Hubbell Incorporated 2024 Annual Report

At a Glance

About Hubbell

Board of Directors

Page0007

Notice of 2025 Annual Meeting of Shareholders

Table of Contents

Page0010

Annual Shareholders Meeting

Page0012

2024 Performance Highlights

Executive Compensation Highlights

Page0018

Shareholder Engagement

Director Qualifications and Experience

Nomination and Election Process

Director Nominees

Page0028

Page0029

Board Leadership Structure

Director Independence

Page0032

Board Practices and Procedures

Shareholder Outreach and Engagement

Meetings and Attendance

Sustainability at Hubbell

Elements of Compensation

Director Compensation Table

Page0041

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

Executive Summary

Page0044

Page0045

CEO Pay vs. Realized Pay vs. Company Performance

Our Compensation Program

Page0048

How We Make Compensation Decisions

Page0050

2024 Compensation Results

Page0052

Page0053

Page0054

Page0055

Page0056

Page0057

Page0058

Other Compensation Policies

Employee Benefit Programs

Page0061

Page0062

Summary Compensation Table

Page0064

Other Compensation Tables

Page0066

Page0067

Page0068

Page0069

Page0070

Page0071

Page0072

Page0073

Page0074

CEO Pay Ratio

Pay Versus Performance

Page0077

Page0078

Page0079

Independent Accounting Firm Fees

Audit Committee Report

Page0083

Page0084

Description of Proposed Restated Plan

Page0086

Page0087

Page0088

Page0089

Page0090

Page0091

Solicitation Expenses

Page0093

Compensation Committee Interlocks and Insider Participation

Eliminating Duplicative Proxy Materials (&#34;Householding&#34;)

Availability of Annual Report on Form 10-K

Appendix I - Amended and Restated Certificate of Incorporation

Page0098

Page0099

Page0100

Page0101

Appendix II - Hubbell Incorporated Incentive Award Plan

Page0103

Page0104

Page0105

Page0106

Page0107

Page0108

Page0109

Page0110

Page0111

Page0112

Page0113

Page0114

Page0115

Page0116

Page0117

Page0118

Page0119

Page0120

Page0121

Page0123

Table of Contents

1. Business

Page0126

Page0127

Page0128

1A. Risk Factors

Page0130

Page0131

Page0132

Page0133

Page0134

1B. Unresolved Staff Comments

2. Properties

5. Market for the Registrant&#39s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Page0138

6. Reserved

Page0140

Page0141

Page0142

Page0143

Page0144

Page0145

Page0146

Page0147

Page0148

Page0149

Page0150

Page0151

Page0152

Page0153

Page0154

7A. Quantitative and Qualitative Disclosures about Market Risk

Page0156

8. Financial Statements and Supplementary Data

- Reports of Management

- Report of Independent Registered Public Accounting Firm

Page0160

- Consolidated Statement of Income

- Consolidated Statement of Comprehensive Income

- Consolidated Balance Sheet

- Consolidated Statement of Cash Flows

Page0165

- Consolidated Statement of Changes in Equity

- Notes to Consolidated Financial Statements

Page0168

Page0169

Page0170

Page0171

Page0172

Page0173

Page0174

Page0175

Page0176

Page0177

Page0178

Page0179

Page0180

Page0181

Page0182

Page0183

Page0184

Page0185

Page0186

Page0187

Page0188

Page0189

Page0190

Page0191

Page0192

Page0193

Page0194

Page0195

Page0196

Page0197

Page0198

Page0199

Page0200

Page0201

Page0202

Page0203

Page0204

Page0205

9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

10. Directors, Executive Officers and Corporate Governance

13. Certain Relationships and Related Transactions and Director Independence

15. Exhibits and Financial Statement Schedule

Page0210

Page0211

16. Form 10-K Summary

Signatures

Schedule II - Valuation and Qualifying Accounts and Reserves

Page0217

Page0218