Executive Compensation Executive Compensation This section provides an overview of Hyzon’s executive compensation programs, including a narrative description of the material factors necessary to understand the information disclosed in the summary compensation table below. Hyzon’s Compensation Committee, in consultation with the board of directors, determines the compensation for Hyzon’s named executive officers. For the year ended December 31, 2022, Hyzon’s named executive officers were: • Parker Meeks, Chief Executive Officer (Former President and Interim Chief Executive Officer); • Samuel Chong, Former Chief Financial Officer; • Pat Griffin, President, North America (Former President of Vehicle Operations); • George Gu, Former Executive Chairman; and • Craig Knight, Former Chief Executive Officer. Hyzon has designed, and intends to modify as necessary, its compensation and benefits program to attract, retain, incentivize and reward qualified executives who share its philosophy and desire to work towards achieving Hyzon’s goals. Hyzon believes its compensation program should promote the success of the Company and align executive incentives with the long-term interests of its stockholders. As Hyzon’s needs evolve, Hyzon intends to continue to evaluate its philosophy and compensation programs as circumstances require. 2022 Summary Compensation Table The 2022 compensation program for Hyzon’s named executive officers consisted of base salary, incentive compensation delivered in the form of restricted stock units and certain other compensation. The following table sets forth information concerning the compensation of the named executive officers for the year ended December 31, 2022. Name and Position Year Salary ($) Bonus ($) Stock Awards ($) (A) AllOther Compensation (S) (B) Total ($) Parker Meeks 2022 482,308 160,779 799,019 28,500 1,470,606 Chief Executive Officer (Former President and Interim Chief Executive Officer)(1) 2021 250,961 — 2,603,997 11,133 2,866,091 Samuel Chong 2022 346,154 — 1,917,000 22,500 2,285,654 Former Chief Financial Officer(2) 2021 — — — — — Pat Griffin 2022 361,704 26,433 489,000 18,000 895,137 President, North America (Former President of Vehicle Operations)(3) 2021 — — — — — GeorgeGu 2022 328,846 266,000 — 625,750 1,220,596 Former Executive Chairman(4) 2021 410,577 — — 18,942 429,519 Craig Knight 2022 294,231 252,000 — 22,500 568,731 Former Chief Executive Officer(5) 2021 378,658 — — 35,757 414,415 (1) Mr. Meeks became Chief Executive Officer of Hyzon effective March 13, 2023. Prior to that role, Mr. Meeks served as President and Interim Chief Executive Officer of Hyzon since August 2022 and Chief Strategy Officer since June 2021. (2) Mr. Chong was appointed Chief Financial Officer effective April 12, 2022 and subsequently resigned effective February 10, 2023. Mr. Chong forfeited the restricted stock units reported above for the fiscal year 2022 in connection with his resignation. (3) Mr. Griffin became a named executive officer of the Company in 2022. Mr. Griffin became President, North America effective April 2023 prior to which he served as President of Vehicle Operations. 26 | Hyzon Motors 2023 Proxy Statement
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