Company: CVGI
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0001628280-25-017895
Chunk: 25

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 25
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 that will be offered under the plan are shares of the Company’s common stock, par value $.01 per share. Subject to adjustment (as described below), (i) the maximum number of shares of common stock that may be granted pursuant to Awards under the Amended and Restated 2020 Equity Incentive Plan will be equal to (a) 4,800,000 (of which 3,000,000 shares were authorized under the 2020 Equity Incentive Plan, (of which 76,800 shares remain available for future grants) and 1,800,000 shares are being requested for stockholder approval under this amendment to the 2020 Equity Incentive Plan) plus (b) any shares with respect to awards under the 2020 Equity Incentive Plan that are forfeited. The maximum number of shares that can be granted in any one calendar year to a participant who is not a non-employee director is 15% of the total number of shares authorized for issuance under the Amended and Restated 2020 Equity Incentive Plan, and the maximum number of shares that can be granted in any one calendar year to a participant who is a non-employee director is 5% of the total number of shares authorized for issuance under the Amended and Restated 2020 Equity Incentive Plan. Also, the Amended and Restated 2020 Equity Incentive Plan provides that the Compensation Committee cannot in any one calendar year grant to any participant Performance Awards providing for the payment or distribution of cash or other property (other than shares of the Company’s common stock) having a value in excess of $4,000,000.

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If any grant under the Amended and Restated 2020 Equity Incentive Plan expires, terminates unexercised, becomes unexercisable or is forfeited as to any shares, then such unpurchased or forfeited shares will be available for further grants under the Amended and Restated 2020 Equity Incentive Plan. Any shares that are tendered to or withheld by the Company in payment of (a) the exercise price of an Option or SAR, or (b) the taxes payable in connection with the grant vesting, or settlement of an Option, SAR or Full-Value Award shall not be available for further grants under the Amended and Restated 2020 Equity Incentive Plan.

In the event of certain corporate transactions affecting the Company’s common