Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 54

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 54
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 of awards that can be allocated to the directors under the Plan in the next three (3) years cannot be calculated, because it is subject to the Company’s share price (as noted in e) below). However, the maximum potential value of awards that could be allocated annually under the Plan to the non-executive directors, based on their anticipated annual remuneration for 2025, is US$410,000. The total aggregate number of shares of Common Stock which may be issued or transferred pursuant to awards granted under the Plan may not exceed 21.5 million, assuming the Equity Plan Proposal is approved. The ASX Director Compensation Proposals are each conditioned on approval of the Share Issuance Proposal and the Equity Plan Proposal.

For non-executive directors, the value of awards granted is equal to 50% of their total annual remuneration. Awards are granted at the end of each quarter, for non-executive director services provided during that quarter. For executive directors, the value of awards granted is determined by the Board on recommendation of the Compensation Committee.

The total annual remuneration payable to each director for whom approval to participate in the Plan is sought is as follows (1) :

| Director          |     | Compensation |            |
| Graham van't Hoff |     |              | US$280,000 |
| Barry Dick        |     |              | US$230,000 |
| Bryn Jones        |     |              | US$210,000 |
| Curt Hebert       |     |              | US$100,000 |

(1) Remuneration is based on proposed Committee composition following the Special Meeting.

The Company previously granted the following awards under the Plan to the directors for whom approval to participate in the Plan is sought. No consideration was paid for these awards.

| Director          |     | RSUs 
 (#)  |         |
| Graham van’t Hoff |     |      | 197,909 |
| Barry Dick        |     |      |  48,171 |
| Bryn Jones        |     |      |  47,465 |

A summary of the material terms of the awards is set out in the Equity Plan Proposal. Further details of the awards are set out in the Plan, a copy of which is included as Appendix D to this Proxy Statement.

Awards are considered a cost-effective and efficient means of payment in consideration of services rendered by the directors. The value of awards is generally determined by reference to the average closing price of Common Stock for the quarter preceding