Aspen Aerogels grants PSU awards to CEO and NEOs tied to relative TSR vs Russell 2000 for 2025-2027

ASPEN AEROGELS INC

CEO Donald Young receives 108,418 target PSUs; other NEOs get 49,426 to 79,719 target PSUs each.
PSUs represent 50% of each NEO's 2025 long-term incentive; rest in RSUs (25%) and options (25%).
Payout based on Aspen's TSR percentile vs Russell 2000 over 3 years (0%-200% of target).
Vesting on 3rd anniversary of grant, subject to continued service; accelerated on death/disability or Change in Control.

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