Steven Ratner - Sep 23, 2023 Form 3 Insider Report for MERCURY SYSTEMS INC (MRCY)

Role: EVP, CHRO
Signature: /s/ Michelle McCarthy, attorney-in-fact for Steven Ratner
Stock symbol: MRCY
Transactions as of: Sep 23, 2023
Transactions value $: $0
Form type: 3
Date filed: 10/3/2023, 04:09 PM
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MRCY	Common Stock						53.8K	Sep 23, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 12,782 shares of restricted stock that vest in two equal annual installments beginning on May 16, 2024, and 8,614 shares of restricted stock that vest in three equal annual installments beginning on August 17, 2024. Also includes 19,174 and 10,528 shares of performance-based restricted stock that will vest on May 16, 2025 and August 17, 2026, respectively, assuming on-target performance of pre-established financial objectives for the three fiscal years ending June 27, 2025 and July 3, 2026, respectively. If actual performance under the performance-based restricted stock awards is determined to be above or below the on-target performance level of the awards, then the number of shares that will vest for these awards will range from 0% to 300% and 0% to 225%, respectively, of the shares that would have vested for on-target performance.

Content

Includes 12,782 shares of restricted stock that vest in two equal annual installments beginning on May 16, 2024, and 8,614 shares of restricted stock that vest in three equal annual installments beginning on August 17, 2024. Also includes 19,174 and 10,528 shares of performance-based restricted stock that will vest on May 16, 2025 and August 17, 2026, respectively, assuming on-target performance of pre-established financial objectives for the three fiscal years ending June 27, 2025 and July 3, 2026, respectively. If actual performance under the performance-based restricted stock awards is determined to be above or below the on-target performance level of the awards, then the number of shares that will vest for these awards will range from 0% to 300% and 0% to 225%, respectively, of the shares that would have vested for on-target performance.