Emmert has served since 2008, so his tenure fully overlaps the 3-year underperformance period. Weyerhaeuser's 3-year total return of -9.5% trails the company-disclosed compensation peer group median of +14.3% by 23.8 percentage points, which exceeds the 20-point threshold that applies when absolute 3-year returns are negative. The 5-year check does not provide a mitigant: WY's 5-year return of -19.3% trails the peer median of +18.0% by 37.3 percentage points, well above the same 20-point threshold, confirming sustained underperformance rather than a temporary dip. No overboarding or attendance issues were identified.

Holley has served since 2016, so his tenure fully overlaps the 3-year underperformance period. The 23.8-percentage-point gap versus the peer group median exceeds the 20-point trigger for negative absolute TSR, and the 5-year gap of 37.3 points also exceeds the same threshold, indicating sustained underperformance rather than a short-term issue. No overboarding or attendance concerns were found.

Lewis has served since 2016, fully overlapping the underperformance period. The same 23.8-point 3-year peer gap and 37.3-point 5-year peer gap both exceed the applicable 20-point threshold, indicating this is not a transient issue. She serves on three other public company boards (Healthpeak, Freeport-McMoRan, PwC LLP U.S.), which is within the policy limit, and attendance was 100%.

Merriwether has served since 2020, meaning her tenure overlaps the full 3-year measurement period. The 23.8-point 3-year underperformance versus the peer group median exceeds the 20-point threshold for negative absolute TSR, and the 5-year check at 37.3 points also exceeds the threshold, confirming sustained underperformance. No overboarding or attendance issues were identified.

Monaco has served since 2020, fully overlapping the 3-year underperformance window. The 23.8-point peer gap and the 37.3-point 5-year gap both exceed the 20-point negative-TSR threshold, pointing to sustained rather than temporary underperformance. No overboarding or attendance concerns were identified.

O'Rourke joined in 2023, which is more than 24 months before the 2026 meeting date and therefore outside the new-director exemption. His tenure covers the bulk of the 3-year measurement period, and the 23.8-point peer gap exceeds the 20-point threshold. The 5-year mitigant does not apply as 5-year data during his tenure is insufficient to independently clear the threshold, and the overall company 5-year gap of 37.3 points confirms the underperformance trend. No overboarding or attendance issues were identified.

Piasecki has served since 2003, fully overlapping the underperformance period. The 23.8-point 3-year peer gap exceeds the 20-point threshold, and the 5-year gap of 37.3 points confirms sustained underperformance that disqualifies the mitigant. She holds four outside public company board seats (BWX Technologies, BAE Systems, Kymeta, plus Howmet ended 2023), currently three active seats which is within policy limits, and attendance was 100%.

Selzer has served since 2016, fully overlapping the underperformance period. The 23.8-point 3-year and 37.3-point 5-year gaps versus the peer median both exceed the 20-point threshold for negative absolute TSR, indicating sustained underperformance. No overboarding or attendance issues were identified.

Stockfish has served as a director since 2019 and as CEO throughout the measurement period, so his tenure fully overlaps the underperformance window. As an executive director, he is subject to the same TSR trigger as all other directors. The 23.8-point 3-year peer gap exceeds the 20-point threshold, and the 37.3-point 5-year gap confirms this is sustained underperformance rather than a temporary dip. This AGAINST vote as a director is independent of the Say on Pay evaluation.

Williams has served since 2006, fully overlapping the underperformance period. The 23.8-point 3-year peer gap exceeds the 20-point threshold, and the 37.3-point 5-year gap confirms sustained underperformance, disqualifying the mitigant. Attendance was 100% and no overboarding concerns were identified.