Performance assumption change (in usd per share)

[Table of Contents](#iee2f14225b9a4b108d08cd0fe2886fa0_7)AMETEK, Inc.Notes to Consolidated Financial StatementsMarch 31, 2022(Unaudited)The following is a summary of the Company’s non-vested performance restricted stock activity and related information:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Shares |  | WeightedAverage Grant DateFair Value |
|  | (In thousands) |  |  |
| Non-vested performance restricted stock outstanding at December 31, 2021 | 289  |  |  | $ | 85.29  |  |
| Granted | 87  |  |  | 134.69  |  |
| Performance assumption change 1 | 66  |  |  | 81.76  |  |
| Vested | (161) |  |  | 81.76  |  |
| Forfeited | (2) |  |  | 89.73  |  |
| Non-vested performance restricted stock outstanding at March 31, 2022 | 279  |  |  | $ | 101.97  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_1 Reflects the number of PRSUs above target levels based on performance metrics.As of March 31, 2022, there was approximately $17.3 million of expected future pre-tax compensation expense related to the 0.3 million non-vested restricted shares outstanding, which is expected to be recognized over a weighted average period of less than one year.13.    Retirement and Pension PlansThe components of net periodic pension benefit expense (income) were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months EndedMarch 31, |  |  |
|  | 2022 |  | 2021 |  |  |  |  |
|  | (In thousands) |
| Defined benefit plans: |  |  |  |  |  |  |  |
| Service cost | $ | 1,374  |  |  | $ | 2,021  |  |  |  |  |  |
| Interest cost | 5,120  |  |  | 4,567  |  |  |  |  |  |
| Expected return on plan assets | (15,268) |  |  | (14,174) |  |  |  |  |  |
| Amortization of net actuarial loss and other | 2,174  |  |  | 4,353  |  |  |  |  |  |
| Pension income | (6,600) |  |  | (3,233) |  |  |  |  |  |
| Other plans: |  |  |  |  |  |  |  |
| Defined contribution plans | 13,261  |  |  | 8,455  |  |  |  |  |  |
| Foreign plans and other | 2,318  |  |  | 2,234  |  |  |  |  |  |
| Total other plans | 15,579  |  |  | 10,689  |  |  |  |  |  |
| Total net pension expense | $ | 8,979  |  |  | $ | 7,456  |  |  |  |  |  |

For defined benefit plans, the net periodic benefit income, other than the service cost component, is included in “Other (expense) income, net” in the consolidated statement of income.For the three months ended March 31, 2022 and 2021, contributions to the Company’s defined benefit pension plans were $2.1 million and $2.0 million, respectively. The Company’s current estimate of 2022 contributions to its worldwide defined benefit pension plans is in line with the range disclosed in Note 12 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.  
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