CEO Shahram Askarpour granted 201,000 PSUs with vesting at $10/$12/$14 stock price thresholds

INNOVATIVE SOLUTIONS & SUPPORT INC

Grant date Nov 20, 2024; PSUs vest in three equal tranches when ISSC trades ≥$10, $12, $14 for 20 consecutive days.
If first tranche ($10) fails to vest by third anniversary, its threshold rises to $12 for remainder of 4-year performance period.
Any unvested PSUs forfeited on termination of employment for any reason; no payment due.
Upon Change in Control, unvested tranches vest if per-share consideration equals or exceeds the applicable vesting price.
Each vested PSU settles into one share of ISSC common stock; PSUs carry no voting or dividend rights until settlement.

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