Company: FTCI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193125-25-164759
Chunk: 22

Company: FTC Solar, Inc.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 22
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 any award granted under the Amended Plan, as determined by us. We have the right, to the extent permitted by law, to
deduct any such taxes from any payment of any kind otherwise due to the participant. With the approval of the plan administrator, the participant may satisfy the foregoing requirement by either electing to have us withhold from delivery of shares of
our Common Stock, cash or other property, as applicable, or by delivering already owned unrestricted shares of our Common Stock, in each case, having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations. We
may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy our withholding obligation with respect to any award.

Amendment, Termination and Clawback Provisions

The Amended Plan provides our board of directors with the authority to amend, alter or terminate the Amended Plan, but no such action may
adversely affect the rights of any participant with respect to outstanding awards without the participant’s consent. The plan administrator may amend an award, prospectively or retroactively, but no such amendment may adversely affect the
rights of any participant without the participant’s consent. Stockholder approval of any such action will be obtained if required to comply with applicable law.

No award will be granted pursuant to the Amended Plan on or after the tenth anniversary of the effective date of the Amended Plan (although
awards granted before that time will remain outstanding in accordance with their terms).

All awards will be subject to the provisions of
any clawback policy implemented by us to the extent set forth in such clawback policy, and will be further subject to such deductions and clawbacks as may be required to be made pursuant to any law, government regulation or stock exchange listing
requirement.

12

New Plan Benefits Generally, it is not possible to determine the specific amounts and types of awards that may be awarded under the Amended Plan because all awards under the Amended Plan are subject to the discretion of the compensation committee of the Board of Directors. However, as summarized above, awards with respect to 2,000,000 shares of Common Stock are intended to be made under the Amended Plan in the form of retention awards to the Company’s key employees. However, such retention awards have not yet been allocated to specific key employees, and the Company cannot currently determine the benefits or number of shares subject to awards that may be granted in the future, and a new plan benefits table is thus not provided.