Cambium Networks Corp

This section provides a discussion of the compensation paid or awarded to our President and Chief Executive Officer and our two other most highly compensated executive officers as of December 31, 2023, and Atul Bhatnagar, who served as our President and Chief Executive Officer until August 1, 2023. We refer to these individuals as our “named executive officers.” For 2023, our named executive officers were:

* Morgan Kurk, President and Chief Executive Officer and Director

* Archana Nirwan, Chief Human Resources Officer

* Bryan Sheppeck, Senior Vice President, Global Sales

* Atul Bhatnagar, Former President and Chief Executive Officer and Director

Our current executive compensation program is intended to align executive compensation with our business objectives and with the interests of our shareholders, and to enable us to attract, retain and reward executive officers who contribute to our long-term success. The compensation paid or awarded to our named executive officers is generally based on the assessment of each individual’s performance compared against the business objectives established for the fiscal year as well as our historical compensation practices, the overall financial success of the Company, and our ability to meet shareholder objectives. We provide each of our named executive officers with an annual base salary, annual incentive compensation and long-term incentives. The details of our 2023 executive compensation program are discussed below.