Hp Inc DEF 14A, filed Feb 25, 2026

Hp Inc (HPQ)

DEF 14A 2026-02-25 For: 2026-04-16

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Added on June 12, 2026

About this DEF 14A

Hp Inc filed this DEF 14A on February 25, 2026.

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CHECK THE APPROPRIATE BOX:
☐						Preliminary Proxy Statement
☐						Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☑						Definitive Proxy Statement
☐						Definitive Additional Materials
☐						Soliciting Material Under Rule 14a-12


PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY):
☑						No fee required.
☐						Fee paid previously with preliminary materials
☐						Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11


			Time and Date 2:00 p.m., Pacific Time, on April 16, 2026

			Place Online at www.virtualshareholder meeting.com/HPQ2026

			Record Date February 17, 2026


Voting Internet www.proxyvote.com/HP prior to the meeting Telephone 1-800-690-6903 During the meeting please visit www.virtualshareholdermeeting.com/HPQ2026 Mail You can vote by mail by requesting a paper copy of the materials, which will include a proxy card. Return the card to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.


Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to Be Held on April 16, 2026. The definitive proxy statement and HP Inc.'s 2025 Annual Report are available electronically at www.proxyvote.com/HP.


Board proposals		Board recommendation		Page

1	To elect the 12 Directors named in this proxy statement		FOR each Director nominee	8


2	To ratify the appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending October 31, 2026		FOR	48


3	To approve, on an advisory basis, the Company's named executive officer compensation ("say on pay" vote)		FOR	50


4	To approve the Fifth Amended and Restated HP Inc. 2004 Stock Incentive Plan		FOR	96


Stockholder proposal


5	To consider and vote on a stockholder proposal described in this proxy statement, if properly presented at the meeting.		AGAINST	108


Such other business as may properly come before the meeting


Corporate governance and Board of Directors		8


	BOARD PROPOSAL NO. 1	8


	Election of Directors


Vote required		8
Who we are		8
How we are selected		24
How we are organized		26
About our corporate governance		31
Stockholder engagement		41
Related-person transactions policies and procedures		42
How we are compensated		44

Audit matters		48


	BOARD PROPOSAL NO. 2	48


	Ratification of Independent Registered Public Accounting Firm


Vote required		48
Report of the Audit Committee of the Board of Directors		48
Principal accountant fees and services		49
Pre-approval of audit and non-audit services policy		49

Executive compensation		50


	BOARD PROPOSAL NO. 3	50


	Advisory Vote to Approve Named Executive Officer Compensation


Vote required		50
Compensation discussion and analysis		51
HR and Compensation Committee report on executive compensation		76
Executive compensation tables		77


Message from our Chair and our Interim Chief Executive Officer



Chip Bergh Chair of the Board						Bruce Broussard Interim Chief Executive Officer



	BOARD PROPOSAL NO. 4	96


	Approval of Fifth Amended and Restated HP Inc. 2004 Stock Incentive Plan


Vote required		96

Ownership of our stock		105
Common stock ownership of certain beneficial owner s and management		105

Stockholder proposal		108


	S TOCK HOLDER PROPOSAL	108


	Independent Board Chairman


Vote required		110

Other matters		111
Questions and answers		111

Forward-looking statements		120

Reconciliation of GAAP measures to non-GAAP measures		121

Annex A : Fi fth a mended and r estated HP Inc. 2004 s tock i ncentive p lan		122



			Board proposal no. 1


			Election of Directors


						The board recommends a vote FOR each Director nominee.


Name and principal occupation		Age	HP Director since	Committees	Other current public company/public registrant boards

	Chip Bergh INDEPENDENT Senior Lecturer, Harvard Business School	68	2015	H N	e.l.f. Beauty, Inc. Pinterest, Inc.


	Bruce Broussard Interim Chief Executive Officer, HP Inc.	63	2021		Marsh & McLennan Companies, Inc.


	Stacy Brown-Philpot INDEPENDENT Founder and Managing Director, Cherryrock Capital	50	2015	A N


	Stephanie A. Burns INDEPENDENT Director	71	2015		Corning Incorporated


	Mary Anne Citrino INDEPENDENT Senior Advisor and former Senior Managing Director, Blackstone	66	2015	A F	Alcoa Corporation


	Richard L. Clemmer INDEPENDENT General Partner, Socratic Partners, and Chairman, Privafy, inc., Axon Networks, Pallidus and SecEdge, Inc.	74	2020		Seagate Technology Holdings plc Qorvo, Inc.


	Fama Francisco INDEPENDENT Chief Executive Officer, Baby, Feminine and Family Care, Procter & Gamble Company	57	2024	H N


	David Meline INDEPENDENT Director	68	2023		ABB Ltd. Lonza Group Ltd Eikon Therapeutics, Inc.


	Judith “Jami” Miscik INDEPENDENT Senior Advisor, Lazard Geopolitical Advisory Group	67	2021	A N	General Motors Company Morgan Stanley


	Gianluca Pettiti INDEPENDENT Executive Vice President and President, Life Sciences, Diagnostics and Applied, Thermo Fisher Scientific Inc.	47	2025	F H


	Kim K.W. Rucker INDEPENDENT Director	59	2021		Celanese Corporation GE Vernova Inc. Marathon Petroleum Corporation


	Songyee Yoon INDEPENDENT Managing Partner, Principal Venture Partners	50	2025	A F



Business and management HP requires a Board well-versed in navigating complexity and capitalizing on business opportunities to further our innovation and growth.
Current or former CEO Experience as a CEO of a standalone company or substantial segment.
Customer experience HP’s customers are the foundation of our mission – we continually seek to better serve our customer base with products and solutions that inspire and innovate.
Disruptive innovation We continually seek to reinvent the Print and PC industries to deliver amazing innovative experiences to our customers – having disruptive innovators on our Board helps inform our strategy.
Environmental and societal matters Experience in environmental and social responsibility related issues and topics strengthens the Board’s oversight of HP’s policies and programs relating to these issues and reinforces HP’s commitment to sustainability and social responsibility.
Finance and capital allocation It is essential that we have Directors with strong financial acumen and experience to provide sound oversight and guide our investment strategies and capital allocation.
Government and government affairs Government and government affairs experience offers us insight into the regulatory environment of the many jurisdictions in which we operate, their legislative and administrative priorities, and the potential implications for our business.
Human capital management Experience in talent development, managing compensation and establishing culture strengthens the Board’s oversight of HP’s key human capital management strategies and programs.
International business and affairs HP operates in over 170 countries worldwide, making international business experience a vital perspective on our Board and enabling us to succeed in the many markets in which we operate.
Operations HP operates one of the world’s largest supply chains – we benefit from Directors who have successfully led complex operations and can help us to optimize our business model.
Risk management Experience identifying, assessing and managing a broad spectrum of risks enables directors to effectively oversee the most significant risks facing HP.
Strategic transactions; M&A HP benefits from having Directors with experience leading organizations through significant strategic transactions, including mergers, acquisitions and divestitures.
Strategy The dynamic and fast-moving markets in which HP operates globally require a Board with strong strategic insights gained through multi-faceted and challenging prior experiences.
Technology, cybersecurity and science With our deep history of innovation and our reliance on cutting edge R&D, science and engineering, and the importance of cybersecurity to our business, we know that backgrounds in technology and user experience, cybersecurity policy, governance and risk management, and science and design, add valuable and vital components to our Board dialogue.
Independent
Tenure	10	5	10	10	10	6	1	2	5	1	4	1



HP does not use mandatory retirement age or term limits for directors as formal refreshment mechanisms; however, we actively monitor the tenure of our Directors with a view that our average tenure should not exceed ten years and Directors with greater than ten years of service should be closely evaluated.



			1						Evaluation process and assessment


									The NGSR Committee, working with the independent Chair, determines the process, scope and contents of the Board’s annual self-evaluation. As part of this process, tailored questionnaires for the Board and each Committee are prepared and reviewed prior to the distribution to each of the Directors. Topics include: ▪Board and Committee roles, effectiveness, and topical focus ▪Board and Committee composition, size and culture ▪Board and Committee oversight of strategic priorities, governance and risk matters ▪Access to management and ability to act independently


			2						Review and discussion


									Following completion of the questionnaires, either the independent Chair or Chair of the NGSR Committee meets with each director individually to solicit feedback. The results of the Committee evaluations are shared with the Chairs of each Committee on an anonymized basis. The Chair of the NGSR Committee then provides the NGSR Committee and the Board with a summary of responses to the questionnaires. Separately, each Committee Chair additionally reviews the applicable Committee self-evaluation results with members of the relevant Committee.


			3						Feedback incorporated


									Policies and practices are enhanced as a result of the self-evaluation results. Examples include enhancements to the Board’s oversight of developing strategy and risk topics, enhancing the Board’s oversight of leadership development, and enhancements to governance practices and procedures.



			▪Independent Board Chair ▪Supermajority of independent Directors ▪Reasonable average Director tenure ▪Annual election of Directors ▪Majority vote for Directors in uncontested elections ▪Committee memberships limited to independent Directors ▪Executive sessions of non-employee Directors ▪Annual Board and committee self-evaluations			▪Strong Director and officer stock ownership guidelines ▪Director-shareholder engagement program ▪One share, one vote ▪Stockholder right to call a special meeting (15% threshold) ▪Stockholder right to proxy access (3% threshold for 3 years) ▪No poison pill



						The independent Chair has the following responsibilities: ▪oversees the planning of the annual Board calendar; ▪in consultation with the CEO and the other Directors, schedules, approves and sets the agenda for meetings of the Board and chairs and leads the discussion at such meetings; ▪chairs HP’s annual meeting of stockholders; ▪is available in appropriate circumstances to speak on behalf of the Board and for consultation and direct communication with stockholders; ▪provides guidance and oversight to management; ▪helps with the formulation and implementation of HP’s strategic plan; ▪serves as the Board liaison to management; ▪has the authority to call meetings of the independent Directors and schedules, sets the agenda for, and presides at executive sessions of the independent Directors; ▪advises on information sent to the Board; ▪works with the HRC Committee to coordinate the annual performance evaluation of the CEO; ▪works with the NGSR Committee to oversee the Board and committee evaluations; and ▪performs such other functions and responsibilities as set forth in the Corporate Governance Guidelines or as requested by the Board from time to time.
Chip Bergh Independent Chair


Table of contents


4/12


4/12



Board ▪Stays informed of risk profile and provides overall oversight and governance ▪Considers risk in connection with strategic planning and other matters


Audit	Finance, investment and technology	HR and compensation	Nominating, governance and social responsibility


▪Financial reporting and processes ▪Selection and performance of independent auditor ▪Audit and non-audit services ▪Internal and disclosure controls and procedures ▪Internal audit staffing and performance ▪Cybersecurity, information and technology security, and data protection ▪Risk assessment and management	▪Treasury policy and operations ▪Liquidity ▪Capital allocation, investment, and shareholder return ▪Mergers and acquisitions ▪Growth and technology strategies ▪Risk assessment and management	▪Executive and Director compensation ▪Executive succession planning ▪Talent and leadership development ▪Human capital management ▪Risk assessment and management ▪Culture and engagement ▪HR policy	▪Governance policies and practices ▪Board composition and tenure ▪Director succession and recruiting ▪Public policy and government relations ▪Sustainability and societal matters ▪Risk assessment and management


HP management HP Management advises the Board and its Committees of key risks and the status of ongoing efforts to address these risks



Each non-employee Director receives an annual cash retainer for services during the period that begins on or around the date of the annual meeting, when non-employee Directors stand for election, and ends on or around the day prior to the next annual meeting (each such period, a “Board Year”). For the 2025 Board Year, which began March 1, 2025, each non-employee Director was entitled to receive an annual cash retainer of $115,000. Each non-employee Director also received an annual equity retainer of $230,000 for service during the 2025 Board Year, with grants made on the date of the annual meeting. Equity grants to non-employee Directors are intended to strengthen alignment with stockholder interests and to reinforce a long-term ownership view of the Company and its value. Retention is not the focus of equity grants for non-employee Directors, which is why such equity grants are not subject to service-related vesting. The Chair receives an additional $200,000 annual cash retainer in recognition of the greater duties and commitment that the position requires. In addition to the regular annual cash and equity retainers, and the Chair retainer described above, the non-employee Directors who served as chairs of standing committees during fiscal 2025 received additional cash retainers for such service. * Each non-employee Director also receives $2,000 for each Board meeting attended in excess of a total of ten meetings per Board Year, and $2,000 for each committee meeting attended in excess of a total of ten meetings of each committee per Board Year.	Annual Director compensation

		$115,000 Annual Cash Retainer
		$230,000 Annual Equity Retainer

	Additional cash compensation*

	Chair of the Board		$	200,000
	Committee Chair Fees
	Audit Committee		$	40,000
	HRC		$	30,000
	NGSR		$	25,000
	Other Board standing Committees		$	25,000


Name	Fees earned or paid in cash(1) ($)	Stock awards(2) ($)	All other compensation ($)	Total compensation ($)
Aida Alvarez	49,082	—	—	49,082
Robert R. Bennett	49,082	—	—	49,082
Chip Bergh	200,000	345,022	—	545,022
Bruce Broussard(3)	28,338	345,022	—	373,360
Stacy Brown-Philpot	111,676	230,015	—	341,691
Stephanie A. Burns	111,676	230,015	—	341,691
Mary Anne Citrino	—	345,022	—	345,022
Richard L. Clemmer	23,338	345,022	—	368,360
Fama Francisco	111,676	230,015	—	341,691
David Meline	149,947	230,015	—	379,962
Judith “Jami” Miscik	111,676	230,015	—	341,691
Gianluca Pettiti(4)	79,073	234,863	—	313,936
Kim K.W. Rucker	135,014	230,015	—	365,029
Songyee Yoon(4)	83,388	243,903	—	327,291
Enrique Lores(5)	—	—	—	—


Name	Annual cash retainers(a) ($)	Committee chair and chair fees(b) ($)	Additional meeting fees ($)	Total ($)
Aida Alvarez(c)	49,082	—	—	49,082
Robert R. Bennett(c)	49,082	—	—	49,082
Chip Bergh	—	200,000	—	200,000
Bruce Broussard	—	28,338	—	28,338
Stacy Brown-Philpot	111,676	—	—	111,676
Stephanie A. Burns	111,676	—	—	111,676
Mary Anne Citrino	—	—	—	—
Richard L. Clemmer	—	23,338	—	23,338
Fama Francisco	111,676	—	—	111,676
David Meline	111,676	38,271	—	149,947
Judith “Jami” Miscik	111,676	—	—	111,676
Gianluca Pettiti(c)	79,073	—	—	79,073
Kim K.W. Rucker	111,676	23,338	—	135,014
Songyee Yoon(c)	83,388	—	—	83,388


Name	Stock awards granted during fiscal 2025 (#)	Grant date fair value of stock awards granted during fiscal 2025(a) ($)	Stock awards outstanding at fiscal year end(b) (#)	Option awards outstanding at fiscal year end (#)
Aida Alvarez	—	—	—	—
Robert R. Bennett	—	—	—	—
Chip Bergh	14,352	345,022	87,002	146,148
Bruce Broussard	14,352	345,022	—	—
Stacy Brown-Philpot	9,568	230,015	119,572	—
Stephanie A. Burns	9,568	230,015	82,949	—
Mary Anne Citrino	14,352	345,022	113,649	159,671
Richard L. Clemmer	14,352	345,022	77,229	—
Fama Francisco	9,568	230,015	—	—
David Meline	9,568	230,015	9,779	—
Judith “Jami” Miscik	9,568	230,015	—	—
Gianluca Pettiti(c)	9,708	234,863	—
Kim K.W. Rucker	9,568	230,015	35,091	—
Songyee Yoon(c)	9,994	243,903	9,779



			Board proposal no. 2


			Ratification of Independent Registered Public Accounting Firm


						Our Board recommends a vote FOR the ratification of the appointment of Ernst & Young LLP as our Independent Registered Public Accounting Firm for the 2026 fiscal year.


	2025		2024
	In millions
Audit Fees(1)	$	27.0	$	22.1
Audit-Related Fees(2)	$	1.9	$	4.0
Tax Fees(3)	$	1.5	$	1.5
All Other Fees(4)	$	0.9	$	0.2
Total	$	31.3	$	27.8



			Board proposal no. 3


			Advisory Vote to Approve Named Executive Officer Compensation


						Our Board recommends a vote FOR the approval of the compensation of our NEOs, as described in the following Compensation discussion and analysis, compensation tables and narrative discussion accompanying such compensation tables, and the other related disclosures in this proxy statement.


Introduction			51

Executive Summary			52

Executive compensation decision-making process			57

Determination of fiscal 2025 executive compensation			60


Fiscal 2026 compensation program			70

Other compensation-related matters			71

Executive compensation policies			73


Pay component	Role	Determination factors

Base salary 10%	▪Provides a fixed portion of annual cash income	▪Value of role in the competitive marketplace ▪Value of role to the Company ▪Skills, experience and individual performance compared to the market as well as others in the Company


Annual incentive 13% Payments to executives for annual incentive purposes, made under the HP Inc. 2004 Stock Incentive Plan, as amended and restated (the “2004 Stock Incentive Plan”)	▪Provides a variable and performance-based portion of annual cash income ▪Focuses executives on annual objectives that support our long-term strategy and the creation of value	▪Target awards are based on the competitive marketplace, position level, and the executive’s skills and performance ▪75% of actual awards are based on performance against annual corporate business unit financial metrics and individual goals as set and approved by the HRC Committee. Financial metrics are: —GAAP net revenue —Adjusted non-GAAP operating profit —Non-GAAP free cash flow ▪25% of actual awards are based on performance against individualized MBOs relating to Leadership and Culture, People, and Sustainable Impact


Long-term incentive ▪PARSUs ▪RSUs 77%	▪Supports long-term sustained performance and growth-oriented strategy ▪Performance goals align interests of executives and stockholders, reflecting the time-horizon and risk to investors ▪Focuses executives on critical long-term performance goals ▪Encourages equity ownership, further aligning interests of executives and stockholders ▪Retains key employees	▪Target awards are based on the competitive marketplace, position level, and the executive’s skills and performance ▪Actual earned values are based on performance against a corporate KGA revenue goal, EPS goals, relative TSR performance and stock price performance


All others ▪Benefits ▪Limited perquisites ▪Severance protection	▪Supports the health and security of our executives and their ability to save on a tax-deferred basis ▪Enhances executive productivity	▪Competitive market practices for similar roles ▪Level of executive ▪Standards of best-in-class compensation governance



HRC committee


The HRC Committee: ▪makes recommendations regarding the CEO’s compensation to the independent members of the Board for approval; and ▪reviews and approves the compensation of the remaining Section 16 officers, including our NEOs. The HRC Committee considered market competitiveness, business results, experience, and individual performance and skills when evaluating fiscal 2025 NEO compensation and the overall compensation structure. The HRC Committee met seven times in fiscal 2025, and all of these meetings included an executive session. Each HRC Committee member is an independent non-employee Director with significant experience in executive compensation matters.



Advisor to the HRC committee


The HRC Committee continued to retain Semler Brossy as its independent consultant during fiscal 2025 and worked with them and management on all aspects of our compensation program for senior executives. Semler Brossy: ▪provides analyses and recommendations that inform the HRC Committee’s decisions; ▪identifies peer group companies for competitive market comparisons; ▪evaluates market pay data and competitive-position benchmarking; ▪provides analyses and inputs on program structure, performance measures, and goals; ▪provides updates on market trends and the regulatory environment as it relates to executive compensation; ▪advises the HRC Committee on best practices in governance and oversight of human capital management; ▪conducts an independent compensation risk assessment; ▪reviews various management proposals presented to the HRC Committee related to executive and Director compensation; and ▪works with the HRC Committee to validate and strengthen the pay-for-performance relationship and alignment with stockholder interests. Semler Brossy does not perform other services for HP and will not do so without the prior consent of the HRC Committee chair. Semler Brossy meets with the HRC Committee chair and the HRC Committee outside the presence of management while in executive session. The HRC Committee has assessed the independence of Semler Brossy pursuant to the applicable rules and determined that its engagement does not raise any conflict of interest. Semler Brossy participated in all HRC Committee meetings and, when requested by the HRC Committee chair, in the preparatory meetings and executive sessions.



Management and the CEO


The CEO recommends compensation for non-CEO Section 16 officers for approval by the HRC Committee. During fiscal 2025, Mr. Lores: ▪provided input to the HRC Committee regarding performance metrics and the setting of appropriate performance targets for his direct reports; and ▪recommended MBOs for the NEOs and the other senior executives who report directly to him. The Chief People Officer and other members of our executive compensation team, together with the CFO and members of our legal organization and the input of the HRC Committee’s independent consultant: ▪work with the CEO to design and develop the compensation program; ▪recommend changes to existing program components applicable to NEOs and other senior executives; ▪develop financial and other targets to be achieved under applicable components of the program; ▪prepare analyses of financial data, peer comparisons and other briefing materials to assist the HRC Committee in making its decisions; and ▪implement the decisions of the HRC Committee. Mr. Lores was subject to the same financial performance goals as the executives who lead global functions and the businesses, and Mr. Lores’ MBOs and compensation were established by the HRC Committee and recommended to the independent members of the Board for approval. Mr. Lores was not present at the portion of any Board meeting during which his own compensation was discussed and considered.


Executive	Position	Fiscal year-end 2024 base salary			Fiscal year-end 2025 base salary			Percentage change
Enrique Lores	President and CEO*		$	1,400,000		$	1,450,000	4	%
Karen Parkhill	Chief Financial Officer		$	950,000		$	950,000	0	%
Alex Cho	President, Personal Systems**		$	827,600		$	827,600	0	%
David McQuarrie	Chief Commercial Officer		$	715,000		$	800,000	12	%
Julie Jacobs	Chief Legal Officer and General Counsel		$	756,000		$	800,000	6	%


	Corporate goals(1)
Key design elements	GAAP net revenue ($ in billions)		Adjusted non-GAAP operating profit ($ in billions)		Non-GAAP free cash flow ($ in billions)		MBOs		% Payout metric(2) (%)
Weight	25	%	25	%	25	%	25	%
Linkage	Corporate		Corporate		Corporate		Individual
Corporate Performance Goals
Maximum	—		—		—		Various		200
Target	55.4		5.1		3.4		Various		100
Threshold	—		—		—		Various		0


Financial performance metrics	Definition(1)	Rationale for metric

25% GAAP Net Revenue	Net revenue as reported in our Annual Report on Form 10-K for fiscal 2025	Reflects top line financial performance, which is a strong indicator of our long-term ability to drive stockholder value


25% Adjusted Non-GAAP Operating Profit(2)	Non-GAAP operating profit, as defined and reported in our fourth quarter fiscal 2025 earnings press release (of $4.1 billion in fiscal 2025) and further adjusted by excluding bonus, as summarized in footnote (2) below	Reflects operational financial performance, which is directly tied to stockholder value on a short-term basis. Provides stronger alignment with our long-term strategic and financial plans


25% Non-GAAP Free Cash Flow(3)	Net cash provided by operating activities adjusted for net investments in leases from integrated financing and net investments in property, plant, equipment and purchased intangibles as reported in our fourth quarter fiscal 2025 earnings press release and summarized in footnote (3) below	Reflects cash management practices, including working capital and capital expenditures, enabling the Company to pursue opportunities that contribute to long-term stockholder value


Metric	Weight(1)		Target ($ in billions)			Result (2) ($ in billions)			Percentage of target annual incentive funded
GAAP Net Revenue	25.0	%		$	55.4		$	55.0	22.9%
Adjusted Non-GAAP Operating Profit	25.0	%		$	5.1		$	4.8	7.2%
Non-GAAP Free Cash Flow	25.0	%		$	3.4		$	3.3	17.9%
Total	75.0	%							48.0% (Adjusted to 39.8%(3))


Individual non-financial performance metric	Definition	Rationale for metric

25% MBOs	Individual strategic goals with focus areas on Leadership and Culture, People, and Sustainable Impact, which are important to the long-term success of the Company	To further drive individual performance and achievement of key strategic goals


Named executive officer	Position	Target MBO (%)	MBO actual (%)
Enrique J. Lores	President and CEO	25.0	25.0
Karen Parkhill	Chief Financial Officer	25.0	31.3
Alex Cho	President, Personal Systems	25.0	25.0
David McQuarrie	Chief Commercial Officer	25.0	25.0
Julie Jacobs	Chief Legal Officer and General Counsel	25.0	31.3