Company: CVGI
Filing Date: 2025-04-16
Form Type: DEF 14A
Source: 0001628280-25-017895
Chunk: 66

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-04-16
Form: DEF 14A
Chunk 66
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(1) "N/A" refers to the lack of a specific grant date for the annual incentive opportunity. See the “Compensation Discussion and Analysis - Annual Incentive Compensation” for a description of the 2024 metrics for the Commercial Vehicle Group Bonus Plan. These amounts represent potential payouts under the Bonus Plan in 2024. As indicated in the “Summary Compensation Table” under the column titled “Incentive Plan Compensation", and disclosed in more detail in the Compensation Discussion and Analysis section, the Committee exercised negative discretion and no bonus was paid to our NEOs for the year 2024.

(2) See "Compensation Discussion and Analysis - Long Term Incentives" for a description of the cash performance awards. These amounts represent potential payouts under the cash performance awards granted on March 28, 2024 under the 2020 Equity Incentive Plan. Messrs. Ray, Cheung, Mohamed and Ms. Mathers' awards will be earned and payable, if the performance metrics are met, following the end of the three-year performance period that concludes on December 31, 2026. There is no amount shown for Mr. Tajer because as part of his involuntary termination by the Company from his role as President of Electrical Systems effective October 31, 2024, and employee effective December 31, 2024, he will no longer be eligible for long term incentive awards.

(3) Represents the restricted stock awarded on March 28, 2024 under the 2020 Equity Incentive Plan. Mr. Mohamed's awarded shares fully vested in 2024 due to the rule relating to vesting upon attaining retirement age.

(4) Represents performance shares awarded for Mr. Ray on March 28, 2024. Awarded shares were issued in the form of performance shares tied to relative TSR performance as compared to the established peer group and RO