ENERPAC TOOL GROUP CORP

The following table sets forth the total compensation applicable to the fiscal years ended August 31, 2024, 2023 and 2022 by the NEOs:

(1) In fiscal 2024, in connection with the commencement of his employment, Mr. Chack received a signing bonus of $180,000. In fiscal 2022, in connection with the commencement of their respective employment, Mr. Sternlieb, Mr. Topercer and Mr. Colucci received a signing bonus of $415,000, $185,000 and $245,000, respectively. Each of these executive officers is required to repay all or some of the signing bonus in the event he voluntarily terminates his employment with the Company before certain specified dates other than for good reason, with the amount of the required repayment being based on the length of service prior to departure. In connection with his resignation, Mr. Colucci repaid 75% of his signing bonus ($183,750) in accordance with the terms of his agreement with the Company with respect to the recoupment of the signing bonus. Mr. Sternlieb’s initial employment arrangement provided that his annual bonus payment for fiscal 2022 would be no less than 75% of his annual base salary for that fiscal year. The full amount of signing bonus received by Mr. Chack, Mr. Sternlieb, Mr. Topercer and Mr. Colucci (notwithstanding Mr. Colucci's subsequent repayment of 75% of that amount) and the guaranteed portion of Mr. Sternlieb’s annual bonus payment for fiscal 2022 are reported as “Bonus” in this table.

(2) Equity compensation awards granted in fiscal 2024 consisted of restricted stock units and Performance Shares. These equity awards are reported at a value, developed solely for purposes of disclosure in accordance with the rules and regulations of the SEC, equal to the “grant date fair value” thereof under ASC Topic 718 of the Financial Accounting Standards Board (“FASB”) for financial reporting purposes, except that the reported value does not reflect any adjustments for risk of forfeiture. The reported amounts for any award do not reflect any adjustments for restrictions on transferability. See Note 14 of the Notes to Consolidated Financial Statements included in our Form 10-K for the year ended August 31, 2024 for a discussion of the methods applied in determining the grant date fair values in this column for fiscal 2024. For the Performance Shares, the amount reported is based on the number of shares issuable upon achievement of the target level of performance. As described on pages 28 and 30, the payout for Performance Share ranges from 0% to 200% of the target level based on the actual performance level achieved. Assuming maximum payouts for the Performance Shares at 200% of the target level, the amounts reported above for the restricted stock units and Performance Shares for fiscal 2024 would be as follows: Mr. Sternlieb, $6,716,335; Mr. Burns, $225,487; Mr. Topercer, $587,665; Mr. Denis, $545,777; and Mr. Colucci, $923,618. Mr. Chack did not receive awards of restricted stock units and Performance Shares in fiscal 2024. Under the terms of his initial employment arrangement, on September 15, 2024, Mr. Chack received an initial award of restricted stock units that vest, subject to continued employment, on the second anniversary of the date of the award, which restricted stock units had a grant date value of $244,993. All restricted stock units and Performance Share awards granted to Mr. Colucci that were unvested as of his March 1, 2024 departure from the Company, which includes all stock awards granted to him in fiscal 2024, were forfeited upon his departure. The amounts reported in the table for Mr. Colucci do not reflect the impact of such forfeitures.

(3) Reflects amounts earned under the annual bonus plan. Annual bonus plan amounts are paid in the first quarter of the subsequent fiscal year.

(4) Reflects the portion of interest earned in the Employee Deferred Compensation Plan and Supplemental Executive Retirement Plan to the extent that it exceeds the SEC benchmark “market” rate of 4.12%, 5.36% and 4.93% in 2022, 2023 and 2024, respectively (120% of the applicable federal long-term rate). See page 31 for information on the Employee Deferred Compensation Plan, and page 38 for NEO activity in this plan.

(5) For fiscal 2024, these amounts consist of the following:

(a)Represents Company contribution to the SERP plan as described on page 31.

(b)The income for personal use of the Company plane was determined by calculating the incremental cost including fuel, pilot and other variable costs.

(c)Amounts listed in this column include tax gross-up payments made to the applicable NEO with respect to such benefits.

(6)Mr. Sternlieb was appointed President and Chief Executive Officer effective October 8, 2021.

(7)Mr. Burns was appointed as Interim Executive Vice President and Interim Principal Financial Officer effective on March 1, 2024 and ceased serving as Interim Principal Financial Officer on October 28, 2024 when Darren M. Kozik, the Company's current Executive Vice President and Chief Financial Officer, joined the Company. Mr. Burns continues to serve as Interim Executive Vice President and Head of Financial Planning, Operations, and Decision Support. Compensation Mr. Burns received in fiscal 2024 in his former and continuing capacities with the Company is included in the amounts reported in the table.

(8)Mr. Topercer was appointed the Company’s Executive Vice President and Chief Human Resource Officer effective February 14, 2022.

(9) Mr. Denis was promoted to Executive Vice President, General Counsel and Secretary on September 23, 2022. Compensation Mr. Denis received in fiscal 2023 in his prior capacities with the Company is included in the amounts reported in the table.

(10)Mr. Chack joined the Company on July 22, 2024.

(11) Mr. Colucci ceased his employment with the Company on March 1, 2024.