Nextracker approves FY2024 LTIP grants for NEOs with RSUs, PSUs, and options

Nextpower Inc.

CEO Daniel Shugar receives 142,912 RSUs, 142,912 PSUs (target), and 153,521 options.
CFO David Bennett receives 63,516 RSUs, 63,516 PSUs (target), and 68,231 options.
PSU payout ranges 0%-300% based on equally weighted revenue and EBITDA metrics for FY2024.
Earned PSUs subject to cumulative 3-year relative TSR modifier; cliff vest March 31, 2026.
RSUs vest 30% on first two anniversaries, 40% on third; options cliff vest on third anniversary.

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