AMERICAN VANGUARD CORP

The Company believes that its executive compensation meets its primary objectives. In the midst of global destocking, an oversupply of generic products and unavailability of a high-margin product as a result of supply chain disruption, the Company experienced a downturn in 2023. While recording lower sales and profitability for the full year, the Company was able to rebound during the fourth quarter and, in the process, improve its balance sheet. Nevertheless, having failed to meet its targeted pre-tax earnings, the Company recorded no charge for incentive compensation, and none of the NEOs received a cash bonus. Further, the NEOs received no merit increase for 2024. Consequently, while continuing to receive base wages that are at or above the median of Proxy Peers (on average), the NEOs received total direct compensation that was below the 25 th percentile of its Proxy Peers. In sum, we believe that the Company paid NEOs in a manner consistent with overall company performance.