Spirit Aviation promotes Thomas Canfield to EVP & GC; grants equity and cash awards to NEOs

Spirit Aviation Holdings, Inc.

Thomas Canfield promoted to EVP & General Counsel; salary raised to $610,000, bonus target to 100%, LTI target to $1,500,000.
Committee approved RSUs, PSUs, and Performance Cash Awards to NEOs (Cromer, Bendoraitis, Canfield) each with $375k RSUs, $375k PSUs, $3.75M cash.
RSUs vest over 3 years; PSUs vest April 2028 based on equity valuation growth.
Performance Cash Awards vest over two annual periods with catch-up provision.
Also adopted 2025 Executive Severance Plan for NEOs, substantially similar to 2017 plan.

item 5.02item 9.01

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