Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Information required by this Item is incorporated by reference from the discussion under the heading Stock Ownership in our 2024 Proxy Statement.

Equity Compensation Plan Information Table

The following table sets forth information about the grants of stock options, all share units and other rights under all of the Company’s equity compensation plans as of the close of business on December 31, 2023. The table does not include information about tax-qualified plans such as the West 401(k) Plan or the West Contract Manufacturing Savings and Retirement Plan.


Plan Category	Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)		Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (b)			Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Columns (a)) (c)
Equity compensation plans approved by security holders	1,753,588	(1)	$	145.40	(2)	5,148,900	(3)
Equity compensation plans not approved by security holders	—		—			—
Total	1,753,588		$	145.40		5,148,900

(1) Includes 1,071,534 outstanding stock options, 98,441 performance share units, 16,461 restricted retention share units, and 109,909 deferred stock-equivalents units under the 2016 Plan. Includes 350,914 outstanding stock options and 89,201 deferred stock-equivalents units under the 2011 Omnibus Incentive Compensation Plan (which was terminated in 2016). Includes 17,128 deferred stock-equivalents under the 2007 Omnibus Incentive Compensation Plan (which was terminated in 2011). Excludes cash-settled performance share units, cash-settled restricted retention share units, cash-settled deferred stock-equivalents units and cash-settled stock appreciation rights. The average term of remaining options is 4.7 years. No future grants or awards may be made under the terminated plans. The total includes restricted performance share units at 100% of grant. The restricted performance share unit payouts were at 200.00%, 189.25%, and 154.52% in 2023, 2022 and 2021, respectively.

(2) All share units, deferred stock-equivalent units and stock appreciation rights are excluded when determining the weighted-average exercise price of outstanding options.

(3) Represents 3,714,353 shares reserved under the Company’s Employee Stock Purchase Plan and 1,434,547 shares remaining available for issuance under the 2016 Plan. The estimated number of shares that could be issued for 2023 from the Employee Stock Purchase Plan is 137,310. This number of shares is calculated by multiplying the 69 shares per offering period per participant limit by 1,990, the number of current participants in the plan.

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