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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">LTI awards are discretionary and are generally granted to our NEOs and other eligible employees on a regularly scheduled predetermined annual date to align with our annual compensation and performance review process (generally June 15th or the first business day immediately thereafter). In certain circumstances, including upon hiring or promotion, the Compensation and Talent Committee may approve grants to be effective at other times (generally the first business day of the month following such hire or promotion). The Compensation and Talent Committee does not grant LTI awards in anticipation of the release of material non-public information nor does the Company time the release of material non-public information based on LTI award grant dates. </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Company does not currently grant share options to eligible participants in the Incentive Plan. The value of LTI awards is determined based on the closing price of the Company’s shares on the date of grant. </span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">For a description of the timing of equity grants to our independent directors, see </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">“</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Director Compensation</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">.”</span></div><div style="margin-bottom:6pt"><span style="color:#66c8cb;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Timing of Awards</span></div>As stated above, typically, the LTI award value with respect to a fiscal year is approved shortly following the end of the fiscal year, and then granted in Q1 of the following fiscal year. This means that the awards captured in our Fiscal 2026 Summary Compensation Table were established based on Fiscal 2025 performance, and granted in June 2025. This is illustrated below in the context of our overall compensation framework.
LTI awards are discretionary and are generally granted to our NEOs and other eligible employees on a regularly scheduled predetermined annual date to align with our annual compensation and performance review process (generally June 15th or the first business day immediately thereafter). In certain circumstances, including upon hiring or promotion, the Compensation and Talent Committee may approve grants to be effective at other times (generally the first business day of the month following such hire or promotion).
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<div style="margin-bottom:3pt;margin-top:12pt"><span style="color:#052c49;font-family:'Futura LT Medium',sans-serif;font-size:11pt;font-weight:700;line-height:130%">Pay Versus Performance Table</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.076%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.223%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.635%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.988%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.282%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.286%"></td><td style="width:0.1%"></td></tr><tr style="height:27pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary Compensation Table Total for PEO</span></div><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(b)</span><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid to PEO</span></div><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(c)</span><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average Summary Compensation Table Total for Non-PEO NEOs</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(d)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average Compensation Actually Paid to Non-PEO NEOs</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(e)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Value of Initial Fixed $100 Investment Based On:</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Net (Loss) </span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Income</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(h)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(6)</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;padding-right:4.5pt;text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Free Cash Flow</span></div><div style="padding-left:4.5pt;padding-right:4.5pt;text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="padding-left:4.5pt;padding-right:4.5pt;text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(i)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(7)</span></div></td></tr><tr style="height:59pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Year (a)</span></td><td colspan="3" style="border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Total Shareholder Return</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(f)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Peer Group Total Shareholder Return</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">($)</span></div><div style="text-align:right"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">(g)</span><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:5.2pt;font-weight:700;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(5)</span></div></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#052c49;font-family:'Futura LT 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#8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,860,083 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,680,119 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">34.42 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">41.09 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">79,000,000 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">134,000,000 </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#052c49;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2025</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">9,058,699 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(3,108,694)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,367,051 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">490,172 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">40.50 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">39.40 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1,182,000,000)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">153,000,000 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#052c49;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2024</span></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,536,629 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">9,772,501 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,787,766 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,469,234 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">90.30 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">42.80 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(229,000,000)</span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">120,000,000 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#052c49;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2023</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">14,331,813 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,961,037 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2,537,098 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2,219,512 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">93.70 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">51.60 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">616,000,000 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">715,000,000 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#052c49;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2022</span></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">14,737,831 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">15,510,572 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">5,781,103 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">5,579,572 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">101.60 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">76.40 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">822,000,000 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">573,000,000 </span></td><td style="background-color:#f5f3ea;border-bottom:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>
11909990
10414084
1860083
1680119
34.42
41.09
79000000
134000000
9058699
-3108694
3367051
490172
40.50
39.40
-1182000000
153000000
10536629
9772501
3787766
3469234
90.30
42.80
-229000000
120000000
14331813
10961037
2537098
2219512
93.70
51.60
616000000
715000000
14737831
15510572
5781103
5579572
101.60
76.40
822000000
573000000
<span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:10.62pt">Column (b) contains compensation amounts reported in the “Total” column of the Summary Compensation Table (“SCT”) for Mr. Idol, our Chief Executive Officer for each of the years listed. Column (d) contains the average of compensation amounts reported in the “Total” column of the Summary Compensation Table for our NEOs other than our Chief Executive Officer (“Non-PEO NEOs”) for each of the years listed. The Non-PEO NEOs for each applicable fiscal year are as follows:</span><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2026: Mr. Edwards (our former Chief Financial Officer and Chief Operating Officer who served for approximately three months in Fiscal </span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2026), Mr. Mehta, Ms. Hendricks and Ms. McDonough</span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2025: Mr. Edwards, Ms. Hendricks, Ms. McDonough and Mr. Wilmotte </span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2024: Mr. Edwards, Ms. Hendricks, Ms. McDonough and Mr. Wilmotte </span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2023: Mr. Edwards, Ms. Hendricks, Ms. McDonough and Daniel Purefoy, our former SVP, Global Operations and Head of Diversity and </span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Inclusion (who served for four months of Fiscal 2023)</span></div><div style="padding-left:18pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2022: Mr. Edwards, Ms. Hendricks, Ms. McDonough, Mr. Purefoy and Joshua Schulman, our former Chief Executive Officer of Michael Kors (who served for approximately seven months of Fiscal 2022)</span></div>
Mr. Idol
<span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:10.62pt">Compensation actually paid to our PEO in each of the years listed as reflected in column (c) reflects the amount set forth in column (b) of the table above adjusted in accordance with SEC rules. The dollar amounts in column (c) do not reflect the actual amount of compensation earned or paid to our PEO in the applicable fiscal year. The adjustments made to our PEO’s total compensation for Fiscal </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2026 </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">to determine CAP are shown in the table below.</span><div style="margin-bottom:6pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.294%"><tr><td style="width:1.0%"></td><td style="width:84.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.098%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2026<br/>($)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary Compensation Table Total for PEO</span></td><td colspan="2" style="border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,909,990 </span></div></td><td style="border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Changes in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(a)</span></div></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Grant Date Fair Value of Stock Options and Stock Awards Granted in a Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(b)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">4,999,994 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value at Fiscal Year-End of Outstanding Unvested Stock Options and Stock Awards Granted in Prior Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">4,735,296 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus / (Minus)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Change in Fair Value of Outstanding and Unvested Stock Options and Stock Awards Granted in Prior Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(990,931)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus / (Minus)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Change in Fair Value of Vesting Date of Stock Option and Stock Awards Granted in Years Prior for which Applicable Vesting Conditions Were Satisfied During Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(240,277)</span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value as of Prior Fiscal Year End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid to PEO</span></td><td colspan="2" style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,414,084 </span></td><td style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>
11909990
0
-4999994
4735296
-990931
-240277
0
10414084
<div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">We have not reported any amounts in our SCT with respect to “Change in Pension and Nonqualified Deferred Compensation.” Accordingly, the adjustments with respect to such items prescribed by the pay versus performance rules are not relevant to our analysis and no adjustments have been made.</span></div><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The amounts reflect the aggregate grant date fair value reported in the “Share Awards” and “Option Awards” columns in the SCT for the applicable fiscal year.</span></div><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our PEO were remeasured at the end of each fiscal year, and as of the vesting date, during the years displayed in the table above. We approached the determination of fair value in the same way as we historically have determined fair value and fair values as of each measurement date using valuation assumptions and methodologies (including expected term, volatility, dividend yield, and risk-free interest rates) that are generally consistent with those used to estimate fair value at grant under U.S. GAAP. See Note 18 (Share-Based Compensation) to our audited financial statements included in our Annual Report on Form 10-K for Fiscal 2026. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">We have not reported any amounts in our SCT with respect to “Change in Pension and Nonqualified Deferred Compensation.” Accordingly, the adjustments with respect to such items prescribed by the pay versus performance rules are not relevant to our analysis and no adjustments have been made. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The amounts reflect the aggregate grant date fair value reported in the “Share Awards” and “Option Awards” columns in the SCT for the applicable fiscal year.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our Non-PEO NEOs were remeasured at the end of each fiscal year, and as of the vesting date, during the years displayed in the table above. We approached the determination of fair value in the same way as we historically have determined fair value and fair values as of each measurement date using valuation assumptions and methodologies (including expected term, volatility, dividend yield, and risk-free interest rates) that are generally consistent with those used to estimate fair value at grant under U.S. GAAP. See Note 18 (Share-Based Compensation) to our audited financial statements included in our Annual Report on Form 10-K for Fiscal </span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2026</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">. </span></div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:10.62pt">TSR is calculated assuming that a $100 investment was made on the day prior to the first fiscal year reported in the table above and that all dividends are reinvested until the last day of each reported fiscal year. </span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">On the last business day of f</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">iscal 2021</span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">, which was </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">March 27, 2021</span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">, our share price was </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">$50.18</span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> compared to $17.27 on the last business day of Fiscal 2026. </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:11.68pt">The dollar amounts reported are the Company</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">’</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">s net (loss) income reflected in the Company</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">’</span>s audited financial statements for the applicable year.
<span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:10.62pt">The average compensation actually paid to our Non-PEO NEOs in each of the years listed as reflected in column (e) reflects the amount set forth in column (d) of the table above adjusted in accordance with SEC rules. The dollar amounts in column (e) do not reflect the actual amount of compensation earned or paid to any Non-PEO NEOs in the applicable fiscal year. The adjustments made to our Non-PEO’s average total compensation for Fiscal </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2026 </span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">to determine CAP are shown in the table below.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.470%"><tr><td style="width:1.0%"></td><td style="width:83.656%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.144%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#3a93a1;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">2026<br/>($)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average Summary Compensation Table Total for Non-PEO NEOs</span></td><td colspan="2" style="border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:right"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,860,083 </span></div></td><td style="border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><div style="margin-bottom:6pt;text-align:right"></div></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Changes in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(a)</span></div></td><td colspan="2" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Grant Date Fair Value of Stock Options and Stock Awards Granted in a Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(b)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">781,251 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value at Fiscal Year-End of Outstanding Unvested Stock Options and Stock Awards Granted in Prior Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">775,414 </span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus / (Minus)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Change in Fair Value of Outstanding and Unvested Stock Options and Stock Awards Granted in Prior Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(108,897)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f5f3ea;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Plus / (Minus)</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Change in Fair Value of Vesting Date of Stock Option and Stock Awards Granted in Years Prior for which Applicable Vesting Conditions Were Satisfied During Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#f5f3ea;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(65,230)</span></td><td style="background-color:#f5f3ea;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:underline">Minus</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value as of Prior Fiscal Year End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(c)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#118f9d;font-family:'Futura LT Medium',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Average Compensation Actually Paid to Non-PEO NEOs</span></td><td colspan="2" style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,680,119 </span></td><td style="border-bottom:0.5pt solid #8b7060;border-top:0.5pt solid #8b7060;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table>
1860083
0
-781251
775414
-108897
-65230
0
1680119
<span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:11.68pt">The peer group used is the S&P 500 Apparel, Accessories & Luxury Goods Index, as used in the Company</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">’</span><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">s Share Performance Graph in our Annual Report on Form 10-K for Fiscal </span><span style="background-color:#ffffff;color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2026</span>. Peer group TSR is calculated assuming that a $100 investment was made on the day prior to the first fiscal year reported in the table above and that all dividends are reinvested until the last day of each reported fiscal year.
The Company selected financial measure is free cash flow as adjusted in accordance with the Incentive Plan.
free cash flow
<div style="text-align:center"><img alt="373" id="i-147" src="cpri-20260615_g42.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div><div style="margin-bottom:24pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">*TSR is calculated assuming that a $100 investment was made on the last business day prior to the first fiscal year reported in the graph and that all dividends are reinvested until the last day of each reported fiscal year. On the last business day of fiscal 2021, which was March 27, 2021, our share price was $50.18 compared to $17.27 on the last business day of Fiscal 2026. The peer group used is the S&P 500 Apparel, Accessories & Luxury Goods Index, as used in the Company’s Share Performance Graph in our Annual Report on Form 10-K for Fiscal 2026.</span></div>
<div style="text-align:center"><img alt="373" id="i-147" src="cpri-20260615_g42.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div><div style="margin-bottom:24pt"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:8pt;font-weight:400;line-height:120%">*TSR is calculated assuming that a $100 investment was made on the last business day prior to the first fiscal year reported in the graph and that all dividends are reinvested until the last day of each reported fiscal year. On the last business day of fiscal 2021, which was March 27, 2021, our share price was $50.18 compared to $17.27 on the last business day of Fiscal 2026. The peer group used is the S&P 500 Apparel, Accessories & Luxury Goods Index, as used in the Company’s Share Performance Graph in our Annual Report on Form 10-K for Fiscal 2026.</span></div>
<div style="text-align:center"><img alt="906" id="i-148" src="cpri-20260615_g43.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>
<div style="margin-bottom:3pt;text-align:center"><img alt="908" id="i-149" src="cpri-20260615_g44.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>
<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#f5f3ea;border-top:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Free Cash Flow</span></div></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #8b7060;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><span style="color:#000000;font-family:'Futura Std Book',sans-serif;font-size:9pt;font-weight:400;line-height:100%">SG&A Expense</span></div></td></tr></table></div>
Free Cash Flow
SG&A Expense