filings.toolsItem 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
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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 2025 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, 2024. 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 | 1,493,423 | (1) | $ | 176.37 | (2) | 5,023,907 | (3) | |||||||||||||
| Equity compensation plans not approved by security holders | — | — | — | |||||||||||||||||
| Total | 1,493,423 | $ | 176.37 | 5,023,907 |
(1) Includes 1,047,352 outstanding stock options, 93,373 restricted performance share units, 18,468 restricted retention share units, and 110,960 deferred stock-equivalents units under the 2016 Plan. Includes 116,941 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 4.6 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 107.64%, 200.00%, and 189.25% in 2024, 2023 and 2022, respectively.
(2) All restricted performance share units, restricted retention share units, deferred stock-equivalent units and stock appreciation rights are excluded when determining the weighted-average exercise price of outstanding options.
(3) Represents 3,689,116 shares reserved under the Company’s Employee Stock Purchase Plan and 1,334,791 shares remaining available for issuance under the 2016 Plan. The estimated number of shares that could be issued for 2024 from the Employee Stock Purchase Plan is 150,738. This number of shares is calculated by multiplying the 74 shares per offering period per participant limit by 2,037, the number of current participants in the plan.
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