Company: VUZI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001104659-25-040266
Chunk: 38

Company: Vuzix Corp
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 38
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 evaluating the link between “Compensation Actually Paid,” herein referred to as CAP, as defined by the SEC, and measures of market and financial performance.

Pay versus Performance Table

As a Small Reporting Company (SRC), the following
table shows the past two fiscal years’ total compensation for our Named Executive Officers (NEOs) as set forth in the “Summary
Compensation Table,” the CAP paid to our NEOs, the Company’s total stockholder return (TSR), and our net income.

2024 Pay vs. Performance Table

|     | Year |     |   |         Summary 
    Compensation 
 Table Total for 
             CEO |     |   |     Compensation 
 Actually Paid to 
              CEO |   |     |   | Average Summary 
    Compensation 
 Table Total for 
    Non-CEO NEOs |     |   |          Average 
     Compensation 
 Actually Paid to 
     Non-CEO NEOs |     |   |      Value of 
 Initial Fixed 
          $100 
    Investment 
     Based On: 
           TSR |     |   | Net Loss    |   |
|:----|-----:|:----|:--|----------------:|:----|:--|-----------------:|:--|:----|:--|----------------:|:----|:--|-----------------:|:----|:--|--------------:|:----|:--|:------------|:--|
|     | 2024 |     | $ |       1,036,428 |     | $ |        4,425,677 |   |     | $ |         713,126 |     | $ |        2,182,513 |     | $ |           108 |     | $ | (73,538,157 | ) |
|     | 2023 |     | $ |         703,118 |     | $ |         (529,922 | ) |     | $ |         537,524 |     | $ |           51,441 |     | $ |            57 |     | $ | (50,149,077 | ) |

(1) In the table above, our CEO is

(2) The non-CEO NEOs for each applicable year are as follows:

| – | 2024: Grant Russell and Peter Jameson |

| – | 2023: Grant Russell and Peter Jameson |

(3) The SEC rules require that certain adjustments be made
to the