Company: QLYS
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001140361-25-013472
Chunk: 72

Company: QUALYS, INC.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 72
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                 |
| 10/27/2022       |     | 7,846(9)        |     |      1,100,166 |     |           — |     |               — |     |                 |
| 10/28/2021       |     | —               |     |              — |     |   2,408(10) |     |         337,603 |     |                 |
| 10/28/2021       |     | 5,195(11)       |     |        728,443 |     |           — |     |               — |     |                 |
|                  |     |                 |     |                |     |  15,167(13) |     |       2,126,717 |     |                 |

| (1) | All stock awards referenced in this table were granted under our 2012 Equity Incentive Plan. |

| (2) | Stock awards in this column consist of unvested time-based RSUs. |

| (3) | Values reported were computed by multiplying (i) $140.22, the closing price per share on the Nasdaq Stock Market of our common stock on December 31, 2024, the last business day of fiscal 2024, by (ii) the number of shares or units of stock. |

| (4) | The RSUs vest quarterly in equal installments over four years, with the first vesting date on February 1, 2025. |

| 61 |

| (5) | 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 2024, 2025, and 2026, 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, 102.6% 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 result