Our executive compensation program is designed to attract, motivate, and retain executive officers who are critical to our success. The Committee believes that the program constitutes a balanced, competitive approach to compensation that supports our compensation objectives through performance-based compensation that aligns the interests of executives with those of our shareholders.
The Compensation Committee reviews our compensation program at least annually to ensure that it achieves the desired goals of aligning our executive compensation structure with shareholders’ interests and current market practices.
| Proxy Statement | ESCO Technologies Inc. 25 |
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What We Do
| ● | Pay for performance philosophy |
| ● | Significant portion of compensation is at-risk |
| ● | Competitive stock ownership guidelines |
| ● | Double-trigger change-in-control equity vesting |
| ● | Independent compensation consultant |
What We Don’t Do
| ● | No excessive perquisites |
| ● | No tax gross-ups on perquisites |
| ● | No tax gross-ups on change in control severance |
| ● | No hedging or pledging of Company stock |
| ● | No repricing or exchange of equity-based awards without shareholder approval |
