Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 24

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 24
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 common stock issued and outstanding as of March 27, 2025, the record date for the Annual Meeting, and the closing price of a share of our common stock as of that date was $2.39. The following table summarizes information regarding stock settled, time-vested equity awards, and performance- based equity awards earned, over the last three fiscal years:

|                                                           |     |        2022 |     |        2023 |     |        2024 |     |         |
| Stock Options/SARs Granted                                |     |           0 |     |           0 |     |           0 |     |         |
| Stock-Settled Time-Vested Restricted Shares/Units Granted |     |     515,491 |     |     687,781 |     |     621,524 |     |         |
| Stock-Settled Performance-Based Shares/Units Earned       |     |     719,659 |     |   1,016,574 |     |     605,150 |     |         |
| Weighted-Average Basic Common Shares Outstanding          |     | ​26,839,000 |     | ​27,882,000 |     | ​28,691,000 |     | 3-Year  
 Average |
| Weighted Average Basic Share Usage Rate                   |     |       4.60% |     |       6.11% |     |       4.28% |     | 5.00%   |

We granted Stock-Settled Performance-Based Shares of 667,345 units in 2022, 1,222,839 units in 2023, and 1,081,216 units in 2024. The increase in our burn rate in 2023 was due, in large part, to available shares granted to our management team as well as the vesting of 2020 granted PRSUs in 2023. Our stock price was $2.04 as of December 31, 2024 and $2.39 on March 27, 2025. We believe our future success continues to depend in part on our ability to attract, motivate and retain high quality employees and directors and that the ability to provide equity-based and incentive-based awards under the Proposed Plan is critical to achieving this success. We would be at a severe competitive disadvantage if we could not use stock-based awards to recruit and compensate our employees and directors. The use of stock as