Company: NSSC
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001140361-25-039260
Chunk: 22

Company: NAPCO SECURITY TECHNOLOGIES, INC
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 22
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 82,950 |     |        7,748 |     |   434,286 |

| (1) | To be paid in accordance with pre-existing employment agreements or severance agreements described above. |

| (2) | Represents the difference between the market price of the Company’s Common Stock and exercise price of stock options whose vesting accelerates on a change in control. Based upon the closing price per share of $29.69 of the Company’s Common Stock on the NASDAQ Global Market on June 30, 2025. |

| (3) | In accordance with pre-existing employment agreement or severance agreement, each executive officer is entitled to payment of health insurance premiums for six months in addition to the cash severance described in the Table. |

CEO Pay Ratio - 2025 The 2025 annual total compensation of our CEO was $1,734,903, the 2025 annual total compensation of our median compensated employee (72% of whom are employed at the Company’s factory in the Dominican Republic) was $5,300 and the ratio of these amounts is 327 to 1. We determined our median compensated employee by using base salary, bonuses, commissions, and grant date fair value of equity awards granted to employees in fiscal 2025. We applied this measure to our global employee population as of June 30, 2025, the last day of our 2025 fiscal year, and annualized base salaries for permanent full-time and part-time employees that did not work the full year. The global employee population utilized to identify the median employee used in the calculation includes the Company’s factory employees in the Dominican Republic, which make up 72% of employees of the Company and typically have substantially lower compensation than those employees located in the United States.

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Pay versus Performance The following table reports the compensation of our CEO and the average compensation of the other Named Executive Officers (non-CEO NEOs) as reported in the Summary Compensation Table for the past three fiscal years, as well as their “compensation actually paid” as calculated pursuant to SEC rules and certain performance measures required by the rules.

| Fiscal  
 Year(1) |             |     |         Summary 
    Compensation 
 Table Total for 
          CEO(2) 
             ($) |             |     |    Compensation 
 “Actually Paid” 
       to CEO(3) 
             ($) |     |      Average 
      Summary 
 Compensation 
  Table Total 
  for Non-CEO 
      NEOs(2)