Company: UIS
Filing Date: 2025-03-12
Form Type: PRE 14A
Source: 0001104659-25-023022
Chunk: 51

Company: UNISYS CORP
Filing Date: 2025-03-12
Form: PRE 14A
Chunk 51
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 his outstanding time-based RSUs will vest as of the date of his termination and his outstanding rTSR-based RSUs and performance-based cash

TABLE OF CONTENTS

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awards will remain outstanding and continue to be eligible to vest as if Mr. Altabef remained employed through the applicable vesting date. As of the record date, Mr. Altabef held 194,637 outstanding time-based RSU awards, 114,637 unearned rTSR-based RSUs (assuming target performance), 192,803 unearned performance-based RSUs (which will be forfeited as of April 1, 2025 since the performance threshold will not be met) and earned performance-based cash awards with an aggregate payout of $1,456,747 at the target performance level. Mr. Thomson’s New Letter Agreement On December 5, 2024, the Company entered into a letter agreement (the “Offer Letter”) with Mr. Thomson, as amended on January 3, 2025, regarding his service as President and CEO. The Offer Letter takes effect on April 1, 2025, and supersedes his prior executive severance and change in control employment agreements. Pursuant to the Offer Letter, Mr. Thomson will receive an annual base salary of $800,000 and an annual target bonus of 120% of earned base salary under the Company’s Executive Variable Compensation Plan. Mr. Thomson is also eligible to receive an equity award at the next annual grant cycle in 2025 and subsequent years with a target grant date fair value of $3,881,250 under the same terms and conditions as all other grant recipients. Mr. Thomson is eligible for severance benefits upon a termination without cause equal to two times the sum of his annual base salary and annual target bonus and subsidized healthcare coverage for up to 24 months following the date of termination. Mr. Thomson is also eligible for change in control payments and benefits such that if, following a change of control, the Company terminates his employment without “cause” or Mr. Thomson terminates employment for “good reason” (as defined in the Offer Letter), Mr. Thomson shall be entitled to receive termination benefits as follows: a pro-rated bonus for the year in which the termination occurs (based on the higher of Mr. Thomson’s target bonus prior to the change of control, the highest annual bonus paid