Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 55

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 55
---
’s PSU grants are subject to achievement of a total stockholder return (“TSR”) performance goal. Executive officers received a “target” number of PSUs. The number of PSUs that will vest will be determined based on the Company’s TSR over a three-year performance period relative to the TSR of the group of companies in the Nasdaq Composite Index. In the case of PSU awards granted in 2024, the performance period is March 21, 2024 to March 20, 2027. The Compensation Committee granted PSUs with a three-year cliff vesting period and potential payout factors in excess of 100% to promote retention. The Committee selected the Nasdaq Composite Index to measure the Company’s relative TSR because this index provides a sufficient number of comparable companies and represents a significant majority of the companies with which the Company competes for stockholder capital. The measurement of the achievement of the TSR performance goal will be made based on the average stock price over a 90-tradingday period for both the Company and the companies in the Nasdaq Composite Index as of both the beginning and the end of the performance period. Only companies that are in the Nasdaq Composite Index as of both the date that is 90 trading days before the first day of the performance period through, and including, the last day of the performance period will be included in the measurement. The measurement of the 90-tradingday period at the beginning of the performance period begins on the day immediately prior to the first day of the performance period. The measurement of the 90-tradingday period at the end of the performance period ends on the last day of the performance period. The number of PSUs, if any, that vest will be determined and certified by the Compensation Committee following the end of the performance period and will be equal to the product of (i) the target number of PSUs and (ii) the applicable payout factor, calculated as set forth below:

| The Company’s TSR Performance Stated as a Comparative Percentile Ranking Within the Members of the Nasdaq Composite Index |     | Payout Factor |     |   |
| ≥ 75th Percentile                                                                                                         |     |               | 200 | % |
| 50th Percentile                                                                                                           |     |               | 100 | % |
| 25th Percentile                                                                                                           |     |               |  50 | % |
| < 25th Percentile                                                                                                         |     |               |   0 | % |

The payout factor will be linearly interpolated