Wolfspeed enters new employment agreement with CFO van Issum; base $500K

WOLFSPEED, INC.

Agreement effective Jan 1, 2026; at-will employment, base salary $500,000.
Target annual bonus of 75% of base salary; equity grants of $3M RSUs and $2M annual mix (40% RSU/60% PSU).
Sign-on bonus of $450,000 must be repaid if termination for any reason or cause within one year of Sept 1, 2025.
Relocation reimbursement up to $150,000 (grossed up); Company will provide access to Duke Executive Health program.
Eligible for Senior Leadership Team Severance Plan; prior agreements with Wolfspeed Europe GmbH superseded.

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