ENERPAC TOOL GROUP CORP

We seek to pay the Company’s executives fairly and competitively and to link pay with performance. The main elements of executive compensation are base salary, a short-term incentive in the form of an annual bonus, and long-term equity incentive awards.

The Company emphasizes compensation opportunities that reward executives when they deliver targeted financial results. A significant portion of executive compensation is equity-based. In fiscal 2024, annual equity incentive awards granted to the NEOs were in the form of time-vesting restricted stock units (“restricted stock units”) and performance-based restricted stock units (“Performance Shares”).

Incentive compensation at target (annual bonus and equity awards) accounted for approximately 84% of Mr. Sternlieb’s Total Direct Compensation opportunity during fiscal 2024 and approximately 55% of the average Total Direct Compensation opportunity of the other NEOs who served as officers on August 31, 2024. The following chart illustrates the allocation of the Total Direct Compensation at target for these officers of base salary (on an annualized basis), annual bonus and annual equity awards (the chart does not include the signing bonus paid to Mr. Chack, which was structured to compensate him for compensation that would have otherwise been payable by his former employer and to cover relocation expenses, and, due to the date of the commencement of his employment, Mr. Chack did not receive any equity award in fiscal 2024).

The NEOs also receive certain perquisites and participate in certain retirement, health and welfare plans.