SPIRIT AIRLINES, INC.And Performance Share Award Agreement • May 19th, 2022 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Spirit Airlines, Inc., a Delaware corporation (the “Company”), pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the individual listed below (“Participant”), a Performance Share Award (the “Performance Shares”). Each Performance Share represents the right to receive one share of the Company’s Common Stock (each, a “Share”), upon the achievement of certain performance goals and continued employment requirements. This award is subject to all of the terms and conditions set forth herein and in the Performance Share Award Agreement attached hereto as Exhibit A (the “Performance Share Award Agreement”) and the Plan, each of which are incorporated herein by reference. Capitalized terms not specifically defined in this Grant Notice and the Performance Share Award Agreement shall have the meanings specified in the Plan.
SPIRIT AIRLINES, INC. 2015 INCENTIVE AWARD PLAN PERFORMANCE SHARE AWARD GRANT NOTICE AND PERFORMANCE SHARE AWARD AGREEMENT [Adjusted Operating Margin]And Performance Share Award Agreement • April 21st, 2021 • Spirit Airlines, Inc. • Air transportation, scheduled • Delaware
Operating Margin Percentage PSU multiplier Operating Margin Percentage PSU multiplier 22.2% 200.0% Ranked #1 18.2% 100% Ranked #5 22.1% 197.5% 18.1% 95.00% 22.0% 195.0% 18.0% 90.00% 21.9% 192.5% 17.9% 85.00% 21.8% 190.0% 17.8% 80.00% 21.7% 187.5% 17.7% 75.00% 21.6% 185.0% 17.6% 70.00% 21.5% 182.5% 17.5% 65.00% 21.4% 180.0% 17.4% 60.00% 21.3% 177.5% 17.3% 55.00% 21.2% 175.0% 17.2% 50.00% 21.1% 172.5% 17.1% 45.00% 21.0% 170.0% 17.0% 40.00% 20.9% 167.5% 16.9% 35.00% 20.8% 165.0% 16.8% 30.00% 20.7% 162.5% 16.7% 25.00% 20.6% 160.0% 16.6% 20.00% 20.5% 157.5% 16.5% 15.00% 20.4% 155.0% 16.4% 10.00% 20.3% 152.5% 16.3% 5.00% 20.2% 150.0% 16.2% 0.00% Ranked #9 20.1% 147.5% 20.0% 145.0% 19.9% 142.5% 19.8% 140.0% 19.7% 137.5% 19.6% 135.0% 19.5% 132.5% 19.4% 130.0% 19.3% 127.5% 19.2% 125.0% 19.1% 122.5% 19.0% 120.0% 18.9% 117.5% 18.8% 115.0% 18.7% 112.5% 18.6% 110.0% 18.5% 107.5% 18.4% 105.0% 18.3% 102.5% 18.2% 100% Ranked #5
