W. Anthony Will

W. Anthony Will is the President and CEO of CF Industries Holdings, Inc., demonstrating extensive leadership skills and a robust career in the chemical and manufacturing industries. He began his journey at CF Industries in April 2007, starting as Vice President, Corporate Development, and quickly advancing through critical roles in manufacturing and distribution before assuming his current title in January 2014.

His progression at CF Industries highlights his strategic vision and operational expertise, paving the way for significant contributions in public company governance, risk management, and corporate development.

Beyond his role at CF Industries, he also serves on the Board of Directors of Olin Corporation since September 2021, reflecting his broad influence and involvement in the chemical industry. At age 58, his career is marked by consistent professional growth and commitment to industry excellence.

Target Annual Incentive Level

• Target Amount: 150% of base salary, which is $2,100,000 (calculated as 1.5 x $1,400,000).
• Performance Metrics & Weights:
  • Adjusted EBITDA Metric: 60% weight.
  • Clean Energy Metric: 20% weight.
  • Sustainability Metric: 10% weight.
  • Process Safety Metric: 10% weight.
• Evaluation & Vesting: Specific thresholds, targets, evaluation period details, and vesting conditions for the annual incentive are not provided in the documents.

Target PRSUs (Performance Share Awards)

• Grant Date: January 3, 2024.
• Grant Date Fair Value: $4,500,000.
• Performance Metrics:
  • Based on Average Return on Net Assets (RONA) over three one-year periods.
  • Subject to a three-year Total Shareholder Return (TSR) modifier which may adjust earnings by up to ±20%.
• Vesting Schedule: PRSUs vest upon certification of performance goal attainment by the compensation and management development committee after the three-year performance period (2024-2026).
• Conditions: Awards may be subject to forfeiture or accelerated vesting under conditions such as change in control or termination of employment; dividend equivalents accrue during the performance period and are paid in cash upon vesting.
• Additional Details: Specific thresholds, targets, and maximum payout levels for performance metrics have not been disclosed in the documents.