REVVITY, INC.
Shareholder Proposals
Item 5
Require the five named executive officers to retain 25% of net after-tax shares acquired through equity compensation until retirement and prohibit hedging of those shares.
Require the five named executive officers to retain a significant percentage (recommended 25%) of net after-tax shares acquired through Company equity pay programs until they reach retirement, and to prohibit hedging of shares subject to the policy. The proposal asks the board to report to shareholders about the policy and encourages the board to obtain waivers if existing contractual terms would otherwise delay implementation. It is framed as a measure to better align executives with long-term shareholder value, supplement existing stock ownership guidelines, and address perceived recent share-price decline and operational and legal concerns cited by the proponent. The policy would be an additional governance requirement focused on executive ownership and behavior rather than replacing existing compensation plan terms.