Beam Global grants CEO Desmond Wheatley 142,500 RSUs and target 142,500 PRSUs

Beam Global

50% of RSUs vested immediately; remaining vest on Feb 1, 2024 (25%) and Feb 1, 2025 (25%).
PRSUs tied to cumulative revenue (75% weight) and avg gross margin (25%) over 2022-2024.
PRSU target: $105M cumulative revenue and 4% avg gross margin; range 0%-150% of target.
Threshold for PRSUs: $90M cumulative revenue and 3% avg gross margin; below threshold yields 0%.
Awards under 2021 Equity Incentive Plan; vest accelerates on death, disability, or termination w/o cause.

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