Company: NPWR-WT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015450
Chunk: 25

Company: NET Power Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 25
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Converted Awards” section above. (3) Represents Time-Based RSUs that were granted to Messrs. Allen and Patel on April 2, 2024, which vest in three equal installments on April 2, 2025, April 2, 2026, and April 2, 2027. For more information on the Time-Based RSUs, see the “ Narrative Disclosure to Summary Compensation Table— Long-Term Equity Incentive Compensation—2023 Omnibus Incentive Plan—RSU and PSU Grants” section above. (4) Represents Operations-Based RSUs that were granted to Messrs. Allen and Patel on April 2, 2024, which vest as described in the “ Narrative Disclosure to Summary Compensation Table— Long-Term Equity Incentive Compensation—2023 Omnibus Incentive Plan— RSU and PSU Grants” section above. The Operations-Based RSUs provide only for a single estimated payout and do not have a threshold, target, or maximum achievement concept. (5) Represents PSUs that were granted to Messrs. Allen and Patel on April 2, 2024, which vest as described in the “ Narrative Disclosure to Summary Compensation Table—Long-Term Equity Incentive Compensation—2023 Omnibus Incentive Plan— RSU and PSU Grants” section above. As of December 31, 2024, the achievement of the performance goals applicable to the PSUs was trending below threshold performance. As such, the amounts reported in respect of the PSUs assumes vesting of the PSUs based on threshold performance. (6) For purposes of this table, the market value of the Time-Based RSUs, Operations-Based RSUs and PSUs is based on $10.59 per share, the closing price of our Class A Common Stock as of December 31, 2024, which was the last trading day for the NYSE in 2024. 25 Director Compensation Net Power’s current non-employee director compensation policy is designed to provide competitive compensation necessary to attract and retain high quality non-employee directors and to encourage ownership of Net Power stock to further align their interests with those of Net Power’s stockholders. Non-employee directors who are designated, nominated or appointed by, or on behalf of, any of our stockholders or any of their respective affiliates, are not eligible to receive any compensation under the policy. The policy provides the following compensation for eligible non-employee directors:

| • | an annual cash retainer of $60