Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 71

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 71
---
 | 12,000 |     |          |     — |     |              | 38,297 |
| Steven V. Ratner     |     |                                          | 20,185 |     |                                        | 12,000 |     |          |     — |     |              | 32,185 |
| Former Employees:    |     |                                          |        |     |                                        |        |     |          |       |     |              |        |
| Charles R. Wells, IV |     |                                          | 15,881 |     |                                        | 12,000 |     |          | 1,137 |     |              | 29,018 |

(a) Reflects company contributions credited to accounts of our named executive officers under the Mercury Employees Retirement Investment Trust, which is a tax-qualified, 401(k) defined contribution plan. Employer contributions vest in equal annual increments over the two-year period following the participant's date of hire or, if earlier, upon the applicable participant attaining the age of 55.

(b) Represents annual stipends paid in lump sum to each executive to support their retention of personal tax and financial planning advisory services.

(c) Represents net payments by the Company to, or on behalf of, Mr. Wells to re-acquire 127 shares purchased under our tax-qualified employee stock purchase plan in excess of plan limits. These shares were originally purchased by Mr. Wells in November 2023, and were re-acquired by the Company in December 2024. The net payments disclosed in the above table include: (x) $1,111, representing the amount by which the fair market value of the shares in December 2024 exceeded the aggregate purchase price originally paid by Mr. Wells for the shares in November 2023, and (b) $26, representing a gross-up payment in respect of incremental taxable compensation incurred by Mr. Wells as a result of the re-characterization of the November 2023 purchase as occurring outside of our employee stock purchase plan.

(5) Mr. Ballhaus has served as a member of Mercury's Board of Directors since June 21, 2022. Although Mr. Ballhaus was appointed as our Interim President and Chief Executive Officer on June 25, 2023, he did not receive any compensation for fiscal 2023 other than in connection with his non-employee director service. Following the completion of a detailed search process, he was named as our President and Chief Executive Officer effective August 15, 2023