CVGI · Commercial Vehicle Group, Inc.

The filing details two compensatory adjustments for CEO James Ray. First, on April 22, 2026, Mr. Ray surrendered 85,031 unvested restricted shares for no consideration to rectify an original grant of 805,031 shares that exceeded the Plan's annual share limitation by 85,031 shares due to stock price fluctuation. The remaining 720,000 shares continue to vest according to the original schedule. Second, the 2025 performance-based stock award (50% of his long-term incentive, with target value of $960,000) was cancelled on April 23, 2026, because of insufficient shares available under the Plan. The cash portion of the 2025 long-term incentive remains in place. The Compensation Committee will engage a consultant to evaluate alternative compensation to replace the cancelled award, with an agreement expected by June 30, 2026. These actions demonstrate the company's commitment to compliance with equity plan limits and highlight the impact of stock price volatility on executive compensation. Investors should monitor for future disclosure of replacement compensation terms.