Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 69

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 69
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2024 provide for vesting in full in connection with a change in control event if the executive officer is terminated without “cause” by the Company or resigns for “good reason,” in each case as defined in the applicable RSU agreement, within 12 months following the change in control event or if the acquiring company does not assume the RSUs or substitute equivalent awards. If such a change in control event had occurred on December 31, 2024, and the specified conditions as set forth in the applicable RSU agreement were satisfied, (i) the vesting of the RSUs held by Mr. Le would have been accelerated with respect to 65,040 shares, representing a benefit of $18,836,885, (ii) the vesting of the RSUs held by Mr. Kang would have been accelerated with respect to 59,080 shares, representing a benefit of $17,110,750, and (iii) the vesting of the RSUs held by Mr. Shao would have been accelerated with respect to 31,470 shares representing a benefit of $9,114,341, in each case based on the $289.62 closing price of our Class A Stock on Nasdaq on December 31, 2024. For PSUs, upon a change in control, achievement of the performance goal will be measured as of immediately prior to the closing of the change in control transaction, and the award will convert to a time-vested RSU for the remainder of the performance period, subject to acceleration on a qualifying termination (i.e., termination without cause or for good reason), in each case as described above in the “—Elements Used to Achieve 2024 Compensation Objectives—Equity Awards” section. If such events had occurred on December 31, 2024, (i) the vesting of the PSUs held by Mr. Le would have been accelerated with respect to 228,000 shares, representing a benefit of $66,033,360, (ii) the vesting of the PSUs held by Mr. Kang would have been accelerated with respect to 81,440 shares, representing a benefit of $23,586,653, and (iii) the vesting of the PSUs held by Mr. Shao would have been accelerated with respect to 69,300 shares representing a benefit of $20,070,666 in each case based on the $289.62 closing price of our Class A Stock on Nasdaq on December 31,