Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 46

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 46
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9 to December 31, 2022. The shares earned under the 2019 MSUs based on performance vest in four equal annual installments commencing January 1, 2023, subject to continued service.

Based on our current equity award practices, our Board estimates that the authorized shares under the 2018 Plan (as proposed to be increased) may be sufficient to provide us with an opportunity to grant equity awards for approximately one year, in amounts determined appropriate by our Compensation Committee, which administers the 2018 Plan (as discussed below). This is only an estimate, and circumstances could cause the share reserve to be used more quickly or more slowly. These circumstances include, but are not limited to, the future price of our common shares, the mix of options and full value awards provided as long-term incentive compensation, grant amounts provided by our competitors, payout of performance-based awards in excess of target in the event of superior performance, hiring activity, and promotions during the next few years.

#### Highlights of the 2018 Plan
The 2018 Plan contains a number of provisions that we believe are consistent with best practices in equity compensation and which protect the shareholders’ interests, as described below.

No evergreen authorization : The 2018 Plan does not have an evergreen provision, which would have permitted an increase in the share pool without further shareholder approval.

No liberal share recycling: Any shares that are withheld by the Company or tendered by a participant to satisfy tax withholding obligations or to pay the exercise price of an option and any shares that are subject to a share appreciation right

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granted under the 2018 Plan that are not issued upon the exercise of such award will not be added back to the share reserve and will not become available for future grants under the 2018 Plan.

No automatic vesting upon a change in control : The 2018 Plan allows for an acquiring corporation to assume outstanding awards, and if awards are assumed, they will generally not accelerate on the change in control. If awards are not assumed, the vesting of such awards will be accelerated (with performance-based awards vesting based on actual performance attainment as of the date of the change in control or on a pro-rated basis for time elapsed in the ongoing performance period based on target level). The plan administrator also has the discretion to take alternative actions such as accelerating the vesting of outstanding awards on a termination following a change in control or requiring that participants exchange outstanding awards for cash.

No liberal change-in