Company: MVIS
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001641172-25-006436
Chunk: 48

Company: MICROVISION, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 48
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 to MicroVision and works with our management only on matters
for which the Compensation Committee is responsible. The Compensation Committee has assessed the independence of F.W. Cook pursuant to
SEC rules and concluded that no conflict of interest exists that would prevent F.W. Cook from serving as an independent consultant to
the Compensation Committee. The Compensation Committee periodically seeks input from F.W. Cook on a range of external market factors,
including evolving compensation trends, appropriate peer companies and market survey data. F.W. Cook also provides general observations
on our compensation programs, but it does not determine or recommend the amount or form of compensation for our named executive officers.
A representative of F.W. Cook attends Compensation Committee meetings from time to time, when requested by the Compensation Committee.

The Role of Peer Groups. In September 2023,
the Compensation Committee, with input from F.W. Cook reviewed the composition of the peer group established by the Compensation Committee
in 2021 and updated in 2022 and removed two companies that were no longer publicly traded, while also adding three companies (two lidar
companies and one technology company). The 2023 peer group was used by the Compensation Committee for the purpose of evaluating the compensation
arrangements of our executive team for 2024.

The 19 companies in the 2023 peer group that was used
as context in 2024 compensation decisions are publicly traded, U.S.-based technology companies.

| Advent Technologies   |     | Indie Semiconductor* |     | PROS            |
| Aeva Technologies*    |     | InterDigital         |     | Rambus          |
| Akoustis Technologies |     | Luminar Technologies |     | SecureWorks     |
| Ambarella             |     | Ouster, Inc.*        |     | Vicor           |
| CEVA                  |     | PagerDuty            |     | Workhorse Group |
| Digimarc              |     | PDF Solutions        |     |                 |
| FuelCell Energy       |     | Progress Software    |     |                 |

*Added to the 2023 peer group to replace
the following companies from our 2022 peer group: CyberOptics Corporation and Velodyne Lidar. Velodyne Lidar merged with Ouster, Inc.
in 2023.

| 32 |

We consider competitive market data regarding compensation
as context for compensation decisions and target the median for our executive compensation, but we do not rely solely on market data.
Management and the Compensation Committee incorporate flexibility into