Company: MRCY
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001049521-25-000029
Chunk: 54

Company: MERCURY SYSTEMS INC
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 54
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 983,000 |     |                   |     | 150% |     | $                           | 5,950,000 |     | $          | 8,407,500 |
| David E. Farnsworth        |     |           | 463,500 |     |                   |     | 110% |     |                             | 1,600,000 |     |            | 2,573,350 |
| Stuart H. Kupinsky         |     |           | 463,500 |     |                   |     | 100% |     |                             | 1,200,000 |     |            | 2,127,000 |
| Steven V. Ratner           |     |           | 450,883 |     |                   |     | 100% |     |                             | 1,100,000 |     |            | 2,001,766 |
| Former Employee:           |     |           |         |     |                   |     |      |     |                             |           |     |            |           |
| Charles R. Wells, IV(3)    |     |           | 468,000 |     |                   |     | 110% |     |                             | 2,000,000 |     |            | 2,982,800 |

(1) Represents each executive's annual base salary rate and target bonus as a percentage of salary at the end of fiscal 2025 or at such earlier time during fiscal 2025 on which their employment with Mercury terminated.

(2) Represents target long-term incentive ("LTI") awards granted to our named executive offers as part of their annual compensation for fiscal 2025. Accordingly, this table excludes the value of a one-time award granted to Mr. Farnsworth in April 2025, to recognize the expansion of his role following the resignation of Mr. Wells. For a further discussion, see Note 6 to the "Grants of Plan-Based Awards" table in the "Tabular Executive Compensation Disclosure" section of this Proxy Statement.

(3) As a consequence of Mr. Wells' resignation in April 2025, he did not receive any payout in respect of his fiscal 2025 target bonus opportunity, and all of the shares underlying his annual LTI awards reflected in the above table were forfeited.

2025 Incentive Plan Payouts . Payouts under our annual incentive plan and our long-term incentive plan performance awards are subject to the achievement of