Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 27

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 27
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2024 results, allowing the Company to make this transition without compromising current year’s results. More importantly, the capabilities assembled and the market permission created during 2024 have strongly positioned the Company to compete for this once-in-a-generation business opportunity which includes consulting and implementation services and software as a service licensing opportunities that strongly position the company to optimize its value creation opportunities for its shareholders.

The Stock Price Awards are eligible to become earned based on the achievement of three significant stock price hurdles over a performance period from the date of grant through December 31, 2028 and are conditioned upon satisfaction of time-based vesting conditions. The volume weighted average price per share of the Company’s common stock over any 20 consecutive trading days during the performance period must exceed the applicable stock price hurdle in order for the stock price hurdle to be considered achieved. Notwithstanding the date of achievement of the stock price hurdles during the performance period, the Stock Price Awards subject to the first, second and third stock price hurdles may not vest until the first, second and third anniversary of the grant date, respectively, which requires continued service through such date.

The following table illustrates the amounts of performance-based restricted stock units that can be earned based on achievement of the three stock price hurdles applicable to the Stock Price Awards, which hurdles were established by the Compensation Committee:

| Hurdle                      |     | % of Stock Price Awards Earned |     | Stock Price Hurdle |    |     | % Appreciation from 20-day Volume Weighted Average Price of $25.93 between August 16, 2024 and September 13, 2024 |
|:----------------------------|:----|:-------------------------------|:----|:-------------------|---:|:----|:------------------------------------------------------------------------------------------------------------------|
| Stock Price Award Hurdle #1 |     | 33.33%                         |     | $                  | 30 |     | 16%                                                                                                               |
| Stock Price Award Hurdle #2 |     | Additional 33.33%              |     | $                  | 40 |     | 54%                                                                                                               |
| Stock Price Award Hurdle #3 |     | Additional 33.34%              |     | $                  | 50 |     | 93%                                                                                                               |

As stated above, the Compensation Committee approved the Stock Price Awards following a comprehensive review of the Company’s executive compensation program conducted with the Compensation

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Committee’s independent compensation consultant, taking into account the Company