Item 11. Executive Compensation.

The information required on executive compensation is incorporated by reference from the discussion under the headings “Compensation Discussion and Analysis,” “Summary Compensation Table,” “All Other Compensation”, “CEO Pay Ratio,” “Pay Versus Performance”, “Grants of Plan-Based Awards”, “Outstanding Equity Awards”, “Option Exercises and Stock Vested”, “Pension Benefits”, “Nonqualified Deferred Compensation” table, and “Potential Payments Upon Termination or a Change in Control”, as well as all footnote information to the applicable tables, of the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on May 26, 2026.

The required information on director compensation is incorporated by reference from the discussion under the heading “Director Compensation” and related “Schedule of Director Fees” table and “2025 Director Compensation” table of the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on May 26, 2026.

The required information under the headings “Compensation and Management Development Committee Interlocks and Insider Participation” and “Compensation and Management Development Committee Report” is incorporated by reference from the Company’s Proxy Statement for the Annual Meeting of Shareholders to be held on May 26, 2026.