Arcadium Lithium plc / "Incentive" | Tables in SEC filings

ALTM Arcadium Lithium plc

Quarterly report

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30,
2024	2023 (1)
(in Millions)	(unaudited)
Cash (used in)/provided by operating activities:	Net income	$	114.4	$	205.0	Adjustments to reconcile net income to cash (used in)/provided by operating activities:	Depreciation and amortization	48.4	13.8	Restructuring and other charges	(43.4)	15.7	Deferred income taxes	(66.6)	2.3	Share-based compensation	5.7	4.0	Change in investments in trust fund securities	(1.1)	0.8	Loss on debt extinguishment	1.1	—	Equity in net loss of unconsolidated affiliate	—	15.3	Other gain, Blue Chip Swap	(50.5)	(11.4)	Other non-cash adjustments	3.0	(0.4)	Changes in operating assets and liabilities:	Trade receivables, net	77.1	19.0	Inventories	4.2	(46.7)	Accounts payable, trade and other	(149.7)	(17.0)	Changes in deferred compensation	1.6	1.1	Contract liability - short-term	32.7	(13.2)	Contract liability - long-term	(16.5)	—	Income taxes	(8.3)	(9.8)	Change in prepaid and other current assets and other assets	(125.7)	6.1	Change in accrued and other current liabilities and other long-term liabilities	53.9	(3.0)	Cash (used in)/provided by operating activities	(119.7)	181.6	Cash provided by/(used in) investing activities:	Capital expenditures(2)	(539.7)	(157.8)	Investments in Arcadium NQSP securities	(1.1)	(0.8)	Proceeds from Blue Chip Swap, net of purchases	50.5	11.4	Acquired cash & cash equivalents - Allkem Livent Merger	681.4	—	Investments in unconsolidated affiliates (3)	(27.0)	(29.5)	Other investing activities	(5.7)	(3.5)	Cash provided by/(used in) investing activities	158.4	(180.2)	Cash provided by/(used in) financing activities:	Proceeds from Revolving Credit Facility	123.0	—	Repayments of Revolving Credit Facility	(123.0)	—	Payments of financing fees	(4.4)	(0.3)	Proceeds from issuance of ordinary shares - incentive plans	—	0.4	Repayments of project loan facilities	(65.1)	—	Proceeds from prepayment of customer supply agreement	150.0	—	Capital contribution from noncontrolling interest - Nemaska Lithium	39.1	—	Payment of deposit to customs authorities	—	(21.7)	Cash provided by/(used in) financing activities	119.6	(21.6)	Effect of exchange rate changes on cash and cash equivalents	(15.5)	(1.0)	Increase/(decrease) in cash and cash equivalents	142.8	(21.2)	Cash and cash equivalents, beginning of period	237.6	189.0	Cash and cash equivalents, end of period	$	380.4	$	167.8

	2023 Threshold Level Opportunity	2023 Target Level Opportunity (as % of Applicable Base Salary)	2023 Maximum Level Opportunity (as % of Applicable Base Salary)
Paul W. Graves	0%	100%	200%
Gilberto Antoniazzi	0%	65%	130%
Sara Ponessa	0%	60%	120%

NEO	Target Incentive	Company Measures: 80% of Target Incentive	Company Measures Rating	Company Measures Incentive Payout Amount	Individual Measures: 20% of Target	Individual Measures Rating	Individual Measures: Incentive Payout Amount	Total 2023 Incentive Payout Amount
Paul W. Graves	$860,000	$688,000	0.60	$416,240	$172,000	1.50	$258,000	$674,240
Gilberto Antoniazzi	$292,500	$234,000	0.60	$141,570	$58,400	1.50	$87,750	$229,320
Sara Ponessa	$234,000	$187,200	0.60	$113,256	$46,800	1.50	$70,200	$183,456

Name and Principal Position* (a)	Year (b)	Salary ($) (c)	Bonus(1) ($) (d)	Stock Awards(2) ($) (e)	Option Awards(3) ($) (f)	Non-Equity Incentive Plan Compensation(4) ($) (g)	All Other Compensation(5) ($) (i)	Total ($) (j)
Paul W. Graves President and Chief Executive Officer	2023	854,167	500,000	2,184,779	550,001	674,240	306,825	5,070,011
	2022	820,833	–	1,275,021	425,002	1,395,900	227,928	4,144,685
	2021	800,000	–	1,175,009	1,175,000	1,432,000	165,832	4,747,841
Gilberto Antoniazzi Vice President, Chief Financial Officer and Treasurer	2023	445,000	200,000	548,414	137,507	229,320	289,616	1,849,858
	2022	416,667	–	337,528	112,503	421,344	249,469	1,537,511
	2021	400,000	–	312,515	312,502	436,800	130,107	1,591,924
Sara Ponessa Vice President, General Counsel and Secretary	2023	385,000	200,000	444,948	112,502	183,456	91,165	1,417,071
	2022	358,333	–	243,772	81,253	361,152	70,592	1,115,102
	2021	350,000	–	209,300	209,302	369,600	52,030	1,190,231

Name	Grant Date	Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1)			Estimated Future Payouts Under Equity Incentive Plan Awards(2)			All Other Stock Awards: Number of Shares of Stock or Units (#)(3)	All Other Option Awards: Number of Securities Underlying Options (#)(4)	Exercise or Base Price of Option Awards ($/Sh)	Grant Date Fair Value Of Stock and Option Awards ($)
Name	Grant Date	Threshold ($)	Target ($)	Maximum ($)	Threshold (#)	Target (#)	Maximum (#)			Exercise or Base Price of Option Awards ($/Sh)	Grant Date Fair Value Of Stock and Option Awards ($)
Paul W. Graves		0	860,000	1,720,000
	2/22/2023				11,184	22,367	44,734				550,005(5)
	2/22/2023							47,150			1,100,010(6)
	2/22/2023								59,653	23.33	550,001(7)
	12/22/2023										149,287(8)
	12/22/2023										385,478(9)
Gilberto Antoniazzi		0	292,500	585,000
	2/22/2023				2,796	5,592	11,184				137,507(5)
	2/22/2023							11,788			275,014(6)
	2/22/2023								14,914	23.33	137,507(7)
	12/22/2023										39,519(8)
	12/22/2023										96,374(9)
Sara Ponessa		0	234,000	468,000
	2/22/2023				2,288	4,576	9,152				112,524(5)
	2/22/2023							9,645			225,018(6)
	2/22/2023								12,202	23.33	112,502(7)
	12/22/2023										28,543(8)
	12/22/2023										78,864(9)

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