O'Reilly has served as CEO and director since December 2020 (approximately 5 years), giving him full accountability for the 3-year underperformance period; HHH's stock has lost 5.8% over three years while the company's own compensation peer group gained a median of 20.5%, a gap of 26.3 percentage points that exceeds the 20-point threshold applicable when a company's absolute 3-year return is negative. The 5-year check shows HHH down 18.3% versus peers down 7.5%, a gap of only 10.8 points which does not exceed the 20-point threshold, providing a partial mitigant — however, given O'Reilly's full tenure overlap with both the 3-year and 5-year underperformance periods and his role as the executive most directly responsible for company strategy and performance, the 3-year trigger stands and a vote against is warranted.

Sellers has been on the board since November 2010 — a 15-year tenure that fully overlaps with the underperformance period — making him one of the directors most accountable for the company's persistent stock underperformance. HHH's 3-year stock return of -5.8% trails the company-disclosed peer group median of +20.5% by 26.3 percentage points, exceeding the 20-point trigger applicable when absolute 3-year returns are negative. The 5-year gap of 10.8 points does not trigger the supplementary threshold, but given his 15-year tenure as a foundational board member and his role as former Chairman and current Presiding Director, the 3-year trigger warrants an against vote.

Tighe has served since October 2011 — a 14-year tenure that fully overlaps with the 3-year underperformance period — and is one of the longest-serving independent directors on the board. HHH's 3-year stock return trails the company-disclosed peer group median by 26.3 percentage points (negative absolute return vs. +20.5% peer median), exceeding the 20-point trigger threshold. The 5-year gap of 10.8 points does not separately trigger the threshold, but given Tighe's long tenure and full accountability for the underperformance period, the vote is against.

Williams has served since February 2021 — approximately 5 years, which fully overlaps with the 3-year underperformance period being measured. HHH's stock has declined 5.8% over three years while the company's own peer group gained a median of 20.5%, a 26.3-percentage-point gap that exceeds the 20-point trigger for companies with negative absolute returns. The 5-year underperformance gap of 10.8 points does not independently trigger the threshold, but Williams's full tenure overlap with the underperformance period means the 3-year trigger applies.