Pay Versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (CAP) and certain financial performance of the Company. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, please read "Compensation Discussion and Analysis"..

										Value of Initial fixed $100 investment based on:
	Summary Compensation Total Table for PEO		Compensation Actually Paid to PEO		Average Summary Compensation Table Total for Non-PEO NEO		Average Compensation Actually Paid to Non- PEO NEOs		Total Shareholder Return (TSR)		Peer Group Total Shareholder Return		Net Income ($ millions)		Company Selected Measure (CSM) - Constant Currency Adjusted Earnings per Share
Year		($) (1)		(2)		(3)		(4)		(5)		(6)		(7)		(8)
(a)		(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)
2023	$	13,816,268	$	16,275,105	$	4,509,404	$	5,434,412	$	64.41	$	139.05	$	279.7	$	7.45
2022	$	13,817,351	$	11,540,240	$	4,511,334	$	3,949,725	$	59.90	$	117.58	$	231.0	$	7.23
2021	$	11,680,872	$	8,155,437	$	3,910,371	$	822,983	$	75.63	$	135.32	$	70.7	$	3.66
2020	$	10,533,666	$	10,336,215	$	6,267,505	$	8,741,455	$	91.98	$	132.61	$	(3.3)	$	2.89

	(1)	The dollar amounts reported in column (b) are the amounts reported for Mr. Brown, our CEO (referred to in the table and related information as the “PEO” or principal executive officer), for each corresponding year in the Total column of the Summary Compensation Table in each applicable year.
	(2)	The dollar amounts reported in column (c) represent the amount of “compensation actually paid to Mr. Brown, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation realized or received by Mr. Brown. In accordance with these rules, these amounts reflect Total compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

	(3)	The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Brown in the Total column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: Rick L. Weller, Nikos Fountas, Kevin J. Caponecchi, and Juan C. Bianchi.
	(4)	The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to NEOs as a group (excluding Mr. Brown), as computed in accordance with item 402(v) of Regulation S-K and do not reflect the total compensation realized or received by such persons.

	(5)	Cumulative TSR is calculated by dividing the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is the closing price on December 31, 2019
	(6)	The peer group used for calculating Peer Group Total Shareholder Return is the same peer group used by the Company for benchmarking compensation.
	(7)	The amounts reported are from the Company’s audited financial statements for the applicable year.
	(8)	Adjusted Earnings per Share on a constant currency basis is a non-GAAP financial measure. For additional information including a corresponding reconciliation to GAAP financial measures, see Appendix A Reconciliation of Adjusted Earnings per Share on a constant currency basis.

Named Executive Officers, Footnote

The dollar amounts reported in column (b) are the amounts reported for Mr. Brown, our CEO (referred to in the table and related information as the “PEO” or principal executive officer), for each corresponding year in the Total column of the Summary Compensation Table in each applicable year.

PEO Actually Paid Compensation Amount

^[2]

$ 16,275,105

11,540,240

8,155,437

10,336,215

Non-PEO NEO Average Total Compensation Amount

^[3]

$ 4,509,404

4,511,334

3,910,371

6,267,505

Adjustment to Non-PEO NEO Compensation Footnote

In accordance with these rules, these amounts reflect Total compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

Average Compensation Paid to Non-PEO NEOs		2023		2022		2021		2020
Summary Compensation Table Total	$	4,509,404	$	4,511,334	$	3,910,371	$	6,267,505
Less, value of Stock Awards reported in Summary Compensation Table		(3,016,741)		(3,016,730)		(2,702,164)		(5,721,164)
Less, Change in Pension Value reported in Summary Compensation Table		—		—		—		—
Plus, year-end fair value of outstanding and unvested equity awards granted in the year		3,238,180		3,163,551		2,772,164		8,827,358
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in the year		304,426		(629,997)		(2,555,345)		(167,623)
Plus fair value as of the vesting date of equity awards granted and vested prior years		—		—		—		—
Plus (less), year over year change in fair value of equity awards granted in prior years that vested in the year		399,143		263,317		(85,149)		81,324
Less, prior year-end fair value for any equity awards forfeited in the year		—		(341,750)		(516,894)		(545,945)
Plus, pension service cost for services rendered during the year		—		—		—		—
Average Compensation Actually Paid to Non-PEO NEOs	$	5,434,412	$	3,949,725	$	822,983	$	8,741,455

Compensation Actually Paid vs. Net Income

Graphics

Total Shareholder Return Vs Peer Group

Cumulative TSR is calculated by dividing the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is the closing price on December 31, 2019