Company: UIS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001104659-25-027313
Chunk: 61

Company: UNISYS CORP
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 61
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 plan that terminates, expires, or is canceled, forfeited, exchanged, or surrendered without having been exercised, vested or paid, up to a maximum of 10,000,000 shares (the “Overall Plan Limit”). As of the record date, 71,068,100 shares of our common stock were outstanding. Similarly, as of the record date, the shares remaining available for issuance under the 2024 Equity Plan that are not subject to currently outstanding awards and the shares subject to currently outstanding awards (including shares reserved for above target performance) were as follows (shares in thousands rounded to the nearest thousand):

| ​ | Shares Available for New Awards Under 2024 Plan(1)                          | ​ | ​ | ​ | ​ |  4,132 | ​ | ​ |
| ​ | Shares Subject to Outstanding Awards Under 2024 Plan and predecessor plans* | ​ | ​ | ​ | ​ |  8,060 | ​ | ​ |
| ​ | Total                                                                       | ​ | ​ | ​ | ​ | 12,192 | ​ | ​ |

(1) All amounts shown assuming maximum share issuance for outstanding performance-based awards In view of the limited number of shares remaining available under the 2024 Equity Plan, our Board adopted the Amendment to the 2024 Equity Plan, which (subject to stockholder approval) adds 3,100,000 shares of common stock to the 2024 Equity Plan and increases the Overall Plan Limit by an equal amount. If our stockholders do not approve the Amendment, the 2024 Equity Plan will continue in full force and effect in its current form. The number of shares added by the Amendment was determined based on an analysis of various factors, including historical burn rate, potential dilution, industry plan cost standards, and anticipated equity compensation needs. In 2024, our average burn rate was 4.04%. The burn rate over the last three years was as follows:

| ​ | Year Ending       | ​ | ​ | Full-ValueSharesGranted(1) |   |           |   | ​ | ​ | WeightedAverageShares |   |            |   | ​ | ​ | BurnRate(2) |   |       |   | ​ |
| ​ | December 31, 2024 | ​ | ​ | ​                          | ​ | 2,794,000 | ​ | ​ | ​ | ​                     | ​ | 69,199,000 | ​ | ​ | ​ | ​           | ​ | 4