Company: UIS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001104659-25-027313
Chunk: 63

Company: UNISYS CORP
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 63
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 any type, and shares repurchased by the Company on the open market with the proceeds of the exercise price of options, shall not be available for re-issuance under the 2024 Equity Plan. If SARs are exercised and settled in common stock, the full number of shares subject to the SARs shall be considered issued under the 2024 Equity Plan, without regard to the number of shares issued upon settlement of the SARs. The Amendment makes no other changes to the 2024 Equity Plan. Why Stockholders Should Approve the
Amendment to the 2024 Equity Plan Additional shares are needed.If stockholders do not approve the Amendment to the 2024 Equity Plan, the Company expects that the current equity program will have an insufficient number of shares to grant prior to the 2026 Annual Meeting. If we cannot grant equity awards, the Company will be placed at a competitive disadvantage, making it difficult to attract, retain, and develop the talent of our employees, officers and non-employee directors. Equity awards are an important component of the Company’s compensation program.Equity-based compensation enables us to attract, retain and develop the talent of employees, officers, and non-employee directors. Equity incentives align the interests of our executives with those of our stockholders.Our philosophy is to provide a significant portion of executive compensation in the form of equity awards that are at-risk and performance-based. Equity awards are designed to provide key leaders with a stake in the long-term success of the Company as well as align executive and stockholder interests. Key Plan Features The 2024 Equity Plan is intended to reinforce the alignment between employees’ and non-employee directors’ interests and stockholders’ interests, and purposefully excludes features that could misalign those interests. Accordingly, the 2024 Equity Plan: • Includes a default double trigger change in control provision and does not provide for automatic vesting upon a change in control • Prohibits the payment of dividends or dividend equivalent rights on unvested equity awards • Limits non-employee directors’ aggregate cash and equity compensation in a calendar year • Prohibits repricing of stock options and stock appreciation rights without stockholder approval, other than in connection with a capitalization event adjustment or change in control • Does not have evergreen share pool provisions • Does not have an option or stock appreciation right reload feature • Does not provide tax gross-ups

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