Company: HCKT
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-043233
Chunk: 56

Company: HACKETT GROUP, INC.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 56
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 which requires continued service through such date.

The foregoing is a broad summary of the 2025 performance-based equity incentive program. The Board retains the right to modify the programs in the future. Please refer to the “Compensation Discussion and Analysis” on page 14 of this Proxy Statement for more details on the Company’s executive compensation program and other significant compensation programs.

Restricted Stock Unit Issuance History and the Impact of Company Actions on Volatility.The following table includes for 2021, 2022, 2023 and 2024 the number of earned restricted stock units granted by the Company to its employees and members of its Board of Directors, as well as an estimate for 2025. The Company believes that historical grant activity is the best indication of future activity, subject to fluctuations in the price of the Company’s common stock and Company performance.

| Year       |     | Earned and Issued Restricted Stock Units Granted |         |     |    | Year-over-Year Restricted Stock Unit Grant Variances |     |   |
| 2021       |     |                                                  | 516,224 |     |    |                                                      | -20 | % |
| 2022       |     |                                                  | 734,464 |     |    |                                                      |  42 | % |
| 2023       |     |                                                  | 590,286 |     |    |                                                      | -20 | % |
| 2024       |     |                                                  | 995,818 |     | -1 |                                                      |  69 | % |
| 2025 (est) |     |                                                  | 450,000 |     |    |                                                      | -55 | % |

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(1) Excludes 1,879,350 restricted stock units issued in connection with the Stock Price Award Program. Of this amount 1,252,900 stock units have not been earned and remain subject to the achievement of stock price hurdles that have not been met.

Material Features of the Plan

The following description of the material terms of the Plan, as amended, is intended to be a summary only. This summary is qualified in its entirety by the complete text of the Plan. Except for the increase in the sublimit for awards of restricted stock and restricted stock units and the increase in the total number of shares available for issuance under the Plan, the proposed amendment for which shareholder approval is sought makes no material changes in the Plan as previously in effect.

Purpose.The purpose of