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CHARLES RIVER LABORATORIES INTERNATIONAL INC

For the period ended May 8, 2024. Filed Mar 29, 2024.

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About this filing

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.

May 8, 2024 · Filed Mar 29, 2024

CRL$337.52+7.8%Stored close · as of Nov 6, 2026
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Contents

Objectives of the Compensation Program

The Committee reviews and monitors the Compensation Program and compensation policies by reference to specific objectives which are established in accordance with its charter. The Committee recognizes the importance of establishing clear objectives for the Program and evaluating the relative effectiveness of current and proposed compensation policies and practices in advancing those objectives. In keeping with our philosophy that the Program should appropriately align executive compensation with both the short- and long-term performance of the Company, the Committee has determined that the Compensation Program should achieve the following objectives:

attract and retain superior talent;

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support the achievement of desired levels of Company performance;

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align the interests of executives with the interests of shareholders;

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differentially reward individual and team performance; and

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promote accountability.

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To achieve these broader objectives, the current design of the Compensation Program has also been crafted to accomplish the following:

effectively balance fixed and at-risk compensation through a continuum of compensation elements;

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differentially reward individuals based on performance, and contribution to the success of high performing business units, through both short- and long-term elements;

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promote the achievement of desired levels of Company performance through short-term bonus and long-term equity elements by closely aligning them with our business performance; and

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accommodate ongoing acquisitions where the motivation and retention of talent is key to integration and business performance.

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.