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Pay vs Performance Disclosure
Unit_pure in Millions

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE DISCLOSURE

In accordance with SEC rules, we prepared the analysis set forth below of the relationship between the compensation actually paid to our CEO and other named executive officers, and certain financial performance measures over the last five fiscal years.

Pay versus Performance Disclosure Table


	Summary Compensation Table Total for CEO ($) 1				Compensation Actually Paid to CEO ($) 2								Value of Initial Fixed $100 Investment Based on:
Year	CEO		Prior CEO		CEO		Prior CEO		Average Summary Compensation Table Total for Non-CEO NEOs 3		Average Compensation Actually Paid to Non-CEO NEOs ($) 4		Total Shareholder Return ($)		Peer Group Total Shareholder Return ($) 5		Net Income (millions) ($)		Earnings before Interest and Taxes (millions)($) 6

2025		$4,960,450		$8,495,829		$4,935,917		$ 8,329,274		$2,487,583		$2,355,013		$133		$190		$546		$725

2024				7,666,172				6,403,781		2,721,631		2,337,627		157		176		534		708

2023				8,348,656				12,789,490		2,541,754		3,125,876		186		150		557		746

2022				6,640,047				180,882		1,691,156		577,901		127		127		236		233

2021				6,897,982				14,651,874		2,094,815		3,447,584		187		135		487		630

The dollar amounts reported in this column are the amounts of total compensation reported for our current chief executive officer, Mr. Shafer, who was promoted to president and chief executive officer on July 1, 2025 (the “CEO”), and Mr. Wheeler, our prior chief executive officer (the “Prior CEO”) for each corresponding year in the “Total” column of the Summary Compensation Table. The dollar amount for 2023 reflects the correction described in footnote 3 to the Summary Compensation Table.

The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to the CEO and Prior CEO, as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual amount of compensation earned by or paid to Messrs. Shafer and Wheeler during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to Messrs. Shafer’s and Wheeler’s total compensation for 2025 to determine the compensation actually paid:


Adjustments to Determine Compensation Actually Paid for CEO—2025	CEO			Prior CEO

Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Non-qualified Deferred Compensation Earnings” Column of the SCT		—			—

Increase for “Service Cost” for Pension Plans		—			—

Deduction for Amounts Reported under the “Stock Awards” Column in the SCT		(2,678,044	)		(3,682,036	)

Deduction for Amounts Reported under the “Option Awards” Column in the SCT		—			—

Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year End		2,717,962			3,758,806

Increase/Deduction for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End		(64,451	)		(127,790	)

Increase/Deduction for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year		—			(115,535	)


Total Adjustments	$	(24,533	)	$	(166,555	)

The dollar amounts reported in this column represent the average of the amounts reported for the company’s named executive officers as a group (excluding the current CEO in 2025 and Prior CEO in 2021-2025) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the named executive officers (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025))

included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Messrs. Lauber, Stern, Cheng and Howe; (ii) for 2024, Messrs. Lauber, Shafer, Stern, O’Brien and Petrarca; (iii) for 2023, Messrs. Lauber, Stern, Petrarca and Warren; (iv) for 2022, Messrs. Lauber, Stern, Petrarca and Warren; and (v) for 2021, Messrs. Lauber, Stern, Petrarca and Warren. In addition, the dollar amounts for 2023 reflect the correction described in footnote 3 to the Summary Compensation Table.

The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the named executive officers as a group (excluding Messrs. Shafer (for 2025) and Wheeler (for 2021-2025)), as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the named executive officers as a group (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025)) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to average total compensation for the named executive officers as a group (excluding Messrs. Shafer and Wheeler) for 2025 to determine the compensation actually paid, using the same methodology described above in Note 2:


Adjustments to Determine Compensation Actually Paid for Non-CEO NEOs	2025

Deduction for Average Change in the Actuarial Present Values reported under the “Change in Pension Value and Non-qualified Deferred Compensation Earnings” Column of the SCT		(130,868	)

Increase for Average “Service Cost” for Pension Plans		47,952

Deduction for Average Amounts Reported under the “Stock Awards” Column of the SCT		(1,247,757	)

Deduction for Average Amounts Reported under the “Option Awards” Column of the SCT		—

Increase for Average Fair Value of Awards Granted during Year that Remain Unvested as of Year End		1,225,510

Increase/Deduction for Average Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End		(14,378	)

Increase/Deduction for Average Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year		(13,029	)


Total Adjustments	$	(132,570	)

5	The peer group used for this purpose is the S&P Select Industrials Index.

We have determined that EBIT is the financial performance measure that, in our assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used to link compensation actually paid to our named executive officers, for the most recently completed fiscal year, to company performance. EBIT is calculated by subtracting our cost of goods sold and operating expenses from revenue before interest and taxes. The EBIT amount for 2023 has been corrected from a miscalculated amount reflected in the corresponding disclosure in the Definitive Proxy Statement on Schedule 14A filed on February 29, 2024.

Company Selected Measure Name

Earnings before Interest and Taxes

Named Executive Officers, Footnote

The names of each of the named executive officers (excluding Messrs. Shafer (in 2025) and Wheeler (in 2021-2025))included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Messrs. Lauber, Stern, Cheng and Howe; (ii) for 2024, Messrs. Lauber, Shafer, Stern, O’Brien and Petrarca; (iii) for 2023, Messrs. Lauber, Stern, Petrarca and Warren; (iv) for 2022, Messrs. Lauber, Stern, Petrarca and Warren; and (v) for 2021, Messrs. Lauber, Stern, Petrarca and Warren.

Peer Group Issuers, Footnote

The peer group used for this purpose is the S&P Select Industrials Index.

Adjustment To PEO Compensation, Footnote

The dollar amounts reported in this column represent the amount of “Compensation Actually Paid” to the CEO and Prior CEO, as computed in accordance with Item 402(v) of Regulation

S-K.

S-K,

the following adjustments were made to Messrs. Shafer’s and Wheeler’s total compensation for 2025 to determine the compensation actually paid:


Adjustments to Determine Compensation Actually Paid for CEO—2025	CEO			Prior CEO

Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Non-qualified Deferred Compensation Earnings” Column of the SCT		—			—

Increase for “Service Cost” for Pension Plans		—			—

Deduction for Amounts Reported under the “Stock Awards” Column in the SCT		(2,678,044	)		(3,682,036	)

Deduction for Amounts Reported under the “Option Awards” Column in the SCT		—			—

Increase for Fair Value of Awards Granted during Year that Remain Unvested as of Year End		2,717,962			3,758,806

Increase/Deduction for Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End		(64,451	)		(127,790	)

Increase/Deduction for Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year		—			(115,535	)


Total Adjustments	$	(24,533	)	$	(166,555	)

Non-PEO NEO Average Total Compensation Amount

$ 2,487,583

$ 2,721,631

$ 2,541,754

$ 1,691,156

$ 2,094,815

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,355,013

2,337,627

3,125,876

577,901

3,447,584

Adjustment to Non-PEO NEO Compensation Footnote

S-K.

S-K,


Adjustments to Determine Compensation Actually Paid for Non-CEO NEOs	2025

Deduction for Average Change in the Actuarial Present Values reported under the “Change in Pension Value and Non-qualified Deferred Compensation Earnings” Column of the SCT		(130,868	)

Increase for Average “Service Cost” for Pension Plans		47,952

Deduction for Average Amounts Reported under the “Stock Awards” Column of the SCT		(1,247,757	)

Deduction for Average Amounts Reported under the “Option Awards” Column of the SCT		—

Increase for Average Fair Value of Awards Granted during Year that Remain Unvested as of Year End		1,225,510

Increase/Deduction for Average Change in Fair Value from prior Year End to current Year End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End		(14,378	)

Increase/Deduction for Average Change in Fair Value from Prior Year End to Vesting Date of Awards Granted Prior to Year that Vested during Year		(13,029	)


Total Adjustments	$	(132,570	)

Compensation Actually Paid vs. Total Shareholder Return

The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s five-year cumulative TSR.

Compensation Actually Paid vs. Net Income

The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s Net Income.

Compensation Actually Paid vs. Company Selected Measure

The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the company’s selected measure, EBIT. The EBIT amount for 2023 has been corrected from a miscalculated amount reflected in the corresponding disclosure in the Definitive Proxy Statement on Schedule 14A filed on February 29, 2024.

Total Shareholder Return Vs Peer Group

The graph below shows a five-year comparison of the cumulative shareholder return on our Common Stock with the cumulative total return of the Standard & Poor’s (S&P) 500 Index, S&P 500 Select Industrials Index, which are published indices.

The following chart provides a graphical representation of the Compensation Actually Paid to our CEO, prior CEO and other named executive officers versus the peer group (S&P Industrials Index) five-year cumulative TSR.