Cogent amends CEO contract: term to 2026, 180k shares/year, retention grants of 75k shares to officers

COGENT COMMUNICATIONS HOLDINGS, INC.

Extended CEO David Schaeffer's employment term through Dec 31, 2026.
Annual bonus for CEO based on Annualized Wavelength Revenue, capped at $667,000.
CEO to receive 180,000 restricted shares annually in 2024-2026; 84k time-vesting, 96k performance-vesting.
Modified performance measures for outstanding 2020-2023 awards due to data impossibility.
Retention awards: CFO Thaddeus Weed (30k shares), CLO John Chang (30k), CRO James Bubeck (10k), VP Henry Kilmer (5k); vest Jan 3, 2027.

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