MANITOWOC CO INC
For the period ended Mar 21, 2025. Filed Mar 21, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Mar 21, 2025 · Filed Mar 21, 2025
Contents
Aligning Pay with Performance
The Compensation Committee believes that reviewing realizable pay is useful in understanding the relationship between the target compensation that was approved for the CEO and the compensation that was actually earned, or may still be earned, based on Company performance. As illustrated in the chart below, the alignment of pay and performance is evidenced in the estimated realizable value of 2024 CEO pay. Mr. Ravenscroft’s realizable pay at the end of 2024 was 62% of – or about $2.3M less than – the target pay originally granted to him, which is driven by the 2024 STIP payout equal to 30% of target and stock price performance. In the chart below, the realizable value of all equity awards is calculated using the closing price of our common stock of $9.13 on December 31, 2024, and PSUs are reflected at target. Target Pay reflects pay at Target value before the effects of performance and MTW's stock price movement. Realizable Pay reflects the realizable value of pay based on performance and/or MTW's stock price as of the end of 2024.
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