Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 36

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 36
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 “Committee” refer to the Board as a whole or the applicable committee designated by the Board. Subject to applicable law and listing standards, the Committee may delegate to any one or more of its members the authority to grant awards at fair market value to eligible individuals who are not subject to the reporting and other provisions of Section 16 of the Exchange Act.

Eligibility. Directors, officers, employees, and service providers of the Company, as well as prospective directors, officers, employees, and service providers who have accepted offers of employment or consultancy from the Company or its subsidiaries and affiliates, are eligible to receive awards under the 2025 Plan. As of August 25, 2025, there were approximately 2,200 officers and employees and eight non-employee directors eligible to participate in the 2025 Plan.

Shares Reserved for Issuance; Fungible Share Ratio; Share Recycling Rules . As of August 25, 2025, there were 2,493,693 shares of our common stock, par value $.01 per share, authorized and available under the 2018 Plan for issuance under future awards, with each share underlying a “full value” award (that is, an award other than a stock option or stock appreciation right) counting as two shares against this maximum limit. If the 2025 Plan is approved by shareholders, an initial reserve of 1,900,000 shares of our common stock would be established for future awards under the 2025 Plan, with each share

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underlying stock options or stock appreciation rights counting as 0.5 shares against this reserve, and each share underlying full value awards counting as one share against this reserve. Accordingly, if approved, the Company would be authorized to issue a maximum of 2,800,000 shares underlying stock options and stock appreciation rights, or 1,900,000 shares underlying full value awards, under the 2025 Plan. If any awards are granted under the 2018 Plan after August 25, 2025 and prior to shareholder approval of the 2025 Plan, these awards shall be treated as having been granted under the 2025 Plan for the purpose of calculating the remaining number of shares issuable under the 2025 Plan. No new awards will be granted under the 2018 Plan from and after shareholder approval of the 2025 Plan.

Shares of stock underlying any awards granted under the 2018 Plan or the 2025 Plan that are forfeited