Company: LEU
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039220
Chunk: 39

Company: CENTRUS ENERGY CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
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 the effects on other elements of total compensation. Executive Incentive Plans The Company’s 2014 Equity Incentive Plan, as amended and restated from time to time (the “2014 Plan”), authorizes the issuance of up to 1,900,000 shares of the Company’s Class A common stock to Company employees, officers, directors, and other individuals providing services to the Company or its affiliates, as selected by the CN&G Committee pursuant to options, stock appreciation rights, restricted stock units, restricted stock, performance awards, dividend equivalent rights and other stock-based awards, as well as cash-based awards. Beginning in 2019, the CN&G Committee has adopted an annual Executive Incentive Plan (each an “EIP”) for the then current year, each of which is a sub-plan adopted under and subject to the terms of the 2014 Plan. The initial EIP was adopted to provide the CN&G Committee with ability to grant equity and cash awards to eligible participants in order to drive performance and, in respect of equity awards, to further align the interests of management with those of our stockholders. In 2020, the Company engaged in an active outreach to certain of our stockholders to discuss executive compensation. Stockholder feedback included a request that the Company continue to further align executive compensation with the interests of our stockholders and to provide more transparency into the goals of our annual and long-term incentive plans. As a result, the CN&G Committee transitioned the EIP so that the long-term incentive programs are based entirely on equity denominated awards, to a compensation program that better aligns management incentives with the creation of stockholder value. Since 2022, each EIP has provided for (1) an annual cash incentive award (“Annual Award”) and (2) a long-term incentive program (“LTIP”) consisting of performance-based equity awards utilizing overlapping three-year performance periods and minimum vesting requirements. The CN&G Committee continues to evaluate the compensation program to ensure it provides meaningful incentives aligned with stockholder interests. Participants in each EIP were determined by the CN&G Committee and included our named executive officers and certain other key employees. Payment of awards under the incentive plans are generally subject to participants remaining employed by the Company through the payment date, subject to certain adjustments in accordance with the 2014 Plan and prior to 2025, adjustments set forth in applicable grant agreements related to a participant’s death, disability, retirement, termination by the Company without cause, or other termination