Company: QLYS
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001140361-25-013472
Chunk: 74

Company: QUALYS, INC.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 74
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 to the tranche became eligible to vest based on the actual annual revenue growth rate and the adjusted EBITDA margin result for calendar year 2024, all of which vested when the performance was certified in January 2025. |

| (8) | The RSUs vest quarterly in equal installments over four years, with the first vesting date on February 1, 2024. |

| (9) | The RSUs vest quarterly in equal installments over four years, with the first vesting date on February 1, 2023. |

| (10) | As discussed above in the “Compensation Discussion and Analysis” section, this PRSU award is a multi-year PRSU award with one-year performance periods covering the calendar years 2022, 2023, and 2024, respectively. Subject to continued service, each tranche will become eligible to vest based on the annual growth rate of the Company’s revenues and the Company’s adjusted EBITDA margin for the applicable performance period, except that vesting and release of the PRSUs is capped at 100% of target performance for each of the first two tranches, with cumulative achievement over 100% to be vested and released at the end of the performance period for the third tranche. For the first tranche, 181.1% of the target number of PRSUs allocated to the tranche became eligible to vest based on the actual annual revenue growth rate and the adjusted EBITDA margin results for calendar year 2022. Among these eligible PRSUs, 100% (out of the 181.1%) of the target number of PRSUs allocated to the tranche vested when the performance was certified |

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in February 2023 and 81.1% of the target number of PRSUs (i.e., the eligible PRSUs exceeding 100% of the target number of PRSUs) vested when the performance of the third tranche was certified in January 2025.

| (11) | The RSUs vest quarterly in equal installments over four years, with the first vesting date on February 1, 2022. |

| (12) | The RSUs vest quarterly in equal installments over four years, with the first vesting date on August 1, 2021. |

| (13) | Amounts in these columns represent PRSUs for which the applicable performance metrics had not been established as of December 31,