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Sustainability Catalogue

Modern Dairy Executive Director Shareholding Policy

Stock Ownership Guidelines: Our Executive Directors are subject to stock ownership guidelines that supplement retention requirements. These guidelines stipulate the following:

  • CEO: The CEO must achieve and maintain beneficial ownership of Common Stock equal in value to five times (5x) their base salary. For a newly appointed CEO, a transition period applies, allowing up to five years from their start date to reach this ownership level.
  • CFO: The CFO must maintain beneficial ownership of Common Stock equal in value to four times (5x) their base salary for as long as they remain in that position. For a newly appointed CFO, a transition period applies, allowing up to five years from their start date to reach this ownership level.
  • Transition Rule Application: For executive directors appointed after the initial implementation of this policy, the five-year transition period begins on their effective start date as executive directors.

The CEO and CFO are currently within their transition period, CEO is expected to fulfill the 5x ownership requirement by July 1, 2026 and CFO is expected to fulfill the 5x ownership requirement by Nov 30, 2026.