Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 23

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 23
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 practices, changes in the number of employees, changes in the number of directors and officers, whether and the extent to which vesting conditions applicable to equity-based awards are satisfied, the need to attract, retain and incentivize key employees, the type of awards the Company grants, and how the Company chooses to balance total compensation between cash and equity-based awards. The Human Capital and Compensation Committee is committed to effectively managing the number of shares reserved for issuance under the Proposed Plan while minimizing stockholder dilution. Update as of March 27, 2025 As of March 27, 2025, there were approximately 29,753,837 shares of our common stock outstanding, and there were 1,156,470 shares of our common stock outstanding subject to outstanding awards (approximately 3.9% of the outstanding shares of our common stock, reflecting simple dilution). The total shares subject to awards include 1,156,470 outstanding Full Value Awards – both time-based RSUs and performance-based RSUs based on target performance (approximately 3.4% of outstanding shares). As of March 27, 2025, there are 1,615,803 shares of our common stock available for future awards under the 2018 Equity Plan, or approximately 5.4% of outstanding shares of common stock. There are no available shares under any other equity plan. The 1,615,803 available shares under the 2018 Equity Plan plus the 1,156,470 shares subject to outstanding awards represents a current overhang percentage of 8.1%. The proposed 1,700,000 additional shares of our common stock available for awards under the Proposed Plan, represent approximately 5.7% of our outstanding shares of common stock. This reflects simple dilution if the Proposed Plan is approved. The 1,156,470 total shares of our common stock subject to outstanding awards, plus the 1,615,803 shares of our common stock that remain available, plus the 1,700,000 additional shares, represent an approximate total overhang of 4,472,273 shares (approximately 13.1% reflecting the total fully diluted overhang).

| 2025 Proxy Statement| 23 |

TABLE OF CONTENTS

| Proposal No. 2•Amendment and Restatement of the Equity Incentive Plan |

Our restated articles of incorporation authorize the issuance of 100,000,000 shares of common stock. There were 29,753,837 shares of our