VALMONT INDUSTRIES INC

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The long-term incentive earnouts, expressed as a percentage of target, for the three-year periods ending in the eight prior fiscal years, was as follows:

Mr. Schapper and Mr. Parnell participated in the 2023-2025 and 2024-2026 long-term incentive plans until December 28, 2024 and received on a prorated basis 2,065 and 1,793 shares respectively for Mr. Schapper and 821 and 809 shares for Mr. Parnell respectively, under the plans based on the projected level of achievement as determined by the Committee in February 2025.

In February 2024, the Committee selected the participants and established the performance goals for the 2024-2026 award cycle; the performance goals for the cycle ending in 2026 are again based on a combination of growth in operating income and return on invested capital weighted 70% to ROIC and 30% to OIG, with each metric independently weighted. Targets were established for named executive officers based on a percentage of base salary ranging from 50% to 207.5% and performance targets established at 14.4% average ROIC and 10% OIG growth. Any 2024-2026 long term incentive award will be paid in shares of common stock.