Stephen P. MacMillan

Stephen P. MacMillan, age 61 as of January 2025 " , has built a distinguished career underpinned by a strong educational foundation, holding a Bachelor of Arts in economics from Davidson College and completing the Advanced Management Program at Harvard Business School. "

He began his leadership journey at HOLX when he joined as President, CEO, and a director on December 6, 2013 and later expanded his role by being elected Chairman in June 2015. " " His tenure at the company has been marked by strategic decision-making and transformational leadership.

Before joining HOLX, he garnered extensive experience in the healthcare and consumer industries with key roles at Stryker Corporation, Pharmacia Corporation, Johnson & Johnson, and sBioMed, LLC. " " " His broad expertise and commitment to operational excellence continue to drive HOLX’s growth and innovation, making him a respected leader in the industry. " " "

Non-Equity Incentive Plan (Annual Cash Incentive Awards) " " "

• Evaluation Period: Fiscal 2024.
• Actual Results: Overall payout reached 109% of the target; Adjusted Revenue achieved 91% of target and Adjusted EPS 134% of target. "

Performance Stock Units (PSUs) " " " "

• Performance Metrics:
  • FCF PSUs: Based on cumulative adjusted Free Cash Flow; no vesting if performance is below $2,100M. "
  • ROIC PSUs: Tied to three-year average adjusted ROIC. "
  • TSR PSUs: Determined by relative Total Shareholder Return with thresholds at the 25th, 50th, and 95th percentiles. "
• Vesting Schedule: Cliff vesting at the end of three years (November 2026). " "
• Grant Date: November 14, 2023. "
• Evaluation Period: Three years (Fiscal 2024–2026).

Long-Term Incentive Award Grants " " "

• Vesting: RSUs vest in three equal annual installments; stock options vest in four equal annual installments. " "
• Grant Details:
  • Grant Date: November 14, 2023. "
  • Grant Date Fair Values: $2,937,454 for stock awards and $2,937,477 for option awards. "
  • Grant Date Stock Price: $71.94 per share. "
• Evaluation Period: Three years for the PSUs. "