Wolfspeed FY2024 Bonus Plan approved: CEO target 140% of base salary, CFO target 100%

WOLFSPEED, INC.

Compensation Committee approved FY2024 Bonus Plan on Oct 31, 2023.
CEO Gregg Lowe target award: 140% of base salary; CFO Neill Reynolds: 100% of base salary.
Bonus based on revenue (30%), non-GAAP gross margin (30%), adjusted EBITDA (30%), ESG (10%).
Payout range 0-200% of target; cash bonus determined by performance against pre-set goals.

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