Company: ECIA
Filing Date: 2025-07-14
Form Type: DEF 14A
Source: 0001079973-25-001145
Chunk: 18

Company: ENCISION INC
Filing Date: 2025-07-14
Form: DEF 14A
Chunk 18
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 |   |     | $       |  24,239 |   |     | $       | (53,249 | ) | $                       |     479 |   |     | $       |  (8,563 | ) |     | $       | (20,758 | ) |
| Addition: Fair Value at Vesting of Option Awards Granted  in Fiscal Year That Vested During Fiscal Year                                                                                  |     |         |       — |   |     |         |       — |   |     |         |       — |   |                         |       — |   |     |         |       — |   |     | $       |       — |   |
| Addition (Subtraction): Change in Fair Value as of Vesting Date of Option Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied During Fiscal Year |     | $       |   3,741 |   |     | $       |  (7,559 | ) |     | $       | (31,571 | ) | $                       |  (1,537 | ) |     | $       | (13,097 | ) |     | $       | (13,502 | ) |
| Compensation Actually Paid                                                                                                                                                               |     | $       | 279,629 |   |     | $       | 288,211 |   |     | $       | 179,658 |   | $                       | 175,904 |   |     | $       | 136,689 |   |     | $       | 117,803 |   |

| 9 |

Relationship Between Pay and Performance

The following summarizes
the relationship between the Company’s executive Compensation Actually Paid (“CAP”) and applicable financial performance.

CAP Versus Company TSR

There was a net decrease
in CAP of our PEO and a net increase of the average of non-PEO NEOs over the two-fiscal year period ending March 31, 2025. Over the same
two-fiscal-year period, our cumulative TSR decreased slightly, reflecting relative alignment between our CAP and our cumulative TSR. This
relative alignment is a result of our equity compensation program which aims to align executive compensation with the shareholder experience
(i.e., stock price) through stock option grants.

CAP Versus Net Income

There was a net decrease
in CAP of our PEO and a net increase of the average of non-PEO NEOs over the two-fiscal year period ending March 31,