Transaction Details

Footnotes

Each restricted stock unit represents a contingent right to receive one share of Pyxus International, Inc. common stock. | The restricted stock units were awarded on November 20, 2025 to be earned for vesting based on continued service as a director through the earlier of August 14, 2026 or the commencement of the Pyxus International, Inc. annual shareholders meeting to be held in 2026, with a prorated amount being earned for vesting if service ceases before such date, and with vesting being further contingent upon the earliest to occur of the following: (i) March 31, 2031; (ii) the occurrence of a 'Change in Control' (as defined in the Pyxus International, Inc. Amended and Restated 2020 Incentive Plan) as a result of a merger, consolidation, share exchange or sale of all or substantially all of the assets of the Company; or (iii) Pyxus International, Inc.'s common stock being listed for trading on a securities exchange registered with the SEC under Section 6 of the Securities Exchange Act of 1934 or an approved foreign securities exchange.