Cogent Communications extends CEO Schaeffer's contract to 2027; new cash and equity comp

COGENT COMMUNICATIONS HOLDINGS, INC.

CEO David Schaeffer's employment term extended to December 31, 2027 via Amendment No. 10.
Annual cash incentive target $500,000, max $667,500, based on AWR CAGR and GP CAGR; zero if negative CAGR.
84,000 time-vesting and 96,000 performance-vesting restricted shares granted annually in 2025, 2026, 2027.
Performance-vesting shares tied to EBITDA CAGR and FCF CAGR over three-year periods; zero vesting if CAGR non-positive.
Customary annual restricted stock grants also awarded to other NEOs (Weed, Chang, Bubeck, Kilmer) on Jan 9, 2025.

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