Stephen G. Oswald

President and Chief Executive Officer at Ducommun Inc

Board

Since January 2017

Age

61 years

Tenure

Joined DCO in January 2017 as President and Chief Executive Officer, later becoming Chairman in May 2018.

Also at Ducommun Inc

JLR

Jerry L. Redondo

Senior Vice President, Electronics and Structural Systems

LSG

Laureen S. Gonzalez

Vice President, Chief Human Resources Officer

RAT

Rajiv A. Tata

Vice President, General Counsel & Corporate Secretary

About

Stephen G. Oswald is the President and Chief Executive Officer of Ducommun Incorporated, having joined the company in January 2017, and later taking on additional responsibilities as Chairman in May 2018.

Before his tenure at Ducommun, he led Capital Safety Company as CEO from 2012 to 2015, and spent approximately 15 years in leadership roles at United Technologies Corporation, including serving as the President of the Hamilton Sundstrand Industrial division.

At Ducommun, his leadership has been marked by a focus on revenue growth, margin expansion, and strategic initiatives such as the VISION 2027 Plan, which has contributed to record quarterly revenue achievements and enhanced gross margins.

On a personal note, he is 61 years old , and his career reflects a robust background in managing operations and driving growth across multiple companies.

$DCO Performance Under Stephen G. Oswald

Past Roles

Organization	Role	Date Range	Details
Capital Safety Company	Chief Executive Officer	2012 to 2015	Manufacturer of fall protection, confined space, and rescue equipment; role ended after sale to 3M Co. and took time off to manage personal investments
United Technologies Corporation	Various leadership positions, including President of the Hamilton Sundstrand Industrial division	Approximately 15 years	Multinational conglomerate specializing in aerospace, defense, and building industries

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$989,926	Annual (2024)	Base salary for 2024
All Other Compensation	$160,473	Annual (2024)	Includes Automobile Allowance: $18,024 ; Life Insurance Premiums: $1,283 ; 401(k) Contributions: $10,350 ; NQDCP: $130,816 (inc. $100,000 company contribution)

Performance Compensation

Data from FY 2024

PSUs - EPS/rTSR

Performance Period: January 1, 2024 – December 31, 2026
Grant Date: May 14, 2024
Grant Date Fair Value: $3,099,112
Vesting: Cliff vest on December 31, 2026

Performance Level	2024 EPS ($)	2025 EPS ($)	2026 EPS ($)	Vesting % for Year	Total Vesting %
Maximum	2.86	3.20	3.58	66.6%	200%
Target	2.70	2.86	3.03	33.3%	100%
Threshold	2.55	2.55	2.55	10.0%	30%
Below Threshold	<2.55	<2.55	<2.55	0%	0%

Performance Level	Units
Threshold	48,333
Target	48,333
Maximum	120,833

Cash LTIP - EPS/rTSR

Performance Period: January 1, 2024 – December 31, 2026
Grant Date: May 14, 2024
Grant Date Fair Value: $1,051,491
Vesting: Cliff vest on December 31, 2026
The performance targets (EPS levels and vesting percentages) are the same as for the PSUs above.

RPSUs

Performance Period: January 1, 2024 – December 31, 2026
Revenue Goals:
- Threshold: 96.9% performance, $790M revenue, 50% payout
- Target: 100% performance, $815M revenue, 100% payout
- Maximum: 104.2% performance, $850M revenue, 200% payout
- Below Threshold: <96.9% performance yields no payout
Grant Date: May 14, 2024
Grant Date Fair Value: $930,479
Vesting: Cliff vest on December 31, 2026

Performance Level	Shares
Threshold	16,399
Maximum	32,798

Cash LTIP - Revenue

Performance Period: January 1, 2024 – December 31, 2026
Performance Targets:

Performance Level	Performance (%)	Revenue ($M)	Payout (%)
Maximum	104.2%	850	200%
Target	100.0%	815	100%
Threshold	96.9%	790	50%
Below Threshold	<96.9	<790	0%

Grant Date: May 14, 2024
Grant Date Fair Value: $293,832
Vesting: Cliff vest on December 31, 2026

Non-Equity Incentive Plan Compensation

Award Amount: $2,742,095
Payment Schedule: Paid in Q1 2025
No detailed performance metrics provided for this component.