Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 40

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 40
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     | Performance-based      
 Options Earned (#) (1) |           |
| 2024             |     |  2024 |     |                     |   543,151 |     |                     | 2,425,000 |     |                        | 1,427,708 |
| 2023             |     |  2023 |     |                     | 1,334,170 |     |                     | 1,208,082 |     |                        |   658,405 |
| 2022             |     |  2022 |     |                     | 1,753,476 |     |                     |   670,000 |     |                        |   670,000 |

(1) Represents total number of performance-based options earned less amounts forfeited.

• Compensia’s analysis, which is based on generally accepted evaluation methodologies, concluded that the share increase under the 2019 Plan provides for a pool is within the market range of recent requests by technology companies that received stockholder approval.

In light of the factors described above, and that the ability to continue to grant equity compensation is vital to our ability to attract and retain employees in the competitive labor markets in which we compete, our Talent and Compensation Committee and our Board have determined that the increase to the share reserve under the 2019 Plan is reasonable and appropriate at this time.

In determining the increase to the calendar year limit on the grant date fair value of equity-based awards to be made to non-employee directors to $1,500,000, our Board considered the constraints provided by the current limit when designing a compensation program for our non-employee directors who commit a significant portion of their business time and attention to our Company, such as our non-executive chairman, and reviewed market data to insure the limit was reasonable and aligned with our peer group of companies.

#### Administration
The Talent and Compensation Committee (or, with respect to awards to non-employee directors, our Board) (together, the “administrator”) is charged with the general administration of the 2019 Plan. The 2019 Plan provides that, subject to certain limitations, our Board and the Talent and Compensation Committee may from time to time delegate its authority to grant awards to a committee consisting of one or more members of our Board or one or more of our officers. Subject to the terms and conditions of the 2019 Plan, the administrator will have the authority to select the persons to whom awards are to be made; to determine the