Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 46

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 46
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 information regarding the Clawback Policy, see “Compensation Discussion and Analysis—Other Compensation Considerations and Policies—Incentive Compensation Recoupment Policy.” In addition, the Compensation Committee may specify in an award agreement that a participant’s rights, payments and benefits with respect to an award are subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of the award. Such events may include, but are not limited to, a participant’s termination for cause; violation of an agreement with the Company; fraud, illegality or misconduct; or breach of any noncompetition, nonsolicitation or confidentiality agreement, or as required by applicable law.

| 2025            
 Proxy Statement | 62 |

Proposal No. 4 Share Usage and Limitations The Plan contains the following provisions and limitations with respect to shares that may again become available for awards:

The number of shares reserved for issuance under the Plan and the limitations described above may be adjusted by the events described below under the headings “-Adjustments” and “-Change in Control”. Award Forms Under the Plan, the Compensation Committee may grant various types of awards, including the following: Stock options.Stock option awards may be either incentive stock options (“ISOs”) or non-qualified stock options (“NQSOs”). Stock options are exercisable in whole or in part following the completion of a required employment period (or service period for a non-employee director) and the satisfaction of any performance objectives as specified in the discretion of the Compensation Committee. Stock options expire no later than the tenth anniversary of the date of grant, provided, however, NQSOs will remain exercisable within one year following a participant’s death even if later than the expired term of such NQSO. The exercise price of stock options may not be less than the fair market value of a share of our common stock on the date of grant (other than in connection with certain business combination events). As of April 21 2025, the market value of a share of our common stock, based on the average of the high and low sales price as reported on Nasdaq on that date, was $15.28 per share. Stock appreciation rights.SARs may be granted independently of any stock option or in tandem with all or any part of a stock option. SARs are exercisable in whole or in part based on terms and conditions the Compensation Committee may impose, include following the completion of a required employment period (or