Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 42

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 42
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 subject to equity awards outstanding, but not exercised or settled and (2) the number of shares available to be granted, divided by the sum of (1) the approximate total common shares outstanding, (2) the number of shares subject to equity awards outstanding but not exercised or settled, and (3) the number of shares available to be granted. Approval of the Plan requires the affirmative vote of a majority of the shares of Century common stock represented in person or by proxy at the Annual Meeting. If the Plan is approved by stockholders, awards will no longer be granted under the Existing Plan. If the Plan is not approved by stockholders, awards will continue to be granted under the Existing Plan, but no more equity-based awards may be granted once the maximum number of shares reserved under the Existing Plan has been reached. The principal features of the Plan are highlighted below. The Board of Directors recommends that you vote FOR Proxy Item 4. Certain Important Features of the Plan The Plan includes the following important features that are designed to serve our stockholders’ interests.

| • | One-year                                                                                        
 minimum vesting. The period required for vesting of an equity-based award under the             
 Plan may not be less than one year, other than where awards have been assumed by the Company    
 in connection with a merger or other business combination, where shares are delivered in        
 lieu of a fully vested cash award, or awards to non-employee directors that vest on the earlier 
 of the one year anniversary of the date of grant or the next annual meeting of stockholders     
 which is at least 50 weeks after the immediately preceding year’s annual meeting. In            
 addition, awards covering up to five percent of the shares available under the Plan may have    
 a vesting period of less than one year.                                                         |

| • | Dividends                                                                                            
 and dividend equivalents. Rights to dividends and dividend equivalents, if                           
 any, may be made a part of certain awards, other than with respect to options and Stock Appreciation 
 Rights (“SARs”), subject to such terms, conditions and restrictions as the Compensation              
 Committee may establish. Any crediting of dividends or dividend equivalents shall be subject         
 to the same restrictions and conditions as the underlying award. Dividends or dividend equivalents   
 credited with respect to awards subject to the achievement of performance goals will be paid         
 only to the extent the award vests and the performance goals are achieved, and dividends             
 or dividend equivalents with respect to any award subject to a time-based vesting schedule           
 will be paid only to the