Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 21

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 21
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The long term incentives we offer employees pursuant to the 2018 Equity Plan have been an effective compensation tool component enabling us to attract and retain highly qualified employees and non-employee directors and the 2018 Equity Plan provides an incentive that aligns the economic interests of plan participants with those of our stockholders. The 2018 Equity Plan originally authorized the issuance, pursuant to equity-based incentive compensation awards, of up to 4,350,000 shares of our common stock. The First Amendment to the 2018 Equity Plan authorized an additional 2,000,000 shares of our common stock and the Second Amendment authorized an additional 3,400,000 shares. As of March 27, 2025, the record date for the Annual Meeting, there were 1,615,803, shares of our common stock remaining available for further issuance of future grants under the 2018 Equity Plan. The Human Capital and Compensation Committee has authorized, and the Board has approved, the Third Amendment and Restatement of the 2018 Equity Plan, as amended, subject to approval by the Company’s stockholders, primarily to increase the number of shares of our common stock available for issuance pursuant to awards granted thereunder by 1,700,000 shares, subject to the share counting rules and adjustment provisions described below. If the Proposed Plan is approved by stockholders, it will be effective as of the day of the Annual Meeting, and future grants will be made on or after such date under the Proposed Plan. If the Proposed Plan is not approved by our stockholders, then it will not become effective, no awards will be granted under the Proposed Plan, and the 2018 Equity Plan and its First and Second Amendments will continue in accordance with their terms as previously approved by our stockholders. The full text of the Proposed Plan is attached as Appendix B. The Board believes that approval of the Proposed Plan is necessary and desirable and will enable the Company to continue to provide market competitive total compensation opportunities to eligible employees, consultants and non-employee directors. The Proposed Plan will continue to incorporate the following compensation best practices:

| • | No Liberal Share Recycling Provisions.Only applicable shares regarding awards that expire, or are forfeited, cancelled, unearned in full or settled in cash will again be available for issuance under the Proposed Plan. The following shares will not be added back to the aggregate plan reserve: (i) the number of shares with respect to which an award is granted (except as previously noted); (ii) shares not