Cogent grants CEO David Schaeffer up to 160,000 restricted shares with performance vesting tied to NTI metrics

COGENT COMMUNICATIONS HOLDINGS, INC.

72,000 time-vesting shares vest monthly from Jan 2026 to Dec 2026 in 6,000-share increments.
Up to 88,000 performance-vesting shares vest April 2027 based on revenue growth (1.5x NTI), cash flow growth (2x NTI), and TSR vs NTI.
Grant effective Jan 3, 2023; shares carry voting rights but dividends held until vesting.
Accelerated vesting upon death, disability, retirement, or change in control per agreement terms.

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