AEye Inc. has adopted new standard forms for performance stock unit (PSU) and restricted stock unit (RSU) agreements under its 2021 Equity Incentive Plan, allowing for cash settlement. On February 9, 2026, the Compensation Committee granted performance-based equity awards to executive officers, including 121,229 PSUs to General Counsel Andrew S. Hughes, 208,713 PSUs to CFO Conor B. Tierney, and on February 11, 2026, 834,724 PSUs to CEO Matthew Fisch. The PSUs vest in one-third increments when the company’s common stock reaches average closing prices of $3.00, $4.00, and $5.00 per share over any five consecutive trading days. If there are insufficient shares for settlement, awards will be paid in cash based on the five-day trailing average price. Any unvested PSUs will be forfeited if performance conditions are not met by December 31, 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEye Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-014883), on February 11, 2026, and is solely responsible for the information contained therein.