Company: COHU
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001437749-25-010672
Chunk: 40

Company: COHU INC
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 40
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 with earned shares vesting fully on the third anniversary of the date of grant. The performance period for the 2024 PSU Awards was set at three years to enhance the long-term focus of the program.

The methodology on how shares of our common stock may be earned under the 2024 PSU Awards is as follows:

| PSU Award Feature       | Description                                                                                                                                                                                                                                                                        |
| Performance Period      | Three fiscal years beginning on the first day of 2024                                                                                                                                                                                                                              |
| Performance Measure     | TSR performance relative to the Russell 2000 Index (“RUT”)                                                                                                                                                                                                                         |
| Performance Scale       | 2x spread between COHU and RUT measured and added or subtracted from target (100%)                                                                                                                                                                                                 |
| Performance Methodology | Net change in average closing price of COHU and RUT over the 20 trading-day period immediately preceding the beginning and end of the Performance Period. In the event that both COHU and RUT TSRs are less than zero, the number of shares earned will not exceed 100% of target. |
| Range of PSUs Earnable  | 0-200% of number of shares granted                                                                                                                                                                                                                                                 |
| Vesting Period          | 100% on third anniversary of the date of the grant                                                                                                                                                                                                                                 |

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2022 PSU Award Results

The 2022 PSU awards had a three-year performance period after which the number of shares of our common stock earned was determined based on calculating two times the spread between the percentage increase or decrease in the COHU and RUT measured and added or subtracted from the target of 100%. The spread was measured as the net change in average closing market prices of COHU and RUT over the 20 trading-day period immediately preceding both December 26, 2021 (the beginning of the Performance Period) and December 28, 2024 (the end of the Performance Period).

Following the end of 2024, the Compensation Committee compared our actual performance with respect to the RUT and the TSR result for the years 2022 through 2024 which was calculated to be 29.9% and, therefore, the number of shares of our common stock earned under the 2022 PSU awards was 40.3% of the target number of shares granted to each executive officer.

The number of shares of our common stock earned by our NEOs with respect to their 2022 PSU awards was:

| Named Executive Officer |      Performance 
 Stock Unit Award