Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 78

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 78
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.               |     | •NETGEAR                      |
| •Commvault Systems, Inc. |     | •NetScout Systems, Inc.       |
| •Extreme Networks, Inc.  |     | •Nutanix                      |
| •F5*                     |     | •Rapid7, Inc.                 |
| •Five9, Inc.             |     | •Ribbon Communications US LLC |
| •Fortinet, Inc.*         |     | •Viavi Solutions              |

* Reflects additions to our peer group for determining 2024 compensation.

At the time our peer group companies were determined, revenue for the peer companies ranged from $560 million to $4.9 billion and market capitalization ranged from approximately $390 million to $60 billion; our annual revenue and market capitalization both were positioned at the 55th percentile. The Talent and Compensation Committee reviews peer group information when making its compensation decisions, including target annual cash compensation, which includes base salary and target annual incentive opportunity; and total direct compensation, which includes target annual cash compensation and equity compensation. Our Talent and Compensation Committee does not target a specific percentile for pay; however, the Talent and Compensation Committee uses the median of the peer group as a key reference point for target annual cash compensation, while considering a wider range for long-term incentives recognizing our core long-term incentive is comprised entirely of performance-based stock options which are completely at risk.

#### Change in Control and Severance Benefits
We provide our NEOs with certain change in control and severance benefits under our Amended and Restated Executive Change in Control and Severance Plan (“CICSP”). Our Talent and Compensation Committee provides change in control and severance benefits to our NEOs to, among other things, provide security to our NEOs including in the event of a change in control of the Company.

#### Benefits
Our NEOs receive health and welfare benefits under the same programs and subject to the same eligibility requirements that apply to our employees generally. Our NEOs are also eligible to participate in our Amended and Restated Employee Stock Purchase Plan but are not eligible to participate in our Third Amended and Restated 2017 Nonqualified Employee Stock Purchase Plan.

#### Perquisites
Beginning in 2020, we have offered our employees, including our NEOs, reimbursement under our Lifestyle Reimbursement Program for eligible costs incurred in pursuing their personal wellness goals and in support of a healthy lifestyle. For 2024, participating employees, including our NEOs, were entitled to be reimbursed