Company: PDEX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001079973-25-001567
Chunk: 25

Company: PRO DEX INC
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 25
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|:----|:--|------------------------------------------------------------------------------------------:|
| Richard L. Van Kirk |     |                                                                              15,800 |     | $ |                                                                                   689,512 |
| Alisha K. Charlton  |     |                                                                              10,800 |     | $ |                                                                                   471,312 |

| (1) |     | Represents both performance awards and restricted shares which, upon vesting, will generally                                             
 be paid in shares of our Common Stock. The performance awards, which includes 14,800 issued to Rick and 9,800 issued to Alisha vest on   
 July 1, 2026. The restricted shares which account for 1,000 shares issued to both Rick and Alisha vest ratably, 200 shares per year over 
 a five-year period beginning November 20, 2025.                                                                                          |

| (2) |     | The payout value of unearned shares is based upon the closing market price of our Common 
 Stock on June 30, 2025, on the Nasdaq Capital Market of $43.64 per share.                |

| 12 |

Pay Versus Performance

As required by the SEC’s
pay versus performance (“PvP”) disclosure rules as set forth in Item 402(v) of Regulation S-K, we are providing the following
information regarding the relationship between executive compensation actually paid and certain financial performance of the Company for
the last three fiscal years. Under the PvP rules, the SEC has developed a new definition of executive “compensation actually paid”
(“CAP”), which requires us to make various adjustments to amounts reported in the Summary Compensation Table (“SCT”).
As required by SEC rules, the table presented below discloses CAP for (i) the Company’s principal executive officer (“PEO”),
Rick, and (ii) the Company’s Named Executive Officers other than Rick (collectively, “Non-PEO NEOs”), on an average
basis. Note that as a smaller reporting company we only have one Non-PEO NEO, Alisha, and as a result, the CAP for Non-PEO NEOs just reflects
CAP for Alisha. Due to the valuation component of CAP, the dollar amounts do not reflect the actual amount of compensation earned or paid
during the year.

The PvP table below provides
compensation values reported in our current and prior SCTs, as well as the CAP amounts required in this section for the fiscal years ending
June