Company: LEGH
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001104659-25-109708
Chunk: 33

Company: Legacy Housing Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 33
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 the Company does not have any continuing obligation to Mr. Bates following his resignation. (2) Mr. Shipley has a one-year term of employment that automatically renews annually. The current employment period terminates in November 2025. (3) Mr. Fiedelman’s equity awards include unvested stock options that would vest upon a change of control. Stock option value is based on the difference between the Company’s closing stock price at December 31, 2024 and the exercise price. Mr. Fiedelman did not receive any payments upon his resignation effective October 10, 2025, and the Company does not have any continuing obligation to Mr. Fiedelman following his resignation. Policies and Practices Related to the Grant of Certain Equity Awards We grant a variety of equity awards, including: • Stock Options: Incentive stock options and non-qualified stock options with exercise prices at or above fair market value on the grant date. • Restricted Stock Units (“RSUs”): Units representing the right to receive shares of common stock upon vesting. • Performance-Based Awards: Equity awards that vest based on achievement of specified performance goals. Although we do not have a formal policy with respect to the timing of our equity award grants, the Compensation Committee has generally granted equity awards pursuant to the terms of the applicable equity incentive plan and associated award agreements. Generally, grants to executive officers and employees occur on a set schedule, such as at the annual meeting of the Board or Compensation Committee, upon commencement of employment or in other special circumstances.Neither the Board nor the Compensation Committee takes material nonpublic information into account when determining the timing or terms of equity awards, including with respect to options, nor do we timethe disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.The exercise price for stock options is set at or above the fair market value of our Common Stock on the date of grant, as determined by the closing price on our principal stock exchange. Our Compensation Committee reviews and proposes equity awards for executive officers and directors, considering individual performance, competitive market practices, and alignment with company goals. Said

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proposals are then forwarded to the Board for approval. For non-executive employees, Qualified Stock Option awards are typically administered by the Chief Executive Officer, consistent with established guidelines. Equity awards generally vest over a multi-year period, typically five years, subject to continued service. Certain awards may vest based on performance criteria. Unvested awards are forfeited upon termination of employment or