TUCOWS INC /PA/
For the period ended Jun 2, 2026. Filed Apr 23, 2026.
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Jun 2, 2026 · Filed Apr 23, 2026
Contents
Incentive Bonus program
The table below summarizes the 2026 and 2025 incentive bonus opportunities for our NEOs.
| 2026 · 2025 | ||||
|---|---|---|---|---|
| Named Officer | Target incentive Bonus Opportunity(1) | Basis for Target incentive Bonus for 2026 | Target incentive Bonus Opportunity(1) | Basis for Target incentive Bonus for 2025 |
| David Woroch(2) | $474,800 | 100% Tucows targets | $166,848 | 100% Tucows Domains targets |
| Ivan Ivanov | $254,616 | 100% Tucows targets | $240,000 | 50% Ting targets; 25% Wavelo targets; and 25% Tucows Domains targets |
| Justin Reilly | $343,609 | 100% Wavelo targets | $327,022 | 100% Wavelo targets |
| Bret Fausett | $216,300 | 100% Tucows targets | $210,000 | 50% Ting targets; 25% Wavelo targets; and 25% Tucows Domains targets |
| Elliot Noss(2) | - | Not applicable | $451,880 | 50% Ting targets; 20% Wavelo targets; and 30% Tucows Domains targets |
| (1) | All dollar amounts below are shown U.S. dollars. Amounts payable in Canadian dollars for 2025 and 2026 have been converted into U.S. dollars based upon the exchange rate of 1.369 Canadian dollars for each U.S. dollar, the average OANDA exchange rate for the year ended December 31, 2025. |
| (2) | Mr. Woroch became Chief Executive Officer of Tucows Inc on November 6, 2025. Mr. Noss served as Chief Executive Officer until his resignation effective November 6, 2025. |
Our Compensation Committee determined the achievement of the financial objectives applicable under the management incentive compensation plan for 2025 had been partially achieved.
In connection with the Compensation Committee’s annual review process, the Committee also approved a new set of performance goals under our management incentive compensation plan for Fiscal 2026 and decided not to increase the incentive bonus target opportunity for our NEOs.
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