EX-10.210-Q·CIK 915779·0001628280-26-060057

EX-10.2

View original filing on SEC EDGAR → ·  seen Sep 02, 2026, 15:19 EDT

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FILING DETAILS

Filer
DAKTRONICS INC /SD/
Period of report
Aug 01, 2026
Filed
Sep 02, 2026
SEC file no.
001-38747
State of inc.
DE
SIC
3990
Location
BROOKINGS, SD

DAKTRONICS, INC.

2025 STOCK INCENTIVE PLAN

PERFORMANCE STOCKUNIT GRANT NOTICE

Pursuant to the terms and conditions of the Daktronics, Inc. 2025 Stock Incentive Plan, as amendedfromtimetotime(the“Plan”),Daktronics,Inc., a Delaware corporation(the“Company”),herebygrantstotheindividual listedbelow(“you”orthe“Recipient”)thetarget number of performancestockunits(the“PSUs”)setforthbelow.ThisawardofPSUs(this “Award”)issubjecttothetermsandconditionssetforthhereinandinthePerformance Stock Unit Agreement attached hereto asExhibit A(the“Agreement”)andthePlan,eachofwhichisincorporatedhereinbyreference.Capitalizedtermsusedbutnot specificallydefinedhereinshallhavethemeaningssetforthinthePlanortheAgreement,asapplicable.

Recipient:            _________________

Date of Grant:    _________________    (the “Dateof Grant”)

AwardType andDescription:

ThisAwardisgrantedpursuanttoSection6ofthePlan.Thisaward represents the right to receive shares of Stock in an amount ranging from 0% to 150% of the Target PSUs (as defined below), subjecttothetermsandconditionssetforthhereinandintheAgreement.

You have therighttoreceivesettlementofthisAwardinanamountrangingfrom0%to150%oftheTarget PSUs.PSUsshallvestandbecome earned and nonforfeitable upon (i) your satisfaction of thecontinuedemploymentorservicerequirementsdescribedbelowunder“ServiceRequirement”and(ii)theCommittee’scertification of the level of achievement of the Performance Goals(definedbelow).TheportionoftheTargetPSUsactuallyearnedupon satisfactionof theforegoingrequirements is referredtoherein as the “EarnedPSUs.”

TargetNumber ofPSUs:

________________    (the“TargetPSUs”)

PerformancePeriod:

SubjecttothetermsofthePlanandtheAgreement,thePSUswillbecomeEarnedPSUsbasedonperformancewithrespecttotheperformancegoalsdescribedinExhibitBattachedhereto(the


“Performance Goals”) during the three-year period consisting of the Company’s fiscal years 2027, 2028, and 2029 (the “Performance Period”).

Service Requirement:    ExceptasexpresslyprovidedinSection2oftheAgreement,you mustremaincontinuouslyemployedbytheCompanyoraSubsidiaryfromtheDateofGrantthroughthelastdayofthePerformancePeriodtobeeligibletoreceivethepaymentoftheAward,whichisbasedonthelevelofachievementwithrespecttothePerformanceGoals.

Byyoursignaturebelow,youagreetobeboundbythetermsandconditionsofthePlan,theAgreement,andthis PerformanceStockUnitGrantNotice(this“GrantNotice”).YouacknowledgethatyouhavereviewedthePlan,the Agreement, andthisGrantNoticeintheirentiretyandfullyunderstandallprovisionsofthePlan,theAgreement,andthisGrantNotice.Youherebyagreetoacceptasbinding,conclusive,andfinal,alldecisionsorinterpretationsoftheCommitteeregardinganyquestionsordeterminationsthatariseundertheAgreement,thePlanorthisGrantNotice.ThisGrantNoticemaybeexecutedinoneormorecounterparts(includingportabledocumentformat(pdf)andfacsimilecounterparts),eachofwhichshallbedeemed to be an original,but all of which together shall constitute one and the same agreement.

[Signature Page Follows]


IN WITNESS WHEREOF,theCompanyhascausedthisGrantNoticetobeexecutedbyanofficerthereuntodulyauthorized,andtheRecipienthasexecutedthisGrantNotice,effectivefor all purposes as provided above.

DAKTRONICS, INC.

By: ___________________________

Name:

Title:

RECIPIENT

Name: _________________________


EXHIBIT A

PERFORMANCE STOCKUNIT AGREEMENT

ThisPerformanceStockUnitAgreement(this “Agreement”)ismadeasoftheDateofGrantbyandbetweenDaktronics,Inc.,aDelawarecorporation(the“Company”),and _____________(the “Recipient”). Capitalized terms used but not specifically defined herein shall have the meanings specified in the Planor the GrantNotice,as applicable.

1.Award.InconsiderationoftheRecipient’spastand/orcontinuedemploymentwiththeCompanyoraSubsidiaryandforothergoodandvaluableconsideration,thereceiptand sufficiencyofwhichisherebyacknowledged,effectiveasoftheDateofGrant,theCompanyherebygrantstotheRecipientthe AwardsetforthintheGrantNoticeonthetermsandconditionssetforthintheGrantNotice,thisAgreement,andthePlan,whichisincorporatedhereinbyreferenceasapartofthisAgreement.IntheeventofanyinconsistencybetweenthePlan and this Agreement, the terms of the Plan shall control.To the extent vested, eachPSUrepresentstherighttoreceiveoneshareofStock,asapplicable;provided,however,that,dependingonthelevelofperformancedetermined by the CommitteetobeattainedwithrespecttothePerformanceGoals,anamount ranging from 0% to 150% of the Target PSUs may be earned hereunder in respect of this Award.VestingandsettlementofthePSUsshalloccuratthetimesandsubjecttothetermsandconditionssetforthintheGrantNotice,thisAgreement,andthePlan.UnlessanduntilthisAwardhasbecomevestedinthemannersetforthintheGrantNotice,theRecipientwillhavenorighttoreceiveanyStockorotherpaymentsinrespectofthe PSUs.Priortosettlement of this Award, thePSUs and this Award represent an unsecured obligation of theCompany, payable only from the general assets of the Company.

2.VestingandForfeitureofPSUs.

(a)ExceptasotherwisesetforthinthisSection2orthePlan,thePSUsshallvestandbecomeearnedinaccordancewiththeRecipient’ssatisfactionof (i) thecontinued employmentconditions setforthintheGrantNotice(the“ServiceRequirement”)and (ii) based on theextenttowhichtheCompanyhassatisfiedthePerformanceGoals described in Exhibit Bto the Grant Notice,whichshallbedeterminedbytheCommitteeinitssolediscretionfollowingtheendofthePerformancePeriod(anyPSUsthatdonotbecomeEarnedPSUsduringthePerformancePeriodshallbeautomaticallyforfeitedwithoutfurthernoticeand at no cost to the Company).UnlessanduntilthePSUshave vested in accordance withsuchvestingconditions,theRecipientwillhavenorighttoreceiveanydividendsorotherdistributionwithrespecttothePSUs.IntheeventoftheterminationoftheRecipient’semploymentwiththeCompanypriortothevestingofthePSUs(butaftergivingeffectto any accelerated vesting pursuant to this Section 2and the Plan), any unvestedPSUs(andallrightsarisingfromsuchPSUsandfrombeingaholderthereof)willterminateautomaticallywithoutanyfurtheractionbytheCompanyandwillbeforfeitedwithoutfurthernotice and at no cost to the Company.

(b)NotwithstandinganythingintheGrantNotice,thisAgreementorthePlantothecontrary,subjecttoSection 9of this Agreement, the PSUs shall immediately become fully vested upon a Change in Control Termination at the target level of performance.


3.Settlementof PSUs.AssoonasadministrativelypracticablefollowingtheCommittee’scertificationof the level of attainment of the Performance Goals with respect to the Performance Period or the date of the accelerated vesting of any portion of this Awardpursuant to Section 2of this Agreement, but not later than 60 days after the applicable vesting date, the Company shall deliver to the Recipient (or the Recipient’spermittedtransferee,ifapplicable)thenumberofsharesofStockequaltothe numberofEarnedPSUsthatvestedandarebeingsettled.AnyfractionalPSUthatbecomesvestedhereundershallberoundeddownatthetimesharesofStockareissuedinsettlementofsuchPSU.NofractionalsharesofStock,northecashvalueofanyfractionalsharesofStock,willbeissuableorpayabletotheRecipientpursuanttothisAgreement.AllsharesofStockissuedhereunder,ifany,shallbedeliveredeitherbydeliveringoneormorecertificatesforsuchsharestotheRecipientorbyenteringsuchsharesinbook-entryform,asdeterminedbytheCommitteeinitssolediscretion.ThevalueofsharesofStockshallnotbearanyinterestowingtothepassageoftime.NeitherthisSection3noranyactiontakenpursuanttoorinaccordancewiththisAgreementshallbeconstruedtocreateatrustorafundedorsecuredobligationofanykind.

4.TaxWithholding.Totheextentthatthereceipt,vesting,orsettlementofthisAwardresultsincompensationincomeorwagestotheRecipientforfederal,state,local,orforeigntaxpurposes,theRecipientshallmakearrangementssatisfactorytotheCompanyforthesatisfactionof obligations for the payment of withholding taxes and other tax obligations relatingtothisAward,whicharrangementsmayinclude,attheCompany’selection,thedeliveryofcashorcashequivalents,Stock(includingpreviouslyownedStock,netsettlement,abroker-assistedsale,orothercashlesswithholdingorreductionoftheamountofcashorsharesofStockotherwiseissuable or delivered pursuant to this Award), other property, or any other legal consideration the Committeedeemsappropriate.Ifsuchtaxobligationsaresatisfiedthroughthewithholdingofshares of Stock that are otherwise issuable to the Recipient pursuant to this Award (or through thesurrenderofpreviouslyownedsharesofStockbytheRecipienttotheCompany),themaximumnumber of shares of Stock that may be so withheld (or surrendered) shall be the number of shares ofStockthathaveanaggregateFairMarketValueonthedateofwithholdingorsurrenderequalto the aggregate amount of such tax liabilities, determined based on the greatest withholding ratesforfederal,state,local,andforeigntaxpurposes,includingpayrolltaxes,thatmaybeutilizedwithoutcreatingadverseaccountingtreatmentfortheCompanywithrespecttothisAward,asdeterminedbytheCommittee.Fortheavoidanceofdoubt,totheextentanycashpaymentsaremadetotheRecipientunderthisAgreement,taxesrelatedtheretowillbewithheldfromsuchpayments.TheRecipientacknowledgesthattheremaybeadversetaxconsequencesuponthereceipt,vesting,orsettlementofthisAwardordispositionoftheunderlyingsharesofStockandtheRecipienthasbeenadvised,andherebyisadvised,toconsultataxadvisor.TheRecipientacknowledges and agrees that none of the Board, the Committee, the Company, or any Subsidiary havemadeanyrepresentationorwarrantyastothetaxconsequencestotheRecipientasaresultofthereceiptofthePSUs,thevestingofthePSUs,ortheforfeitureofanyofthe PSUs.TheRecipientrepresentsthattheRecipientisinnomannerrelyingontheBoard,theCommittee,theCompany,oraSubsidiaryoranyoftheirrespectivemanagers, directors, officers,employees,orauthorizedrepresentatives(including,withoutlimitation,attorneys,accountants,


consultants,bankers,lenders,prospectivelenders,andfinancialrepresentatives)fortaxadviceoranassessmentofsuchtaxconsequences.

5.Non-Transferability.DuringthelifetimeoftheRecipient,thisAwardmaynotbesold,pledged,assigned,ortransferredinanymannerotherthanbywillorthelawsofdescentanddistribution,unlessanduntilthesharesofStockunderlyingthePSUshavebeenissued, and all restrictions applicable to such shares have lapsed. Neither the PSUsnor any interestorrightthereinshallbeliableforthedebts,contracts,orengagementsoftheRecipientorhisorhersuccessorsininterestorshallbesubjecttodispositionbytransfer,alienation,anticipation,pledge,encumbrance,assignment,oranyothermeans,whethersuchdispositionbevoluntaryorinvoluntaryorbyoperationoflawbyjudgment,levy,attachment,garnishment,oranyotherlegalorequitableproceedings(includingbankruptcy),andanyattempteddispositionthereofshallbenullandvoidandofnoeffect,excepttotheextentthatsuchdispositionispermittedbythe preceding sentence.

6.CompliancewithSecuritiesLaw.NotwithstandinganyprovisionofthisAgreementtothecontrary,theissuanceofsharesofStockhereunder,ifany,willbesubjecttocompliancewithallapplicablerequirementsofapplicablelawwithrespecttosuchsecuritiesandwith the requirements of any stock exchange or market system upon which the Stock may then belisted.NosharesofStockwillbeissuedhereunderifsuchissuancewouldconstituteaviolationofanyapplicablelaworregulationortherequirementsofanystockexchangeormarketsystemuponwhichtheStockmaythenbelisted.Inaddition,sharesofStockwillnotbeissuedhereunderunless(a)aregistrationstatementundertheSecuritiesActof1933,asamended(the“SecuritiesAct”)isineffectatthetimeofsuchissuancewithrespecttothesharestobeissuedor(b)intheopinionoflegalcounseltotheCompany,thesharestobeissuedarepermittedtobeissuedinaccordancewiththetermsofanapplicableexemptionfromtheregistrationrequirementsoftheSecuritiesAct.Theinability oftheCompany to obtain fromanyregulatory body havingjurisdictiontheauthority,ifany,deemedbytheCompany’slegalcounseltobenecessaryforthe lawfulissuanceandsaleofanysharesofStockhereunderwillrelievetheCompanyofanyliabilityinrespectofthefailuretoissuesuchsharesastowhichsuchrequisiteauthorityhasnotbeenobtained.AsaconditiontoanyissuanceofStockhereunder,theCompanymayrequiretheRecipienttosatisfyanyrequirementsthatmaybenecessaryorappropriatetoevidencecompliancewithanyapplicablelaworregulationandtomakeanyrepresentationorwarrantywithrespecttosuch compliance as may be requested by the Company.

7.Legends.IfastockcertificateisissuedwithrespecttoanysharesofStockdeliveredhereunder,suchcertificateshallbearsuchlegendorlegendsastheCommitteedeemsappropriateinordertoreflecttherestrictionssetforthinthisAgreementandtoensurecompliancewiththetermsandprovisionsofthisAgreement,therules,regulationsandotherrequirementsoftheSecuritiesandExchangeCommission(the“SEC”),anyapplicablelawsortherequirementsofanystockexchangeonwhichtheStockisthenlisted.If the shares of Stock issued hereunder areheldinbook-entryform,thensuchentrywillreflectthatthesharesaresubjecttotherestrictionsset forth in this Agreement.

8.Rights as a Stockholder.Neither the Recipient nor any person claiming under orthroughtheRecipientshallhaverightsasastockholderoftheCompanywithrespecttoanyshares


ofStockthatmaybecomedeliverablehereunderunlessanduntilthe Stock issuable under the Award has been issued,andnoadjustmentsshallbemadefordividendsincashorotherproperty,distributions,orotherrightsinrespectofanysuchsharesofStock,exceptasotherwise specifically provided for in the Plan or this Agreement.

9.ExecutionofReceiptsandReleases.AnypaymentsofcashoranyissuanceortransferofsharesofStockorotherpropertytotheRecipientortheRecipient’slegalrepresentative,heir,legatee,ordistributee,inaccordancewiththisAgreementshallbeinfullsatisfactionofallclaimsofsuchpersonhereunder.Asaconditionprecedenttosuchpaymentorissuance,theCompanymayrequiretheRecipientortheRecipient’slegalrepresentative,heir,legatee,ordistributeetoexecute(andnotrevokewithinanytimeprovidedtodoso)areleaseandreceipttherefor in such form as it shall determine appropriate; provided, however, that any review periodundersuchreleasewillnotmodifythedateofsettlementwithrespecttoanyEarnedPSUs.

10.No Right to Continued Employment or Awards.

(a)ForpurposesofthisAgreement,theRecipientshallbeconsideredtobeemployedbytheCompanyaslongastheRecipientremainsanemployeeoftheCompanyoraSubsidiary,oranemployeeofacorporationorotherentity(oraparentorsubsidiaryofsuchcorporation or other entity) assuming or substituting a new award for this Award.Nothing in the adoptionofthePlan,northeAwardpursuanttotheGrantNoticeandthisAgreement,shallconferupontheRecipienttherighttocontinuedemploymentbytheCompany or any Subsidiary, or any other entity, or affect in any way the right of the Company or anysuchSubsidiary,oranyotherentitytoterminatesuchemploymentatanytime.Unlessotherwiseprovidedinawrittenemploymentagreementorbyapplicablelaw,theRecipient’semploymentbytheCompany,oranysuchSubsidiary,oranyotherentity,shallbeonanat-willbasis,andtheemploymentrelationshipmaybeterminatedatanytimebyeithertheRecipientortheCompany,oranysuchSubsidiaryoranyotherentityforanyreasonwhatsoever,withorwithoutcauseornotice.Anyquestionastowhetherandwhentherehasbeenaterminationofsuch employment, and the cause of such termination, shall be determined by the Committeeoritsdelegate, and such determination shall be final, conclusive, and binding for all purposes.

(b)This Awardisaone-time benefit and does not createanycontractualorotherrighttoreceiveagrantofAwardsorbenefitsinlieuofAwardsinthefuture. Any future Awards will be granted at the sole discretion of the Company.

11.LegalandEquitableRemedies.TheRecipientacknowledgesthataviolationorattemptedbreachofanyoftheRecipient’scovenantsandagreementsinthisAgreementwillcausesuch damage as will be irreparable, the exact amount of which would be difficult to ascertain and forwhichtherewillbenoadequateremedyatlaw,andaccordingly,thepartiesheretoagreethattheCompanyanditsSubsidiariesshallbeentitledasamatterofrighttoaninjunctionissuedbyanycourtofcompetentjurisdiction,restrainingtheRecipientortheaffiliates,partners,oragentsoftheRecipientfromsuchbreachorattemptedviolationofsuchcovenantsandagreements,aswell astorecoverfromtheRecipientanyandallcostsandexpensessustainedorincurredbytheCompanyoranySubsidiaryinobtainingsuchaninjunction,including,withoutlimitation,


reasonableattorneys’fees.ThepartiestothisAgreementagreethatnobondorothersecurityshallberequiredinconnectionwithsuchinjunction. Anyexercisebyeitherofthepartiestothis

AgreementofitsrightspursuanttothisSection11shallbecumulativeandinadditiontoanyotherremedies to which such party may be entitled.

12.     Notices.AllnoticesandothercommunicationsunderthisAgreementshallbeinwritingandshallbedeliveredtothepartiesatthefollowingaddresses(oratsuchotheraddressforaparty as shall be specified by like notice):

IftotheCompany,unlessotherwisedesignatedbytheCompanyinawrittennoticeto the Recipient (or other holder):

Daktronics, Inc.

Attn: Vice President, Human Resources201 Daktronics Drive

Brookings, SD 57006

If to the Recipient, attheRecipient’slastknownaddressonfiledwiththe Company.

AnynoticethatisdeliveredpersonallyorbyovernightcourierortelecopierinthemannerprovidedhereinshallbedeemedtohavebeendulygiventotheRecipientwhenitismailedbytheCompanyor, if such notice is not mailed to the Recipient, upon receiptby the Recipient.Any notice that isaddressed and mailed in the manner herein provided shall be conclusively presumed to have been given to the party to whom it is addressed at the close of business, local time of such party, on thefourth day afterthe day it is so placed in the mail.

13.     ConsenttoElectronicDelivery;ElectronicSignature.Inlieuofreceivingdocumentsinpaperformat,theRecipientagrees,tothefullestextentpermittedbylaw,toacceptelectronic delivery of any documents that the Company may be required to deliver (including, butnotlimitedto,prospectuses,prospectussupplements,grantorawardnotificationsandagreements,accountstatements,annualandquarterlyreports,andallotherformsofcommunications)inconnectionwiththis AwardandanyotherawardmadeorofferedbytheCompany.ElectronicdeliverymaybeviaaCompanyelectronicmailsystemorbyreferencetoalocationonaCompanyintranettowhichtheRecipienthasaccess.TheRecipientherebyconsentstoanyandallprocedurestheCompanyhasestablishedormayestablishforanelectronicsignaturesystemfordeliveryandacceptanceofanysuchdocumentsthattheCompanymayberequiredtodeliver,andagreesthathisorherelectronicsignatureisthesameas,andshallhavethesameforceandeffectas,hisorher manual signature.

14.     AgreementtoFurnishInformation.TheRecipientagreestofurnishtotheCompanyallinformationrequestedbytheCompanytoenableittocomplywithanyreportingor other requirement imposed upon the Company by or under any applicable statute or regulation.

15.     EntireAgreement;Amendment.ThisAgreementconstitutestheentireagreementofthepartieswithregardtothesubjectmatterhereof,andcontainsallthecovenants,


promises,representations,warrantiesandagreementsbetweenthepartieswithrespecttothe PSUs granted hereby; provided, however, that the terms of this Agreement shall not modifyandshallbesubjecttothetermsandconditionsofanyemploymentagreementbetweenthe RecipientandtheCompany(oraSubsidiaryorotherentity)oraseverance or similarplaninwhichtheRecipientparticipates,ineachcase,ineffectasofthedateadeterminationistobemadeunderthisAgreement.Without limitingthescopeoftheprecedingsentence,exceptasprovidedtherein,allpriorunderstandingsandagreements,ifany,amongthepartiesheretorelatingtothesubjectmatter hereof are hereby null and void and of no further force and effect.The Committee may, inits sole discretion, amend this Agreement from time to time in any manner that is not inconsistentwiththePlan;provided,however,thatexceptasotherwiseprovidedinthePlanorthisAgreement,any such amendment that materially reduces the rights of the Recipient shall be effectiveonly if itis in writing and signed by both the Recipient and an authorized officer of the Company.

16.     Severability and Waiver.Ifacourtofcompetentjurisdictiondeterminesthatanyprovision of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of suchprovisionshallnotaffectthevalidityorenforceabilityofanyotherprovisionofthisAgreement,andallotherprovisionsshallremaininfullforceandeffect.Waiverbyanypartyofany breach of this Agreement or failure to exercise any right hereunder shall not be deemed to be awaiverofanyotherbreachorright.Thefailureofanypartytotakeactionbyreasonofsuchbreachortoexerciseanysuchrightshallnotdeprivethepartyoftherighttotakeactionatanytime while or after such breach or condition giving rise to such rights continues.

17.     Clawback.Notwithstanding any provision in the Grant Notice, this Agreement, orthePlantothecontrary,totheextentrequiredby(a)applicablelaw,including,withoutlimitation,therequirementsoftheDodd-FrankWallStreetReformandConsumerProtectionActof2010,anySECrule,oranyapplicablesecuritiesexchangelistingstandardsand/or(b)anypolicythatmaybeadoptedoramendedbytheBoardfromtimetotime, including, without limitation, the Company’s Executive Incentive Compensation Clawback Policy,allcashorsharesofStockissuedhereundershallbesubjecttoforfeiture,repurchase,recoupment,and/orcancellationtotheextentnecessaryto comply with such law(s) and/or policy.

18.     GoverningLaw.THISAGREEMENTANDTHERIGHTSOFTHERECIPIENTHEREUNDERSHALLBECONSTRUEDANDDETERMINEDINACCORDANCEWITHTHELAWSOFTHESTATEOFDELAWARE,WITHOUTREGARD TO THE CHOICE OR CONFLICTS OF LAW PROVISIONS THEREOF.

19.     SuccessorsandAssigns.TheCompanymayassignanyofitsrightsunderthisAgreementwithouttheRecipient’sconsent.ThisAgreementwillbebindinguponandinuretothebenefitofthesuccessorsandassignsoftheCompany.SubjecttotherestrictionsontransfersetforthhereinandinthePlan,thisAgreementwillbebindingupontheRecipientandtheRecipient’sbeneficiaries,executors,administrators,andtheperson(s)towhomthePSUsmaybe transferred by will or the laws of descent or distribution.

20.     Headings.HeadingsareforconvenienceonlyandarenotdeemedtobepartofthisAgreement.


21.     Counterparts.TheGrantNoticemaybeexecutedinoneormorecounterparts,includingbywayofanyelectronicordigitalsignature,subjecttoapplicablelaw,eachofwhichshall be deemed an original and all of which together shall constitute one instrument.Delivery ofanexecutedcounterpartoftheGrantNoticebyfacsimileorportabledocumentformat(.pdf) attachmentto electronicmailshallbeeffectiveasdeliveryofamanuallyexecutedcounterpartofthe Grant Notice.

22.     Section409A.NotwithstandinganythinghereinorinthePlantothecontrary,thePSUsgrantedpursuanttothisAgreementareintendedtobeexemptfromtheapplicablerequirementsofSection409AoftheCodeandtheguidanceandregulationspromulgatedthereunder(“Section409A”),andshallbelimited,construed,andinterpretedinaccordancewithsuchintent.Nevertheless,totheextentthattheCommitteedeterminesthatthePSUsmaynotbeexemptfromSection409A,then,iftheRecipientisdeemedtobea“specifiedemployee”withinthemeaningofSection409A,asdeterminedbytheCommittee,atatimewhentheRecipientbecomeseligibleforsettlementofthePSUsuponhis“separationfromservice”withinthemeaningofSection409A,thentotheextentnecessarytopreventanyacceleratedoradditionaltaxunderSection409A,suchsettlementwillbedelayeduntiltheearlierof:(a)thedatethatissixmonthsfollowingtheRecipient’sseparationfromserviceand(b)theRecipient’sdeath.Notwithstandingtheforegoing,theCompanyanditsSubsidiariesmakenorepresentationsthatthe PSUsprovided under this Agreement are exempt from or compliant withSection 409AandinnoeventshalltheCompanyoranySubsidiarybeliableforalloranyportionofanytaxes,penalties,interest,orotherexpensesthatmaybeincurredbytheRecipientonaccountofnon-compliance with Section 409A.


EXHIBIT B

PERFORMANCE GOALS FOR PERFORMANCE STOCK UNITS

ThenumberofPSUs,ifany,thatbecomevestedduringthePerformancePeriodwillbedeterminedbased on two separate PerformanceGoals measured over the Performance Period: (i)60% of the Target PSUs (as modified based on performance set forth in the table below) will vestandbecomeEarnedPSUsbasedontheCompany’sCumulative Operating Income (asdefinedbelow),and(ii)40%oftheTarget PSUs (as modified based on performance set forth in the table below) will vestandbecomeEarnedPSUs basedontheCompany’s Cumulative Revenue (as defined below).

ForpurposesofthisAgreement:

“CumulativeOperating Income”means the Company’s cumulative operating income (“OI”) over the Performance Period (FY27 OI; plusFY28 OI; plusFY29 OI).

“CumulativeRevenue”means the Company’s cumulative revenue (sales total) over the Performance Period (FY27 revenue; plusFY28 revenue; plusFY29 revenue).

“Target Level of Performance” means achievement of 100% of the Cumulative Operating Income and Cumulative Revenue targets approved in the Company’s approved 3-year Financial Plan (FY2027-2029), respectively:

“Threshold Level of Performance” means achievement of 80% of the Cumulative Operating Income and Cumulative Revenue targets approved in the Company’s approved 3-year Financial Plan (FY2027-2029), respectively;

“Maximum Level of Performance” means achievement of 120% of the Cumulative Operating Income and Cumulative Revenue targets approved in the Company’s approved 3-year Financial Plan (FY2027-2029), respectively;

Earned PSUswillbedeterminedinaccordancewiththefollowingschedule:

Level of Performance ProfitGrowth (60%) RevenueGrowth (40%) Earned PSU Percentage(1)
Threshold 80% 80% 25%
Target 100% 100% 100%
Maximum 120% 120% 150%

(1)EarnedPSUsrepresentapercentageofTargetPSUsearnedforperformance. For performance between threshold and target and between target and maximum, the amount of Earned PSUs will be determined by linear interpolation.

*The Board reserves the right to make equitable adjustments to the performance targets for any given fiscal year based on Company-wide one-time occurrences, including, without limitation, one-time adjustments associated with business combination transactions.

B-1

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