Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 69

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 69
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#### 2024 Total Direct Compensation
We provide annual compensation to our NEOs that is intended to be market competitive, support our compensation philosophy, focus on long-term profitable growth and align the interests of our executives with the interests of our stockholders. To that end, we provide our executives with base salary, cash incentive bonus and performance-based stock options and in select cases service-based stock options.

A significant amount of the total potential annual compensation of our other NEOs in 2024 is comprised of “at-risk” variable compensation based on our achievements of corporate financial targets aligned with our business strategy and creating value for our stockholders. Consistent with the compensation philosophy, total pay for our NEOs is heavily weighted towards long-term equity awards which, other than limited service-based options described below, are comprised 100% of performance-based stock options which only deliver value if the stock price increases and our NEOs have achieved additional financial performance goals. The weighting of compensation elements for Mr. Weening, our CEO, and our other NEOs, in 2024, as a group, is as follows:

For the purposes of the graphs above, base salary and bonus reflect values disclosed in the Summary Compensation Table and long-term equity is based on grant date fair value of the annual performance-based stock option awards granted.

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From time to time, we grant our executives, including our NEOs, service-based stock options. These awards are granted at time of hire, in connection with a promotion and, in limited circumstances, to retain key talent.

#### Salary
Calix offers base salaries that are competitive with our peers and reflect the experience, skills, knowledge, responsibilities and performance of each NEO. The Talent and Compensation Committee reviews the base salaries of our NEOs at least once a year.

The table below sets forth the annual base salary as of December 31, 2024 for each NEO as set by our Talent and Compensation Committee. In 2024, the Committee determined to hold base salaries flat for the NEOs based on their current market positioning and the results of the business in 2023. Messrs. Sindelar, Collins and Eleniak received market and performance-based salary increases ranging from 14% to 19% for 2023, while Mr. Weening's salary has been flat since his promotion to CEO in September 2022.

| Name of Executive Officer |     | 2023 |     | Annual Base Salary as of December 31 |