Company: QLYS
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015182
Chunk: 49

Company: QUALYS, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 49
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 how the compensation amounts and awards were determined for 2024.

| Element of Compensation                               |     | Basis for Providing Element                                                                                                                                                                                              |
| Base Salary                                           |     | To provide market competitive compensation to our named executive officers for services based on their experience and past performance                                                                                   |
| Non-Equity Incentive Plan Compensation                |     | To motivate and reward our named executive officers for achieving annual financial and operational objectives that drive increased stockholder value                                                                     |
| Equity Compensation                                   |     | To align our named executive officers’ interests with the long-term interests of our stockholders and to promote the retention of our named executive officers                                                           |
| Non-Cash and Non-Equity Benefits                      |     | To provide for the safety and wellness of our named executive officers                                                                                                                                                   |
| Change in Control and Severance Payments and Benefits |     | To promote the retention of our named executive officers and, in the case of change in control payments and benefits, incentivize them to identify and execute economic transactions for the benefit of our stockholders |

Base Salary Base salary is the primary fixed component of our named executive officers’ compensation. We use base salary to compensate our named executive officers for services rendered during the year and to ensure that we remain competitive in attracting and retaining executive talent. A named executive officer’s base salary at hire is determined through arm’s-length negotiation. Our Compensation and

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Talent Committee typically reviews and considers adjustments to our named executive officers’ base salaries on an annual basis. When doing so, our Compensation and Talent Committee considers factors such as the named executive officer’s experience, skills, knowledge, responsibilities, and performance and the prevailing market conditions. Our Compensation and Talent Committee reviewed our executive compensation program, including base salary for our named executive officers. The committee evaluated the peer group compensation data provided by Compensia and determined, based on its judgment, that we were providing target compensation below current market compensation. The committee approved increases to the base salaries of our named executive officers effective as of November 1, 2024. Each named executive officer’s base salary during 2024 is listed in the table below.

| Named Executive Officer |     |      Base Salary 
 at Start of 2024 |     |    Base Salary 
 at End of 2024 |
| Sumedh S. Thakar        |     |         $600,000 |     |       $610,000 |
| Joo Mi Kim              |     |          450,000 |     |        460,000