The company said its board adopted, on April 16, 2024 upon the recommendation of the Compensation Committee, an amended and restated 2014 Equity Incentive Plan (the Restated Plan), effective April 17, 2024. Adoption is subject to stockholder approval.

1. 01

   The company said its board adopted, on April 16, 2024 upon the recommendation of the Compensation Committee, an amended and restated 2014 Equity Incentive Plan (the Restated Plan), effective April 17, 2024. Adoption is subject to stockholder approval.

2. 02

   Arista said the share pool under the Prior Plan was extinguished as of the effective date and the Restated Plan sets a new share pool of no more than 13,200,000 shares. Up to 10,039,657 additional shares may be added through expirations, terminations, forfeitures or repurchases.

3. 03

   The company said the terms of the Restated Plan are substantially similar to those of the Prior Plan, including the treatment of equity awards in a change in control. It said it removed the automatic evergreen share increase to align with good corporate governance standards.

4. 04

   The company said that if stockholders do not approve the Restated Plan at the 2024 Annual Meeting of Stockholders, awards granted under it will be forfeited. Under New York Stock Exchange Listing Rule 303A.08, no shares underlying awards granted on or after the effective date will be issued until stockholder approval is obtained.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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