Offer Letter, signed January 17, 2025, between Compass Minerals International, Inc. and Peter Fjellman

Exhibit 10.3

9900 W. 109TH ST. SUITE 100 OVERLAND PARK, KS 66210 ###-###-#### COMPASSMINERALS.COM

January 17, 2025

Peter Fjellman

Dear Peter,

I am pleased to confirm that Compass Minerals (CMP) wishes to invite you to join our leadership team by making you this offer of employment. If you accept this offer, your title will be Chief Financial Officer. Your start date will be January 27, 2025, or otherwise agreed upon by you and the company. The position will be located at our corporate office in Overland Park, Kansas and you will be reporting directly to me.

The Chief Financial Officer position is a full-time exempt position. Your annual gross starting salary will be $525,000.00.

In addition to your base salary, you will be eligible to participate in CMP’s performance-based Management Annual Incentive Program (MAIP) starting with the fiscal 2025 performance year, with a target bonus equal to 70% of your base salary ($367,500.00), prorated from your start date for the fiscal 2025 performance year.

You will also be eligible to participate in CMP’s Long Term Incentive Program (LTIP). For your position, the LTIP target is $892,500.00, prorated from your start date for fiscal year 2025. You will receive the full value of your LTIP award beginning with the fiscal 2026 annual LTIP grant, in October 2025, where such awards will be granted in accordance with the plan in place at the time of grant.

As an inducement to accept this offer of employment, you will receive a one-time cash bonus payment of $100,000.00, less applicable withholdings and deductions, payable within 30 days of your start date. The sign-on bonus is subject to repayment in all instances, except a job elimination, if you do not remain employed with Compass Minerals for twenty-four months from your first day of employment with Compass Minerals. If you leave the Company in the first 12 months after your start date, you will be required to repay the entire sign-on bonus.  After twelve months employment, the repayment amount will be prorated based on the number of months worked.  For example, if your employment ends after fifteen months, the amount of repayment would be 9/24th of the sign-on bonus.

Enclosed is a benefit packet to familiarize you with benefits that are available to you once you join CMP.  In addition, you will be entitled to an annual physical paid for by CMP.  You will also be eligible to participate in the Executive Disability Plan.

Offer Letter 

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To facilitate your relocation to the Overland Park, Kansas area, you are eligible for our Executive Relocation benefit for U.S. domestic relocation, with up to six (6) months of temporary housing. Please note that this benefit does not include any buy-out option of a current primary residence or home equity loss guarantee. A copy of the relocation plan will be provided to you.

Effective on your hire, you will be eligible for 5 weeks (25 days) of paid vacation annually, which, for calendar year 2025, will be prorated from your start date.

If you accept this offer of employment, you will be required to sign a Change in Control Severance Agreement and a Restrictive Covenant Agreement, along with other standard employment documents applicable to other CMP employees.

We have enclosed the Change in Control Severance Agreement, Restrictive Covenant Agreement and a CMP Executive Severance Plan for your review.

This offer of employment is conditional upon Compensation Committee approval, verification of a satisfactory background investigation and reference checks, satisfactorily passing a drug screen, and the execution of the Restrictive Covenant Agreement.

The Immigration and Control Act of 1986 requires employers to verify that every new hire is either a U.S. citizen or eligible to be employed in this country. We are required to examine and will copy any one of the following: US passport, certification of U.S. citizenship or naturalization, a valid foreign passport authorizing U.S. employment, a resident alien card containing employment, a resident alien card containing employment authorization, or other document designated by the Immigration and Naturalization Service.

Alternatively, verification can be accomplished by providing two forms of documentation one which established identity and one which establishes employment eligibility. Examples of documents which show employment eligibility are a Social Security card or birth certificate; and examples of documents which show proof of identity are a driver’s license or other state-issued card, which contain a photograph or other identifying information. The above documentation must be presented prior to commencing employment. Please bring the appropriate items on your start date.

Please sign this letter on the following page, acknowledging your acceptance and anticipated employment date. We look forward to you joining Compass Minerals.

Sincerely,

/s/ Ed Dowling

Ed Dowling 

President and CEO

Offer Letter 

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By signing below, you understand and agree that your employment with the company is at-will. That is, your employment is not for any specified duration and you or the company may terminate it, at any time, with or without cause and without notice. You are also representing and warranting to CMP that you have disclosed to CMP in writing any and all agreements to which you are currently subject that in any way restrict your right to (a) solicit employees or customers of your former employer(s) or (b) compete in any manner with your former employer(s) (e.g. a non-solicitation, non-compete or restrictive covenant agreement). Please indicate your understanding and acceptance of the terms and conditions outlined in this letter and your acceptance of this employment offer by signing and dating this page where indicated below.