Statement:
5.74% of variable compensation converted to fixed compensation in the form of hourly pay rates, assuming the Company achieves PTIX of $6.0+ billion every year o This impact is reduced if PTIX is less than $6 billion

Please back me up on my napkin math...

Last year I earned a PS bonus at 16.58% on 4.5B

If I turn this into an equation we can find the %rate (x) earned per B$ profit:

2.5X + 2(4.5-2.5)X = 16.58

2.5X + 4X = 16.58
6.5X = 16.58
X = 2.55 %/B$

This is the rate that we earned last year per billion profit @10% return
With this TA we give up (6.0-2.5) = 3.5X = 8.9%

How does Alpa come up with 5.74%?