Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 27

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 27
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 corporate transactions, as described below under the heading “Adjustments.” Under the Amended Plan, we may grant ISOs through the tenth anniversary of the date of Board approval of the Amended Plan. Additionally, the Amended Plan was revised to remove the Company’s ability to grant director restricted share units (“DSUs”) after the Amended Plan Effective Date.

Increase to Individual Award Limit . The Amended Plan increases the number of shares that may be issued to any individual (when combined with all of our other securities-based arrangements, as applicable) to 3% (increased from 2%) of our outstanding number of issued shares from time to time.

Why Stockholders Should Vote to Approve the Amended Plan

The existing Incentive Plan was adopted by our Board in March 2022, was approved by our stockholders at our 2022 annual meeting of stockholders, held on April 17, 2023, and was recently amended by our Board in October 2024, and such amendment was approved by our stockholders at our 2024 annual meeting of shareholders, held on January 21, 2025.

We do not have any other stock incentive plans pursuant to which equity awards can be granted; however, we previously granted equity awards, which remain outstanding, under the employee share option plan of the Company’s predecessor, ABR (the “ABR Employee Share Option Plan”). We are asking our stockholders to approve the Amended Plan because we believe the availability of an adequate reserve of shares under the Incentive Plan is an integral part of our compensation program, as well as our continued growth and success. If the Amended Plan is not approved, we believe the foregoing goals will be adversely affected.

Equity Incentive Awards Are an Important Part of Our Compensation Philosophy. We believe our future success depends on our ability to attract, motivate, and retain high quality talent, and that the ability to continue to

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provide equity-based incentives is critical to achieving this success as we compete for talent in an industry in which equity compensation is market practice and is expected by many existing personnel and prospective candidates. The Incentive Plan was structured to provide the Company with the necessary flexibility to design long-term incentive programs for our employees that align with our compensation philosophy, and more effectively support the strategic priorities of our organization. By maintaining a long-term incentive plan such as the Incentive Plan, our Compensation Committee will be able to design and implement compensation programs that retain our key