Company: OCC
Filing Date: 2025-02-18
Form Type: PRE 14A
Source: 0001437749-25-004188
Chunk: 42

Company: OPTICAL CABLE CORP
Filing Date: 2025-02-18
Form: PRE 14A
Chunk 42
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 | 27,473 |     |       | 75,473 |
| John A. Nygren     |     |                | 59,250 |     |              | 27,473 |     |       | 86,723 |
| Craig H. Weber     |     |                | 65,500 |     |              | 27,473 |     |       | 92,973 |

| (1)  Includes annual cash retainers for board and committee memberships and committee chairmanships                                                                                                                                                                                                                                                                       |
| (2)  Amounts represent the fair value on the grant date of May 17, 2024 determined in accordance with FASB ASC Topic 718.  Number of Common Shares issued as compensation based on restricted stock grant of $30,000.  Stock awards granted have a vesting period of one year and directors are responsible for paying income taxes on non-cash share-based compensation. |

<div align='center'>27

EXECUTIVE COMPENSATION</div>

Overview

The Company seeks to recruit and retain qualified executives and employees that are able to positively contribute to the success of the Company for the benefit of the Company’s various stakeholders, the most important of which are its shareholders, but also including the Company’s customers, its employees, and the communities in which the Company operates.

OCC’s executive compensation program is intended to align the financial interests of OCC’s executives with the interests of our shareholders by rewarding short-term and long-term performance that meets or exceeds the goals and budgets established with the objective of increasing long-term shareholder value.

Consistent with our pay for performance philosophy, the total compensation received by our executive officers will vary based on corporate performance measured against annual and long-term performance goals. Our named executive officers’ total compensation typically is comprised of a mix of base salary, annual cash incentive compensation, and long-term share-based incentive compensation.

Share-based compensation is an important part of executive compensation, since it closely aligns the financial interests of the executives with the interests of our shareholders. Share-based compensation is granted under the 2017 Stock Incentive Plan and was previously granted under other stock incentive plans. Share-based incentive compensation includes primarily long-term performance-based vesting grants and has only consisted of long-term performance-based vesting grants for executives and employees since fiscal year 2017.

The 2017 Stock Incentive Plan permit various methods of providing share-based compensation to participants. The Compensation Committee prefers that share-based compensation for executives and other employees be in the form of restricted