Company: ZLAB
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020478
Chunk: 45

Company: Zai Lab Ltd
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 45
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 incorporating PSUs into long-term incentives as the Company matures. |     | •Each year, the Compensation Committee considers a variety of vehicles to help the Company best achieve its goals of attracting, retaining, and motivating strong leaders who perform at high levels and succeed in a demanding business environment. In 2024, the Compensation Committee approved a mix of stock options and RSUs after considering market practices in our peer group as well as the stage of development of the Company. However, the Compensation Committee remained committed to evolving the Company’s equity mix over time and, as our business continues to evolve, to align with market best practices for our industry and support our business priorities at the time and leadership talent retention objectives.                                                                 |
| •Beginning with the annual long-term incentive awards granted in 2025, the Compensation Committee approved the introduction of PSUs as a component of long-term incentive awards to further strengthen the alignment of executive compensation with performance and shareholder expectation.                                                                                                                     |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

We will continue our shareholder engagement efforts and facilitate open and ongoing dialogues so that we understand current investor perspectives on our executive compensation program and practices, among other things. We will also continue to consider the feedback we receive from our shareholders as well as the outcome of say-on-pay votes when making compensation decisions regarding our executives.

#### 2025 Compensation Decisions
In early 2025, after considering several factors including market data provided by its independent compensation consultant, the Compensation Committee approved the following compensation decisions for 2025, which the Compensation Committee believes are aligned with the views shared by our stockholders in recent years:

• No 2025 Compensation Increases for NEOs. The Compensation Committee decided to not increase 2025 base salaries, target bonus opportunities or the long-term incentive award values of the NEOs, including the CEO, as compared to 2024.

• CEO Bonus Based Only on Company Performance. Consistent with the 2024 design and to emphasize and promote CEO accountability for corporate results, the CEO’s annual bonus will be based entirely on corporate performance. In addition, the weighting for the other NEOs will continue to be 80% corporate performance and 20% individual performance in order to tie a portion of their bonus to their success in their functional areas of responsibility, while still focusing the executive team on the Company’s overall performance.

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• Introduction of PSUs. The Compensation Committee approved the grant of PSUs to the NEOs beginning in 2025 in order to