S-K requires disclosure of the ratio of the annual total compensation of our
CEO to our median employee’s annual total compensation. The ratio disclosed below is a reasonable estimate
calculated in a manner consistent with Item 402(u).
{snip}
In 2023, we determined the median employee by analyzing base salary and wages (including overtime, shift
premium, etc.) for all active employees (annualized based on full-time or part-time hourly or salaried status for
2023 if employed for less than the full year) in and outside the United States as of December 31, 2023. We then
calculated that median employee’s total compensation for 2025 in accordance with the rules applicable to
disclosure of compensation in the summary compensation table. The total compensation of the median
employee based on this methodology and criteria for 2025 was $63,551.
Mr. Plant’s total compensation for 2025, as reported in the Summary Compensation Table, was $70,547,718.
Therefore, the annual CEO total compensation was approximately 1,110 times that of the median annual total
compensation of all other employees in 2025.
Background
Item 402(u) of the SEC’s Regulation S-K requires disclosure of the ratio of the annual total compensation of our
CEO to our median employee’s annual total compensation. The ratio disclosed below is a reasonable estimate
calculated in a manner consistent with Item 402(u).
{snip}
In 2023, we determined the median employee by analyzing base salary and wages (including overtime, shift
premium, etc.) for all active employees (annualized based on full-time or part-time hourly or salaried status for
2023 if employed for less than the full year) in and outside the United States as of December 31, 2023. We then
calculated that median employee’s total compensation for 2025 in accordance with the rules applicable to
disclosure of compensation in the summary compensation table. The total compensation of the median
employee based on this methodology and criteria for 2025 was $63,551.
Mr. Plant’s total compensation for 2025, as reported in the Summary Compensation Table, was $70,547,718.
Therefore, the annual CEO total compensation was approximately 1,110 times that of the median annual total
compensation of all other employees in 2025.