Company: NSSC
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001140361-25-039260
Chunk: 21

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 21
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arily without cause, the Company would have been required to pay him $471,327 pursuant to such severance agreement. In the event of a change of control on June 30, 2025, vesting of options to purchase 54,000, 44,000, 2,000 and 12,000 shares of Common Stock of the Company would have accelerated for Messrs. Buchel, Carrieri, Spinelli and Vuono, respectively. The value of such accelerated options would have been $154,900, 82,950, 5,500 and $0 for Messrs. Buchel, Carrieri, Spinelli and Vuono, respectively, based on a closing price of $29.69 per share of the Company’s Common Stock on the NASDAQ Global Market on June 30, 2025. 16 Each of the agreements with Mr. Carrieri and Mr. Buchel contains non-compete restrictions for three years after the employee’s termination of employment. The agreement with Mr. Vuono contains non-compete restrictions for two years after the employee’s termination of employment. Golden Parachute Payments The following table sets forth the information required by Item 402(t) of Regulation S-K promulgated by the SEC, regarding certain compensation that each of our named executive officers will or may be paid in connection with a change in control. Our “named executive officers” for this purpose are Richard Soloway, Kevin Buchel and Michael Carrieri. The figures in the table are estimated based on compensation and benefit levels as of June 30, 2025, and based on the assumption that each of the named executive officers will incur a termination entitling them to severance payments under their respective agreements immediately following a change in control. 17

Golden Parachute Compensation

| Name             |     |   Cash(1) 
       ($) |     | Equity(2) 
       ($) |     | Perquisites/ 
  Benefits(3) 
          ($) |     |     Total 
       ($) |
| Richard Soloway  |     | 5,082,602 |     |   154,900 |     |       17,333 |     | 5,254,835 |
| Kevin Buchel     |     |   471,327 |     |   154,900 |     |        7,748 |     |   633,975 |
| Michael Carrieri |     |   343,588 |     |