Company: ZLAB
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001628280-25-018384
Chunk: 58

Company: Zai Lab Ltd
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 58
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 our shareholders. Each year, the Compensation Committee considers a variety of factors, including the Company’s stage of development and business needs and objectives, market practices in our peer group, and experience and past performance, to determine the type and mix of equity awards that it believes will best support the Company in achieving its goals of attracting, retaining, and motivating strong leaders who perform at high levels and succeed in executing on our corporate strategic goals in a demanding business environment.

For 2024, we granted equity incentive awards using a mix of 50% service-based stock options (“stock options”) and 50% restricted share units (“RSUs”), other than in the case of our CEO, who received target equity incentive awards for 2024 using a mix of approximately 75% stock options and 25% RSUs. This mix delivers a significant portion of the CEO’s compensation in the form of performance-based compensation as stock options only have value if our stock price appreciates following the grant date. RSUs are included as the remaining component of the 2024 equity incentive awards, with 50% weighting for the named executive officers other than the CEO, to support the

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Company’s compensation philosophy of providing market‑competitive compensation in order to attract and retain highly motivated talent, while still delivering at‑risk compensation tied to the Company’s stock price performance.

| Equity Vehicle |     | What It Does                                                                                                                                                     |     | Design Details                                                                                                                                                                   |
| Stock Options  |     | Rewards for stock appreciation and continued service over the vesting period                                                                                     |     | Exercise price per Share: See table below                                                                                                                                        
 Vesting: 25% per year on the anniversary of the date of the grant, subject to continued employment with the Company on the vesting date                                          
 Exercise term: 10 years                                                                                                                                                          |
| RSUs           |     | Supports leadership retention objectives and further aligns interests of executives with shareholders as the RSUs fluctuate based on our share price performance |     | Vesting: 25% per year on the anniversary of the date of the grant, unless otherwise noted below, subject to continued employment with the Company on the applicable vesting date |

2024 Equity Incentive Awards . In determining the total amount and mix of annual equity grants to our named executive officers, in April 2024, the Compensation Committee (or the Board of Directors with respect to the CEO) considered corporate and individual performance, the equity incentive awards granted to comparable executive officers of our peer group companies