Gretchen Haggerty - Director | TELEFLEX (TFX) Executive Profile & Compensation

About Gretchen R. Haggerty

Gretchen R. Haggerty, 69, has been an independent director of Teleflex since 2016 and serves on the Audit Committee; she retired in August 2013 after a 37-year career at United States Steel Corporation, including a decade as Executive Vice President & Chief Financial Officer and chair of the U.S. Steel & Carnegie Pension Fund and its Investment Committee . The Board has affirmatively determined she is independent under NYSE standards, and Audit Committee members (including Haggerty) are designated “audit committee financial experts” by the Board .

Past Roles

Organization	Role	Tenure	Committees/Impact
United States Steel Corporation / USX Corporation	Executive Vice President & Chief Financial Officer	Mar 2003 – Aug 2013	Chair of U.S. Steel & Carnegie Pension Fund and Investment Committee
United States Steel / USX	Vice President & Treasurer	Began Nov 1991 (earlier roles through 2003)	Senior financial leadership; broad oversight of financial matters

External Roles

Organization	Role	Tenure	Committees/Impact
Atmus Filtration Technologies Inc.	Director	Current	Not disclosed
Johnson Controls International plc	Director	Current	Not disclosed

Board Governance

Committee assignments: Member, Audit Committee; current members are Candace H. Duncan (Chair), Gretchen R. Haggerty, and John C. Heinmiller; Audit Committee held seven meetings in 2024 and oversees financial reporting integrity, internal controls, auditor independence, internal audit, risk management (including product quality, safety, cybersecurity), and pension funding .
Independence: The Board determined Haggerty and all non-management directors (except the CEO) are independent under NYSE standards; Audit and Compensation Committee members meet additional NYSE/SEC independence requirements .
Attendance: The Board met six times in 2024; each director attended at least 75% of Board and committee meetings, and all directors attended the 2024 annual meeting of stockholders .

Fixed Compensation

Component	Amount	Notes
Annual Cash Retainer – Non-Management Directors	$67,000	Base cash for all non-management directors
Committee Chair Additional Cash Retainer (Audit)	$22,500	Not applicable to Haggerty (member, not chair)
Committee Chair Additional Cash Retainer (Compensation)	$17,500
Committee Chair Additional Cash Retainer (Nominating & Governance)	$14,000
Annual RSU Grant – Non-Management Directors	$137,000	RSUs; directors cannot sell until ownership guidelines met (tax/exercise exceptions)
Annual Stock Option Grant – Non-Management Directors	$90,000	Options; initial option grant upon first election is $180,000
Lead Director – Additional RSU Grant	$40,000	Lead Director only; name not disclosed in excerpt
Meeting Fees – Board (in-person)	$2,000 per meeting
Meeting Fees – Board (telephone)	$1,000 per meeting
Meeting Fees – Committees	$1,000 per meeting

Director	Fees Earned or Paid in Cash	Stock Awards	Option Awards	Total
Gretchen R. Haggerty	$87,000	$130,112	$85,432	$302,544

Performance Compensation

Non-management director pay is primarily fixed retainers plus annual equity grants (RSUs and stock options) and meeting fees; no performance-based metrics (e.g., TSR, revenue, EBITDA) are disclosed for director compensation, and the performance stock units and RTSR modifiers discussed in CD&A apply to named executive officers, not directors .

Other Directorships & Interlocks

Company	Relationship to TFX	Potential Interlock/Conflict Commentary
Atmus Filtration Technologies Inc.	External board seat	No Teleflex-related transactions disclosed for Haggerty; Board affirmed her independence
Johnson Controls International plc	External board seat	No Teleflex-related transactions disclosed for Haggerty; Board affirmed her independence

Expertise & Qualifications

Former public company CFO with deep financial leadership and pension investment oversight, aligning with Audit Committee responsibilities over financial reporting, internal controls, auditor independence, risk management (including cybersecurity and product quality/safety), and pension funding .
Designated Audit Committee financial expert by the Board (with other Audit members) .

Equity Ownership

Item	Value
Shares Beneficially Owned	15,015 shares; includes 10,910 shares underlying stock options
Percent of Outstanding	Less than 1% (based on 46,279,820 shares outstanding on Feb 1, 2025)
Director Stock Ownership Guidelines	5x annual cash retainer; $335,000 based on $67,000 retainer
Guideline Compliance (as of Dec 31, 2024)	All current non-management directors except Ms. Patil and Dr. Ryu satisfied guidelines; Haggerty satisfied
Pledging/Hedging	Not disclosed for Haggerty in provided excerpts

Governance Assessment

Board effectiveness: Haggerty brings CFO-level financial rigor and pension oversight; as Audit Committee member and financial expert amid seven Audit meetings in 2024, her role supports strong oversight of reporting, controls, and risk (including cybersecurity and product quality) .
Independence and conflicts: The Board explicitly confirmed her independence and did not disclose any related-party transactions or independence considerations specific to her; independence determinations also confirm compliance with NYSE/SEC heightened standards for Audit members .
Ownership alignment: She met Teleflex’s rigorous director ownership guidelines (5x retainer) as of year-end 2024, enhancing alignment with shareholders .
Compensation structure: Director pay mixes cash, RSUs ($137k), and options ($90k), plus meeting fees; her 2024 total was $302,544, with no performance-conditioned director awards, limiting pay-for-performance linkage but maintaining equity exposure .
RED FLAGS: None disclosed for Haggerty in the excerpts—no independence impairments, related-party ties, pledging, or low attendance noted; she met ownership guidelines and attended at least 75% of meetings with all directors present at the annual meeting .