Company: LEGH
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001104659-25-109708
Chunk: 31

Company: Legacy Housing Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 31
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(1) Mr. Bates received the awards upon joining the Company as Chief Executive Officer in June 2022. (2) Mr. Fiedelman received the award upon joining the Company as Chief Financial Officer in September 2023. Pension Benefits and Nonqualified Deferred Compensation We do not provide any pension benefits, nonqualified defined contribution or other deferred compensation plans for our NEOs. Potential Payments Upon Termination or Change of Control This section describes the payments and benefits that may be payable upon certain terminations of employment or a change of control and the events that trigger them pursuant to the employment agreements for Messrs. Shipley, Bates and Fiedelman. Certain equity awards held by these NEOs are subject to accelerated vesting on a change in control. This section describes the payments and benefits that may be payable upon certain terminations of employment or a change of control and the events that trigger them. Our payment obligations under each employment agreement are contingent upon the NEO executing and delivering a reasonable general release of claims in favor of the Company. Mr. Shipley does not have this requirement. 22

TABLE OF CONTENTS The employment agreements for these NEOs require the NEO to satisfy the following obligations: 1. During his employment and for 12 months following his termination of employment the NEO must comply with the provisions of a covenant not to compete, except for Mr. Fiedelman who must comply for six months if he terminates employment voluntarily or for 12 months if he is terminated by the Company for cause, death or disability, or without cause after a change of control. 2. During his employment and for 24 months following his termination of employment, the NEO must comply with a customary non-solicitation covenant. 3. During his employment and at all times subsequent to the last day of his employment, the NEO must comply with a customary confidentiality covenant. There are four categories of events related to a termination of employment that can trigger payments or other benefits to our NEOs: (i) death and disability; (ii) involuntary termination; (iii) voluntary termination; and (iv) change of control (followed by an involuntary termination). The following