Company: CALX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001406666-25-000011
Chunk: 68

Company: CALIX, INC
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 68
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 and

• In 2024, all of our equity grants were performance-based stock options (no service-based stock options or RSUs).

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#### Compensation Philosophy and Practices
Our goal is to attract and retain highly qualified executives to manage and oversee each business function. We strive to find the best talent that will be able to contribute to our long-term success, culture, principles, mission and values and who will promote the long-term interests and growth of our Company. Our compensation philosophy is intended to promote a team-oriented approach as a portion of each NEO’s incentive compensation is based on achievement against the same performance objectives as our broad-based incentive plan.

We endeavor to maintain sound executive compensation policies, practices, and governance standards, consistent with our executive compensation philosophy, as summarized below.

|                                                               |     | What we do                                                                                                                                                                                                                                                                                                                                                                              |
| • Pay-for-Performance Structure                               |     | A significant portion of our Named Executive Officers’ compensation is directly linked to our performance. In particular, their target total direct compensation has a significant long-term equity component that makes a substantial portion of each Named Executive Officer’s target total direct compensation dependent upon both our stock price and our financial performance.    |
| • Performance-Based Equity Awards                             |     | In 2024, all of our Named Executive Officers’ annual equity award was in the form of performance-based stock options, requiring achievement of both a financial metric and stock price growth to provide them with any realizable value.                                                                                                                                                |
| • “Double-Trigger” Change in Control Arrangements             |     | Our change in control compensation arrangements include a “double- trigger” provision that requires both a change in control of the Company and a qualifying termination of employment before any severance or other benefits are paid. All outstanding unvested equity awards have a “double trigger” provision, and it is our expectation that all future equity awards will as well. |
| • Independent Compensation Committee and Compensation Advisor |     | The Talent and Compensation Committee consists solely of independent directors. The Talent and Compensation Committee has engaged its own independent compensation advisor to provide information, analysis, and other advice on executive compensation matters independent of management.                                                                                              |
| • Compensation Recovery (“Clawback”) Policy                   |     | We have policies providing for the recovery of certain incentive-based compensation and equity awards from an executive officer if we restate our financial statements as required under the federal securities laws.                                                                                                                                                                   |
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