Wolfspeed amends CEO, CFO, COO employment agreements; grants equity awards with PSUs tied to FY2028 performance

WOLFSPEED, INC.

CEO Feurle receives $5M sign-on RSU (3-yr vest), $2M annual RSU, $3M PSU; reference price 50% at $19.98 and 50% 45-day VWAP.
CFO van Issum gets $3M sign-on RSU, $800K annual RSU, $1.2M PSU; same reference price and vesting schedules.
COO Emerson granted $2M sign-on RSU, $800K annual RSU, $1.2M PSU; all awards under 2025 Management Incentive Plan.
PSU metrics: 50% relative TSR vs Russell 3000, 25% revenue, 25% leveraged FCF; performance period ends FY2028.
Equity awards vest over three years; PSU payout ranges 0-200% based on performance against set targets.

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