Company: FTCI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061051
Chunk: 49

Company: FTC Solar, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 49
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% on the first anniversary of the date of grant and 1/48th for each month thereafter until the fourth anniversary of the date of grant. RSUs with market conditions will be earned and vested in specified percentages upon the achievement of 3 different price targets of our common stock over a period of 4 years from the date of grant. Upon vesting, RSUs are settled by issuing common stock to the respective holders.

Pension and Non-Qualified Deferred Compensation Plans; Employee Benefits

We do not maintain a pension plan or non-qualified deferred compensation plan for any of our Named Executive Officers.

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Our compensation program for Named Executive Officers (excluding Mr. Sadasivam, our non-employee Chair of the Board) also features other benefits, including participation in (i) our 401(k) savings plan, which is a tax-qualified defined contribution plan under which participants can save for retirement subject to such limits as may be determined by the Internal Revenue Service in each applicable year), and (ii) life, disability and health insurance benefits, on the same general terms as other participants in these programs. Outstanding Equity Awards as of 2024 Fiscal Year End The following table provides information regarding unexercised or unearned stock option awards and unvested or unearned stock awards held by our Named Executive Officers as of December 31, 2024.

|                |     | Option Awards                                       |        |     |                                                     |   |     |                                                                                            |   |     |                       |      |     |                        |     | Stock Awards                                            |         |     |                                                               |           |     |                                                                                                     |         |     |                                                                                                                     |           |
| Name           |     | Number of securities underlying unexercised options 
 (#)                                                 
 exercisable                                         |        |     | Number of securities underlying unexercised options 
 (#)                                                 
 unexercisable                                       |   |     | Equity incentive plan awards: number of securities underlying unexercised unearned options 
 (#)                                                                                        |   |     | Option exercise price 
 ($)                   |      |     | Option expiration date |     | Number of shares or units of stock that have not vested 
 (#)(2)                                                  |         |     | Market value of shares or units of stock that have not vested 
 ($)(3)                                                        |           |     | Equity incentive plan awards: number of unearned shares, units or other rights that have not vested 
 (#)(4)                                                                                              |