Company: QLYS
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001140361-25-013472
Chunk: 23

Company: QUALYS, INC.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 23
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 Ms. Pfeiffer, Ms. Rogers and Dr. Zangardi was granted an award of 1,313 restricted stock units, which vest on the earlier of (i) June 12, 2025 or (ii) the day before our 2025 annual meeting of stockholders, subject to the applicable director’s continued service to us through each vesting date. |

Non-Employee Director Compensation Program Our Compensation and Talent Committee is responsible for reviewing and making recommendations with respect to the compensation of our non-employee directors. The committee’s

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practice is to engage a compensation consultant every year to conduct a full review and competitive analysis (using the same peer group used to analyze executive compensation) of our non-employee directors’ compensation in order to ensure that our directors’ compensation is in line with peer companies competing for director talent. Our current non-employee director compensation program was reviewed and approved in 2024 with input from Compensia, Inc. (“Compensia”), an independent compensation consultant. In fiscal 2024, based on input from Compensia and in order to improve the competitiveness of our non-employee director compensation program compared with our peer group, the Compensation and Talent Committee recommended, and our board of directors approved, an amendment to our non-employee director compensation program to increase the intended “value” of Annual Awards (as defined below) granted to our non-employee directors from $200,000 to $250,000, effective as of October 30, 2024, No other changes have been made to our non-employee director compensation program since 2022. During 2024, our non-employee director compensation program consisted of equity and cash, as described below. Equity Compensation Upon joining our board of directors, each newly elected non-employee director will be granted an award of restricted stock units with an intended “value” (based on the average of the closing prices of our common stock for the 30 trading days ending one week before the applicable grant date) of $420,000 (the “Initial Award”), which may be different from the award’s actual grant date fair value. An Initial Award will vest in three equal annual installments on each of the first three anniversaries of the first day of the month following the month that the director joins our board of directors, subject to continued service to us through each vesting date. On the date of each annual meeting of stockholders, each non-employee director who has served on our board of directors for at