BLL 10-K Fiscal year ended Dec. 31, 2021

In making such determinations for our Named Executive Officers, the Compensation Committee has generally reviewed publicly available compensation data including from the following manufacturing companies: AptarGroup, Inc.; Avery Dennison Corporation; Ball Corporation; Berry Global Group, Inc.; Clearwater Paper Corporation; Crown Holdings, Inc.; Graphic Packaging Holding Company; Greif, Inc.; O-I Glass, Inc.; Packaging Corporation of America; Pactiv Evergreen Inc.; Sealed Air Corporation; Sonoco Products Company; and Sylvamo Corp. Although the Compensation Committee does not use benchmarking to determine any element of compensation, the Compensation Committee believes that it is important from time to time to review compensation information from other appropriate companies to gain a general understanding of the competitiveness of the Company’s compensation program. For all other executive officers of the Company, the Compensation Committee reviews recommendations of the CEO of the Company and other information available to the Compensation Committee. For 2024, the salaries of each of Messrs. Greenlee, Lewis and Hogan were increased 2.0 percent, slightly below the general increase associated with inflation in the cost of living of 3.0 percent provided to other officers of the Company. For 2024, the salaries of Ms. Ulmer and Mr. Snyder were increased 3.0 percent based on a general increase associated with inflation in the cost of living. In addition, the salary of Ms. Ulmer for 2024 was increased an additional 7.53% based on competitive pay levels in connection with her appointment as Chief Financial Officer of the Company in March 2023.

The table below summarizes the total compensation for the fiscal years ended December 31, 2024, 2023 and 2022 paid to or earned by our Named Executive Officers, consisting of those individuals who served as Chief Executive Officer or Chief Financial Officer of the Company during 2024 and the three most highly compensated executive officers of the Company for 2024 (other than those who served as CEO or CFO during 2024).

Limited, initially as Executive Vice President and Chief Financial Officer and later as President of Business Communication Services, an operating division of Moore Corporation Limited. Prior to joining Moore Corporation Limited, Mr. Lewis served as Executive Vice President and Chief Financial Officer of Walter Industries, Inc. and World Color Press, Inc. and in various senior financial management roles at L.P. Thebault, a U.S. based commercial printer. Mr. Lewis brings to our Board of Directors considerable knowledge of the Company and the consumer goods packaging industry, significant senior financial officer and finance experience and extensive executive management experience.

In making such determinations for our Named Executive Officers, the Compensation Committee has generally reviewed publicly available compensation data including from the following manufacturing companies: AptarGroup, Inc.; Avery Dennison Corporation; Ball Corporation; Berry Global Group, Inc.; Clearwater Paper Corporation; Crown Holdings, Inc.; Graphic Packaging Holding Company; Greif, Inc.; O-I Glass, Inc.; Packaging Corporation of America; Pactiv Evergreen Inc.; Sealed Air Corporation; Sonoco Products Company; and Sylvamo Corp. Although the Compensation Committee does not use benchmarking to determine any element of compensation, the Compensation Committee believes that it is important from time to time to review compensation information from other appropriate companies to gain a general understanding of the competitiveness of the Company’s compensation program. For all other executive officers of the Company, the Compensation Committee reviews recommendations of the CEO of the Company and other information available to the Compensation Committee. For 2024, the salaries of each of Messrs. Greenlee, Lewis and Hogan were increased 2.0 percent, slightly below the general increase associated with inflation in the cost of living of 3.0 percent provided to other officers of the Company. For 2024, the salaries of Ms. Ulmer and Mr. Snyder were increased 3.0 percent based on a general increase associated with inflation in the cost of living. In addition, the salary of Ms. Ulmer for 2024 was increased an additional 7.53% based on competitive pay levels in connection with her appointment as Chief Financial Officer of the Company in March 2023.

In making such determinations for our Named Executive Officers, the Compensation Committee has generally reviewed publicly available compensation data including from the following manufacturing companies: AptarGroup, Inc.; Avery Dennison Corporation; Ball Corporation; Berry Global Group, Inc.; Clearwater Paper Corporation; Crown Holdings, Inc.; Graphic Packaging Holding Company; Greif, Inc.; O-I Glass, Inc.; Packaging Corporation of America; Pactiv Evergreen Inc.; Sealed Air Corporation; Sonoco Products Company; and Sylvamo Corp. Although the Compensation Committee does not use benchmarking to determine any element of compensation, the Compensation Committee believes that it is important from time to time to review compensation information from other appropriate companies to gain a general understanding of the competitiveness of the Company’s compensation program. For all other executive officers of the Company, the Compensation Committee reviews recommendations of the CEO of the Company and other information available to the Compensation Committee. For 2024, the salaries of each of Messrs. Greenlee, Lewis and Hogan were increased 2.0 percent, slightly below the general increase associated with inflation in the cost of living of 3.0 percent provided to other officers of the Company. For 2024, the salaries of Ms. Ulmer and Mr. Snyder were increased 3.0 percent based on a general increase associated with inflation in the cost of living. In addition, the salary of Ms. Ulmer for 2024 was increased an additional 7.53% based on competitive pay levels in connection with her appointment as Chief Financial Officer of the Company in March 2023.

Adam J. Greenlee , age 51, has been one of our Directors since November 2022. Mr. Greenlee has been our Chief Executive Officer since September 2021 and our President since April 2019. Mr. Greenlee was our Chief Operating Officer from August 2009 through August 2021. From October 2007 through March 2019, Mr. Greenlee was an Executive Vice President of the Company. From January 2006 until October 2007, Mr. Greenlee was