Company: JOUT
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001140361-25-000715
Chunk: 45

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 45
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200% of the target bonus amount when both of the maximum financial performance levels are achieved or exceeded. A participant may earn a minimum of 25% of the target bonus amount if the Company performance component reaches both of the threshold or minimum financial performance levels. The amount under the column “Maximum” is limited to 200% of the target bonus award. See the following sections for additional information: “Summary Compensation Table” and “Compensation Discussion and Analysis.” |

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TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

| (2) | These awards were issued under the 2020 Stock Incentive Plan and consisted of an award of performance-based restricted stock units tied to achievement of certain Company financial objectives to be measured over a three-year performance period. For fiscal 2024, see “Components of Executive Compensation – Equity Based Compensation” for additional information regarding award term, conditions and payouts under these performance-based restricted stock units issued to the named executive officers during fiscal 2024. The number of performance-based restricted stock units at target was determined using a grant date share price of $54.20 and resulted in a target grant of 21,218 units for Ms. Johnson-Leipold and 4,843 units for Mr. Johnson. The actual number of shares tied to the performance-based awards to be earned, if any, will be determined based on performance over the fiscal 2024-2026 period. The threshold number of shares equals 50% of the target number of shares and the maximum number of shares equals 150% of the target number of shares. |

| (3) | The service-based restricted stock award was granted on December 6, 2023 and vests on December 6, 2027, the fourth anniversary of the grant date. This award was issued by the Compensation Committee to further the Company’s retention objectives and was based upon a target award value of $262,500 for Mr. Johnson established and approved by the Compensation Committee with the number of shares of restricted stock issued under the award being based upon the grant date fair value per share of $54.20. |

| (4) | The value of the restricted stock and restricted stock units is based upon the December 6, 2023 grant date fair value of $54.20 per share for each share of restricted stock and each restricted stock unit (based upon the target number of shares issued as part of the award), determined pursuant to FASB Accounting Standards Codification Topic 718. For restricted