Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 73

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 73
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 the Compensation Committee believes there are a number of benefits in structuring performance awards with a one-year performance period combined with a three-year service period. In particular, the Compensation Committee’s ability to reset performance objectives and tailor goals year over year in response to near-term changes in the Company’s performance or strategic goals, makes a one-year performance period more powerful as a tool for incentivizing consistent, exceptional performance.

The Compensation Committee believes the strategic and revenue goals for the 2025 performance-based restricted share unit awards are challenging and difficult to achieve, but attainable with significant skill and effort on the part of the executive team. The Company discloses specific goals, and actual achievement, at the end of each performance period as the Compensation Committee has determined that disclosing all such levels at the beginning of the performance period could cause competitive harm to the Company.

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Vesting of March 2024 Grants: On March 5, 2024, the Compensation Committee authorized, effective as of March 15, 2024, the grant of restricted share units to each of our named executive officers for the number of our common shares allocated between time-based restricted share units and performance-based restricted share units as indicated below.

| Named Executive Officer |     | Time-Based Restricted Share Units 
 (Shares)                          |        |     | Performance -Based Restricted Share Unit 
 (Target Shares)                          |        |
| Stephen C. Chang        |     |                                   | 57,500 |     |                                          | 57,500 |
| Yifan Liang             |     |                                   | 17,500 |     |                                          | 17,500 |
| Mike F. Chang           |     |                                   | 37,500 |     |                                          | 37,500 |
| Wenjun Li               |     |                                   | 10,000 |     |                                          | 10,000 |
| Bing Xue                |     |                                   | 15,000 |     |                                          | 15,000 |

Each time-based restricted share unit entitles the holder to receive one common share following vesting. Each such award vests with respect to 25% of the units annually upon the participant’s completion of each year of service over the four-year period measured from March 15, 2024. Accordingly, the time-based award vested with respect to 25% of the units on March 15, 2025.

Each performance-based restricted share unit award was to vest based on the level of attainment of specified non-G