In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive “Compensation Actually Paid” or “CAP” (as calculated in accordance with SEC rules) and certain Company performance for the fiscal years listed below. You should refer to “2024 Executive Compensation Program in Detail” in the Compensation Discussion and Analysis in this Proxy Statement for a complete description of how executive compensation relates to Company performance and how the Human Capital and Compensation Committee makes its decisions.


									Value of Initial Fixed $100 Investment Based on:
Year	Summary Compensation Table Total for Jeffrey W. Benck $		Compensation Actually Paid to Jeffrey W. Benck(1)(2) $		Average Summary Compensation Table Total for Non-CEO NEOs(3) $		Average Compensation Actually Paid to Non-CEO NEOs(1)(2)(3) $		BHE Total Shareholder Return $		10-K Peer Group Total Shareholder Return(4) $		Net Income (in thousands) $		Revenue (in thousands) $
2024		6,544,395		10,504,543		1,665,717		1,844,780		149.30		375.27		63,327		2,656,105
2023		5,837,439		4,425,392		1,679,186		1,506,671		89.35		246.91		64,315		2,838,976
2022		6,718,650		8,543,236		1,803,293		2,202,770		84.06		161.06		68,229		2,886,331
2021		6,736,846		4,310,263		1,776,762		1,053,904		83.10		147.89		35,770		2,255,319
2020		4,870,541		2,964,019		1,286,201		846,750		80.94		111.91		14,055		2,053,131

(1)

Deductions from, and additions to, total compensation in the Summary Compensation Table by year to calculate Compensation Actually Paid include:


	2024						2023						2022						2021						2020
	Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $
Total Compensation from Summary Compensation Table		6,544,395			1,665,717			5,837,439			1,679,186			6,718,650			1,803,293			6,736,846			1,776,762			4,870,541			1,286,201
Adjustments for Equity Awards
Adjustment for grant date values in the Summary Compensation Table		(4,200,000	)		(1,055,000	)		(4,000,000	)		(1,081,250	)		(3,850,000	)		(854,673	)		(4,375,000	)		(961,344	)		(3,500,000	)		(759,687	)
Year-end fair value of unvested awards granted in the current year		7,439,589			1,492,843			4,529,294			1,210,321			3,956,739			878,408			4,145,568			910,960			3,367,877			731,026
Year-over-year difference of year-end fair values for unvested awards granted in prior years		320,701			79,748			(1,820,841	)		(286,789	)		1,755,646			377,497			(2,377,268	)		(688,242	)		(1,137,486	)		(344,763	)
Fair values at vest date for awards granted in prior fiscal years and vested in current year		4,062,637			480,590			4,629,967			694,789			1,646,191			341,880			1,459,832			293,019			479,065			240,576
Difference in fair values between prior year-end fair values and vest date fair values for awards granted in prior years		(3,819,931	)		(414,109	)		(4,853,336	)		(727,383	)		(1,717,137	)		(356,934	)		(1,298,236	)		(282,430	)		(1,115,978	)		(306,603	)
Dividends or dividend equivalents not otherwise included in total compensation		157,152			10,144			102,869			17,797			33,147			13,299			18,521			5,179			—			—
Grants made in prior fiscal years that are forfeited during 2024		—			(415,153	)		—			—			—			—			—			—			—			—

Compensation Actually Paid (as calculated)		10,504,543			1,844,780			4,425,392			1,506,671			8,543,236			2,202,770			4,310,263			1,053,904			2,964,019			846,750

(2)

Assumptions used in the valuation of equity awards for purposes of calculating Compensation Actually Paid were materially the same as at grant date, except for adjusting for expected performance of PSUs at each measurement date.

(3)

Non-CEO NEOs reflect the average Summary Compensation Table total compensation and average Compensation Actually Paid for the following executives by year:

2024: Mr. Moezidis; Mr. Schumaker; Mr. Kamal; Mr. Valkanoff; Mr. Beaver; Mr. Lakkaraju

2023: Mr. Moezidis; Mr. Beaver; Ms. Rhonda R. Buseman; Mr. Lakkaraju

2022 and 2021: Michael D. Buseman; Mr. Beaver; Robert B. Crawford; Mr. Lakkaraju

2020: Mr. Buseman; Mr. Beaver; Mr. Janick; Mr. Lakkaraju

(4) The Peer Group Index is composed of Celestica Inc., Flex Ltd., Jabil Inc., Kimball Electronics Inc., Plexus Corp and Sanmina Corporation.

Most Important Performance Measures

In our assessment, the most important financial performance measures used to link CAP to Company performance are listed below, not ranked in order of importance. The role of each of these performance measures in our executive compensation program is discussed in the Compensation Discussion and Analysis.

Financial Performance Measures

•

Revenue

•

Operating Income Margin

•

Return On Invested Capital (ROIC)

Descriptions of the Relationships Presented in the Pay Versus Performance Table

The illustrations below compare the relationships between CAP and the following measures:

•

the Company’s cumulative TSR and the Form 10-K Peer Group’s cumulative TSR;

•

the Company’s Net Income; and

•

the Company’s Revenue

CAP vs. TSR

CAP vs. Net Income

CAP vs. Revenue

Named Executive Officers, Footnote

(3)

Non-CEO NEOs reflect the average Summary Compensation Table total compensation and average Compensation Actually Paid for the following executives by year:

2024: Mr. Moezidis; Mr. Schumaker; Mr. Kamal; Mr. Valkanoff; Mr. Beaver; Mr. Lakkaraju

2023: Mr. Moezidis; Mr. Beaver; Ms. Rhonda R. Buseman; Mr. Lakkaraju

2022 and 2021: Michael D. Buseman; Mr. Beaver; Robert B. Crawford; Mr. Lakkaraju

2020: Mr. Buseman; Mr. Beaver; Mr. Janick; Mr. Lakkaraju

Non-PEO NEO Average Total Compensation Amount

$ 1,665,717

$ 1,679,186

$ 1,803,293

$ 1,776,762

$ 1,286,201

Adjustment to Non-PEO NEO Compensation Footnote

(1)

Deductions from, and additions to, total compensation in the Summary Compensation Table by year to calculate Compensation Actually Paid include:


	2024						2023						2022						2021						2020
	Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $			Jeffrey W. Benck $			Average Non-CEO NEOs $
Total Compensation from Summary Compensation Table		6,544,395			1,665,717			5,837,439			1,679,186			6,718,650			1,803,293			6,736,846			1,776,762			4,870,541			1,286,201
Adjustments for Equity Awards
Adjustment for grant date values in the Summary Compensation Table		(4,200,000	)		(1,055,000	)		(4,000,000	)		(1,081,250	)		(3,850,000	)		(854,673	)		(4,375,000	)		(961,344	)		(3,500,000	)		(759,687	)
Year-end fair value of unvested awards granted in the current year		7,439,589			1,492,843			4,529,294			1,210,321			3,956,739			878,408			4,145,568			910,960			3,367,877			731,026
Year-over-year difference of year-end fair values for unvested awards granted in prior years		320,701			79,748			(1,820,841	)		(286,789	)		1,755,646			377,497			(2,377,268	)		(688,242	)		(1,137,486	)		(344,763	)
Fair values at vest date for awards granted in prior fiscal years and vested in current year		4,062,637			480,590			4,629,967			694,789			1,646,191			341,880			1,459,832			293,019			479,065			240,576
Difference in fair values between prior year-end fair values and vest date fair values for awards granted in prior years		(3,819,931	)		(414,109	)		(4,853,336	)		(727,383	)		(1,717,137	)		(356,934	)		(1,298,236	)		(282,430	)		(1,115,978	)		(306,603	)
Dividends or dividend equivalents not otherwise included in total compensation		157,152			10,144			102,869			17,797			33,147			13,299			18,521			5,179			—			—
Grants made in prior fiscal years that are forfeited during 2024		—			(415,153	)		—			—			—			—			—			—			—			—

Compensation Actually Paid (as calculated)		10,504,543			1,844,780			4,425,392			1,506,671			8,543,236			2,202,770			4,310,263			1,053,904			2,964,019			846,750