Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 38

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 38
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 method established by the Committee, if, as of the close of trading on the last trading day on which an outstanding stock appreciation right or option may be exercised, the fair market value per share is more than the exercise price per share of such stock appreciation right or option by at least $0.01, the participant will be deemed to have automatically exercised such award as of the close of trading. If the award allows the participant to choose between whether settlement is to be made in common stock or in cash, then unless previously selected, the participant will be deemed to have selected settlement in common stock. Participants may notify the Company's record keeper in advance if the participant does not wish for the applicable stock appreciation right or option to be deemed exercised pursuant to these terms.

An option that is intended to qualify as an incentive option may not be granted to any individual who, on the grant date, owns more than 10% of the total combined voting power of all classes of stock of the Company, unless at the time the exercise price of such incentive option is at least 110% of the fair market value of a share and the incentive option is not exercisable after the fifth anniversary of the grant date. In addition, the aggregate fair market value of the shares at grant for which incentive options become exercisable by a participant during any calendar year may not exceed $100,000.

Restricted Stock and Restricted Stock Units. Shares of restricted stock are actual shares of common stock issued to a participant, subject to conditions that must be met before the participant can sell the stock. The Committee may award shares of common stock to participants subject to such conditions and restrictions as the Committee may determine. These conditions and restrictions include requirements for vesting and limits on transferability, and may also include the right to vote the shares during the vesting period.

Restricted stock units, which include deferred stock units, are awards denominated in shares that are settled, subject to an award's terms and conditions, either in a specified number of shares of common stock or in cash equal to the fair market value of a specified number of shares. Restricted stock units are settled upon vesting, or at a later time if permitted pursuant to a deferred compensation arrangement.

Performance-Based Awards. The 2025 Plan provides that the Committee may require the vesting of awards to be conditioned on the satisfaction of one or more performance goals established by the Committee.

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Other Stock-Based Awards. The Committee may also grant other stock-based awards, not specifically described in the 2025