Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 24

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 24
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, at the Effective Time, each PSU that is outstanding (and is not a Specified Award) will automatically be converted into a Boeing stock-based RSU. The number of shares of Boeing Common Stock subject to each such Boeing stock-based RSU will be |

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equal to the product (rounded to the nearest whole number) of the total number of shares of Company Common Stock subject to such Spirit PSU immediately prior to the Effective Time based on the attainment of the applicable performance metrics at the actual level of performance, determined as specified in the Merger Agreement, multiplied by the Per Share Merger Consideration. Except as specifically provided in the Merger Agreement, following the Effective Time, each such Boeing stock-based RSU will continue to be governed by the same terms and conditions (including vesting terms but excluding performance conditions) as were applicable to such Spirit PSU immediately prior to the Effective Time.

| • | Specified Awards. Each Specified Award will be cancelled, and the holder thereof will be entitled to receive (subject to any applicable withholding or other taxes or other amounts required to be withheld by applicable law) the Per Share Merger Consideration multiplied by the number of shares of Company Common Stock subject to such Specified Award immediately prior to the Effective Time, provided that the number of shares of Company Common Stock subject to those Specified Awards that are Spirit PSUs will be determined based on the attainment of the applicable performance metrics at the actual level of performance, determined as specified in the Merger Agreement. Notwithstanding the foregoing, to the extent any award is subject to Section 409A of the Internal Revenue Code, such payment will be made on the earliest date permitted by Section 409A. For purposes of the Merger Agreement, Specified Award is defined as: each outstanding RSU, PSU or restricted share of Company Common Stock granted under the OIP that (a) is vested but not yet settled as of immediately prior to the Effective Time, (b) is outstanding, as of immediately prior to the Effective Time, and was granted to a nonemployee member of the Board, (c) vests effective as of the Effective Time in accordance with its terms or (d) is outstanding immediately prior to the Effective Time and held by a person who, as of immediately prior to the Effective Time, is no longer an employee or other service provider to the Company. |

Pursuant to the interim operating restrictions in the Merger Agreement and accompanying disclosure schedule, the Company is only permitted to grant time-based equity awards during