Company: CVGI
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0001628280-25-017895
Chunk: 56

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 56
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 employment.

| Commercial Vehicle Group 3-Year Total Stockholder Return Rank (out of 16 companies) |     | Percent of Target Award Earned |
| >75th Percentile                                                                    |     | 200%                           |
| 50th Percentile                                                                     |     | 100%                           |
| 25th Percentile                                                                     |     | 50%                            |
| <25 Percentile                                                                      |     | 0% (No Payout)                 |

Potential payouts under the 2024 cash performance awards may range from 0% to 200% of target, based on our relative TSR performance over the three-year period and 0% to 200% of target, based on a first year ROIC metric. Payouts are determined based on straight line interpolation between the performance levels shown above. The TSR award values were granted on March 31, 2024 and will vest on December 31, 2026 and follow a three-year performance period from January 1, 2024 through December 31, 2026 of the published group of peer companies traded on a “national securities exchange” as selected by the Committee in consultation with the Company’s executive management. The ROIC award values were also granted on March 31, 2024 and will vest on December 31, 2026 if the year 1 ROIC target is met. Mr. Tajer's cliff vesting cash performance awards were forfeited with his not for cause termination of employment.

The Committee believes the LTIP design, which puts at least 50% of the award at risk and ties the performance award to stockholder outcomes is consistent with our philosophy of placing greater emphasis on long-term and at-risk incentive compensation to encourage a long-term view that supports the creation of stockholder value. Under current accounting rules, CVG is able to adjust any accounting expense associated with cash-settled awards tied to market-based performance conditions so that the final expense recognized matches the actual performance outcome.

#### Timing of Equity Grants
We did notgrant any stock options or stock appreciation rights during 2024. If the Committee elects to grant stock options or SARs in the future, the Committee will endeavor to make such grants effective when the Company is not otherwise in possession of material nonpublic information. The Committee did not time the disclosure of material, nonpublic information for the purpose of affecting the value of stock-based compensation grants in 2024.

#### Adjustment or Recovery of Awards
Our Board has adopted a Clawback Policy, which