Company: LASR
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001124796-25-000043
Chunk: 48

Company: NLIGHT, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 48
---
 defined in the 2018 Plan before March 31, 2027, then performance on the relative TSR goal for these PRSUs will be measured over a reduced period from April 1, 2024 to the third trading day prior to the date of the change in control, and our TSR for this period will be measured using the per share price payable in the change in control as the ending stock price. The PRSU awards do not provide for acceleration of the requirement that service continue to May 14, 2027, but allow for the possibility of double-trigger vesting upon a qualifying termination if provided under another agreement, such as an employment agreement.

See the table entitled “Grants of Plan-Based Awards in Fiscal Year 2024” in this section of the proxy statement for additional information regarding these equity awards to our named executive officers in 2024.

Change of Control and Severance Benefits; Transition Arrangements

Our change of control severance agreements with our named executive officers and certain of our other officers are described in this Proxy Statement under “Employment Arrangements.”

The compensation committee believes that these agreements protect the interests of our stockholders by providing a framework for avoiding the distraction and loss of key management personnel that may occur in connection with rumored or actual fundamental corporate changes. The uncertainty about the future status of employment among management that can arise in the face of a potential change of control could result in the untimely departure or distraction of key officers. Change of control severance agreements provide support to officers to remain with our company despite uncertainties while a change of control is under consideration or pending and the compensation committee believes that the potential benefits under these agreements are reasonable and generally comparable to competitive agreements offered by our peer companies to their senior executives. Severance benefits are “double-trigger,” which means that they are provided to the executive only in the event that the executive is terminated, or the executive involuntarily experiences material changes in terms of employment, following a change of control. We do not provide for gross ups for excise taxes under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”).

<div align='center'>36</div>

Under our 2018 Plan, if a change in control occurs, any outstanding equity awards that are not assumed or substituted for in the transaction will become fully vested and exercisable, and all such performance-based equity awards will be deemed earned at the greater of target or actual results immediately prior to the change in control.

#### Other Benefits and