Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 75

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 75
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 Compensation Committee determined that the market performance-based awards were earned at 100% of target.

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The table below sets forth the target number of our common shares subject to the market performance-based restricted share units awarded to each of our named executive officers. Each officer vests in these shares in 4 equal installments upon completion of each year of service over the 4-year period measured from January 1, 2023. Accordingly, each named executive officer vested in 25% of the shares on January 1, 2025.

| Named Executive Officer |     | Market Performance -Based Restricted Share Unit 
 (Target Shares)                                 |         |
| Stephen C. Chang        |     |                                                 |  90,000 |
| Yifan Liang             |     |                                                 |  90,000 |
| Mike F. Chang           |     |                                                 | 180,000 |
| Wenjun Li               |     |                                                 |  30,000 |
| Bing Xue                |     |                                                 |  90,000 |

Termination and Change in Control Benefits

We have entered into an employment agreement with Mr. Stephen C. Chang who became our Chief Executive Officer effective March 1, 2023, which sets forth certain terms and conditions governing his period of continued employment with us, including certain benefits to which he would become entitled were his employment to be terminated involuntarily. We have entered into an employment agreement with Dr. Mike F. Chang, who was our Chief Executive Officer until March 1, 2023 after which he served as our Executive Chairman of the Board until March 3, 2025 and now serves as Chairman of the Board and Executive Vice President of Strategic Initiatives, which sets forth certain terms and conditions governing his period of continued employment with us including certain benefits to which he would become entitled were his employment to be terminated involuntarily. In addition, we have entered into retention agreements with each of Messrs. Liang, Li, and Xue pursuant to which such officers are entitled to certain severance benefits upon an involuntary termination of employment. Mr. Stephen C. Chang’s employment agreement, Dr. Mike F. Chang’s employment agreement, and the retention agreements for the other officers are summarized below in the section of this proxy entitled “Agreements Regarding Employment, Change in Control and Termination of Employment”.

Pursuant to the terms of our equity plans, outstanding options and time-based restricted share unit awards held by our named executive