Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 72

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 72
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 Appreciation Rights (“SARs”). Any shares subject to a stock option that a participant tenders or the Company retains as payment for the purchase price of the option or with respect to options or SARs granted after the amendment, the Company retains for tax withholding will not be available again for issuance under the 2018 Plan. |

| ● | Our Claw-back Policy Covers Both Time-Based and Performance-Based Awards Under 2018 Plan. Incentive compensation awards granted under the 2018 Plan are covered by Digimarc’s claw-back policy, which empowers the Committee to require executive officers to reimburse the Company for incentive compensation awarded or paid if the result of the performance measure upon which the award was based or paid, or that was considered in determining the compensation awarded or paid, is subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment, and to recover incentive compensation paid (including both time-based and performance-based equity awards) to an officer or employee whose intentional misconduct contributed to increasing the amount of such compensation. The Company’s Claw-back Policy also applies to all officers and employees in the Corporate Governance Guidelines. Under the revised guidelines, if any officer or employee of the Company engages in any of the following: (i) fraud or intentional misconduct that causes the Company to restate its financial statements, (ii) sexual harassment, or (iii) detrimental conduct by such officer or employee that causes material financial or reputational harm, then the Company will have the discretion, at the direction of the Compensation Committee after it has considered the costs and benefits of doing so, and to the extent permitted by applicable law, to take any or all of the following actions, as determined by the Compensation Committee in its discretion, regarding any incentive compensation (including any time-based and performance-based equity awards) awarded or paid to such officer or employee: (i) require such officer or employee to reimburse the Company for all or a portion of such incentive compensation, (ii) cancel all or a portion of such incentive compensation, or (iii) take other remedial and recovery action. |

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| ● | Award Vesting Not Automatically Accelerated by Merger or Similar Transaction. In the event of a merger or other corporate transaction, awards granted under the 2018 Plan that vest based on continued service will not vest on an accelerated basis unless the awards will otherwise terminate as a result of the transaction without the holder receiving consideration in the form of such awards being either cashed-out or converted