Company: QLYS
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015182
Chunk: 56

Company: QUALYS, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 56
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 that tranche. |

In designing the performance and vesting structure of these PRSUs, our Compensation and Talent Committee sought to balance the short-term and long-term incentive and retention aspects of the PRSUs, by allowing the named executive officers to earn and vest in up to the target number of PRSUs each year but requiring continued service for approximately three years in order to vest in any Overperformance Amount. In addition, the vesting of these RSUs and PRSUs would accelerate upon the occurrence of certain specified events, as described in the section entitled “ Potential Payments Upon Termination or Change in Control” below.

| 49 |

The number of shares of our common stock covered by the RSUs and PRSUs and their intended value at the time of grant are listed in the table below.

| Named Executive Officer |     |  Number of 
 Time-Based 
    RSUs(1) |     |   Intended 
   Value of 
 Time-Based 
       RSUs |     |         Number of 
          PRSUs at 
   Target Level of 
 Performance(1)(2) |     | Intended Value 
    of PRSUs at 
   Target Level 
 of Performance |     |      Number of 
       PRSUs at 
        Maximum 
       Level of 
 Performance(1) |     |    Intended 
    Value of 
    PRSUs at 
     Maximum 
    Level of 
 Performance |
| Sumedh S. Thakar        |     |     59,953 |     | $7,500,000 |     |            59,953 |     |     $7,500,000 |     |        119,906 |     | $15,000,000 |
| Joo Mi Kim              |     |     33,574 |     | $4,200,000 |     |            14,389 |     |     $1,800,000 |     |         28,778 |     |  $3,600,000 |
| Bruce K. Posey          |     |     19,977 |     | $2,499,000 |     |             8,562 |     |     $1,071,000 |     |         17,124 |     |  $2,142,000 |

| (1) | For each of these equity awards, the intended value of each equity award was converted into a number of RSUs or PRSUs, as applicable