Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 79

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 79
---
 Fiscal Year-End" table.

(4) The RSUs granted to Mr. Farnsworth on April 15, 2025 in connection with the expansion of his role following the resignation of Mr. Wells vest in equal annual increments over the three-year period following the grant date. However, in the event that Mr. Farnsworth retires from Mercury on or after August 28, 2026, these RSUs will be deemed fully vested, with the underlying shares continuing to be distributed annually based on the original distribution schedule.

(5) With respect to PSU matching awards granted to participants in our Deferred Compensation Matching Plan, the events set forth in this table would not result in an acceleration of benefits or a change in the method for calculating the number of shares earned under these awards. For a further discussion of these awards, see the "Grants of Plan-Based Awards" and the "Outstanding Equity Awards at Fiscal Year-End" tables.

In the event of an executive officer's death or disability, any unvested portion of a long-term incentive award previously granted to the executive officer will immediately vest, with achievements under PSUs being assessed based on actual performance through the end of the most recently completed fiscal quarter prior to the date of death or disability (or in the case of the CEO, through the full performance period). In the event of any other termination not otherwise described above, any unvested LTI awards held by the executive officer at the time of termination will immediately be forfeited.

Payments Upon Change in Control or Termination of Employment

The following table quantifies the payments under our severance arrangements and LTI awards that would be made by us to, or on behalf of, our named executive officers assuming the termination of their employment, under the circumstances described in the table, on June 27, 2025, which is the last business day of our 2025 fiscal year. Payments that are available generally to salaried employees that do not discriminate in scope, terms or operation in favor of executive officers are not included in this table. No amounts are quantified in the table below for any of named executive officers whose employment was terminated before the end of the fiscal year.

<div align='center'>66</div>

| Name                |     | Benefit(1)                    |     | Circumstances of Termination                  
 By Mercury                                    
 Without Cause or By Executive for Good Reason |            |     | In Connection With   
 Change in Control(2) |            |     | Death/Disability |