Company: CENX
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001552781-25-000153
Chunk: 44

Company: CENTURY ALUMINUM CO
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 44
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 participants, and determine the form, amount and terms of those awards, except that the amount, form, and timing of the grant of awards to non-employee directors shall be determined by the full Board of Directors unless the Board otherwise delegates any or all of these functions to a committee or committees of the Board. The Compensation Committee has the power to delegate to one or more officers of the Company the right to designate employees (other than the employee himself or herself or executive officers of Century) to receive awards, subject to certain restrictions and provided that the total number of shares or cash payable under such awards are determined by the Compensation Committee.

| 2025            
 Proxy Statement | 61 |

Proposal No. 4 Eligibility Employees of the Company or its subsidiaries, including officers, are eligible to receive awards under the Plan. As of December 31, 2024, the Company had 2,971 employees. However, historically, only select management employees have received annual grants of equity awards under the Company’s equity incentive plans. Currently, the approximate number of employees in that group is 90. Discretionary grants also may be made from time to time to other high potential or performing employees. In addition, non-employee directors of the Company are eligible to receive awards under the Plan. Currently, there are six non-employee directors; however, one director currently waives his right to receive director compensation, including equity awards. Plan and Award Limitations and Restrictions Reserved shares.Subject to adjustment as provided for in the Plan in the event of certain corporate transactions or events and the share usage provisions described under “Share Usage and Limitations” below, the maximum number of shares that may be issued pursuant to Awards granted under the Plan will be 5,519,839, less one share for every share subject to an award granted under the Existing Plan after March 1, 2025 and prior to the date on which the plan is approved by the Company’s stockholders at the Annual Meeting. The maximum number of shares that may be issued pursuant to incentive stock options under the Plan is 5,519,839 shares. Non-employee director compensation.The value (computed in accordance with applicable financial accounting rules) of a non-employee director’s total compensation from the Company in a calendar year, including awards from the Plan, for services rendered as a non-employee director may not exceed $750,000, except that the limitation will be $1,000,000 in any calendar year in which such non-employee director is first appointed or elected to