Part I:


Year	Summary Compensation Table Total for Mr. Berquist (1)		Compensation Actually Paid to Mr. Berquist (1) (2) (5)		Summary Compensation Table Total for Mr. Tometich (1)		Compensation Actually Paid to Mr. Tometich (1) (2) (5)		Summary Compensation Table Total for Mr. Barry (1)		Compensation Actually Paid to Mr. Barry (1)(5)		Average Summary Compensation Table Total for Non-PEO NEOs (3)		Average Compensation Actually Paid to Non-PEO NEOs (2) (3) (4) (5)
Year	Summary Compensation Table Total for Mr. Berquist (1)		Compensation Actually Paid to Mr. Berquist (1) (2) (5)		Summary Compensation Table Total for Mr. Tometich (1)		Compensation Actually Paid to Mr. Tometich (1) (2) (5)		Summary Compensation Table Total for Mr. Barry (1)		Compensation Actually Paid to Mr. Barry (1)(5)
2024	$	1,897,116	$	881,283	$	7,915,320	$	2,539,713	$	—	$	—	$	1,862,881	$	844,689
2023	$	—	$	—	$	4,809,759	$	5,130,084	$	—	$	—	$	1,830,213	$	1,927,256
2022	$	—	$	—	$	3,555,003	$	2,624,688	$	—	$	—	$	1,427,714	$	1,059,280
2021	$	—	$	—	$	2,456,970	$	2,361,197	$	4,400,422	$	2,648,915	$	935,317	$	613,817
2020	$	—	$	—	$	—	$	—	$	7,045,414	$	10,839,520	$	1,244,976	$	1,837,408

Part II:


Year	Value of Initial Fixed $100 Investment Based on			Net Income ($M)	Adjusted EBITDA (7) (in thousands)
	Total Shareholder Return (6)	Prior Peer Group Total Shareholder Return (6)	Peer Group Total Shareholder Return (6)
2024	$89.60	$161.74	$144.62	$116.73	$310,918
2023	$134.50	$165.83	$146.19	$112.87	$320,379
2022	$104.16	$142.31	$131.59	$(15.84)	$257,150
2021	$142.48	$146.30	$148.89	$121.43	$274,109
2020	$155.43	$110.65	$118.22	$39.79	$221,974

Peer Group Issuers, Footnote

Total Shareholder Return (“TSR”) assumes $100 invested on December 31, 2019, including reinvestment of dividends. Our Peer Group is the S&P Composite 1500 Chemicals Index. Our prior Peer Group in our proxy statement for the 2024 annual meeting of shareholders was the S&P 400 MidCap Materials Index. The Company shifted from the S&P 400 MidCap Materials Index to the S&P Composite 1500 Chemicals Index to align with the peer group industry index reported in our Annual Report on Form 10-K for the year ended December 31, 2024.

Non-PEO NEO Average Total Compensation Amount

$ 1,862,881

$ 1,830,213

$ 1,427,714

$ 935,317

$ 1,244,976

Adjustment to Non-PEO NEO Compensation Footnote

The non-PEO NEOs reflected in Part I of the above table consist of Messrs. Coler, Hostetter, Bijlani, Fleck and Traub and Ms. Leneis for 2024, Messrs. Hostetter, Berquist, Bijlani and Ms. Leneis for 2023 and 2022; Ms. Hall and Messrs. Hostetter, Berquist, Bijlani and Platzer for 2021; and Ms. Hall and Messrs. Berquist, Bijlani and Platzer for 2020.

4. To calculate average CAP for the non-PEO NEOs, the following amounts were deducted from and added to average SCT total compensation:

Non-PEO NEOs


Year	Average Summary Compensation Table Total for Non-PEO NEOs	Equity Adjustment	Average Compensation Actually Paid to Non-PEO NEOs Total

2024	$1,862,881	$(1,018,192)	$844,689


Equity Adjustment for Non-PEO NEOs	2024
Average SCT Total	$	1,862,881
(-) Grant Date Fair Value from Prior Fiscal Year-End to Current Fiscal Year-End of Option Awards and Stock Awards Granted in Fiscal Year	$	(1,055,915)
(+) Fair Value at Current Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Current Fiscal Year	$	573,024
(+) Change in Fair Value from Prior Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years	$	(226,283)
(+) Change in Fair Value from Prior Fiscal Year-End to Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Current Fiscal Year	$	1,219
(-) Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Current Fiscal Year	$	(310,238)
Compensation Actually Paid	$	844,689

5. In calculating CAP, the Company determined the fair value of outstanding and vested equity awards in the applicable fiscal year in accordance with the SEC rules for CAP and computed in a manner consistent with the fair valuation methodology used to account for share-based payments for financial reporting purposes consistent with U.S. generally accepted accounting principles. For restricted stock, CAP values are based on closing share price at the applicable measurement date. For performance share units, the CAP values are estimated using a Monte Carlo simulation incorporating assumptions regarding risk-free interest rate, dividend yield and expected term as of the applicable measurement date, as well as estimates as to the probable outcome of performance conditions as of the measurement date. For options, the valuations of outstanding awards as of the applicable measurement date are based on a Black-Scholes option pricing model that incorporate assumptions regarding dividend yield, expected volatility, risk-free interest rate and expected term to determine the fair value for CAP purposes. For more information about the Company’s share-based accounting, see Note 8 of Notes to Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 provided with this proxy statement. For more information about the probability of achievement of outstanding performance units, see the “Outstanding Equity Awards at Fiscal Year-End” table.

Compensation Actually Paid vs. Net Income

CAP versus Net Income

The chart below illustrates the relationship between our PEO and other NEOs’ average CAP to the Company’s net income.

Total Shareholder Return Vs Peer Group

TSR: Company versus Peer Group

The following graph compares the cumulative total return (assuming reinvestment of dividends) from December 31, 2019 to the last day of each applicable fiscal year for Quaker Houghton’s common stock, the S&P Composite 1500 Chemicals Group Index, assuming the investment of $100 on December 31, 2019 in each of Quaker Houghton’s common stock and the stocks comprising the index.

Peer Group Total Shareholder Return Amount

144.62

146.19

131.59

148.89

118.22

Company Selected Measure Amount

310,918,000

320,379,000

257,150,000

274,109,000

221,974,000

Peer Group Total Shareholder Return Amount, Two

$ 161.74

$ 165.83

$ 142.31

$ 146.30

$ 110.65

Pay vs Performance Disclosure

Non-GAAP Measure Description

The Company Selected Measure is adjusted EBITDA, which is a non-GAAP financial measure. A full discussion of our use of non-GAAP financial measures to enhance a reader’s understanding of the financial performance of the Company, and a reconciliation of these measures to the GAAP measures can be found on pages 30 to 34 in “Non-GAAP Measures” of Item 7 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.