Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 76

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 76
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(1) Represents stock options that, in each case, vest one year prior to the option expiration date reported in the table above.

(2) Except as set forth in Note 5 below, represents RSUs that vest in three equal annual increments commencing on the first anniversary following the grant date (or in the case of the RSUs granted on August 15, 2024, vest in annual increments of 50%, 25% and 25% over the three-year period following their grant date). For a discussion concerning the effect of a change in control or termination of employment on outstanding RSUs, see "– Potential Payments Upon Change in Control or Termination of Employment."

(3) The market value of each award is based on the closing price of our common stock on June 27, 2025 of $53.41, multiplied by the number of shares reported for the award.

(4) Except as set forth in Note 6 below, represents PSUs that vest on the three-year anniversary following the grant date, subject to the applicable performance requirements of the awards. Consistent with SEC rules, (a) the number of shares reported for PSU awards granted on August 17, 2023 and February 15, 2024 reflects the Threshold level of performance because our actual performance through the end of fiscal 2025 was below the Threshold level of performance under these awards (which is based on performance over the three fiscal years ending in 2026) and (b) the number of shares reported for PSU awards granted on

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August 15, 2024 reflects the Maximum level of performance because our actual performance for fiscal 2025 under these awards exceeded the Target level of performance under these awards. For a discussion concerning the effect of a change in control or termination of employment on outstanding PSUs, see "– Potential Payments Upon Change in Control or Termination of Employment."

(5) Represents a new-hire matching award of RSUs granted to Mr. Ballhaus. These RSUs will vest on August 17, 2026, contingent upon Mr. Ballhaus' continuing to hold through that time $1.5 million in Mercury common stock that he