Performance-Based Restricted Stock Unit Award Agreement Sample Contracts

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE XPO LOGISTICS, INC. 2016 OMNIBUS INCENTIVE COMPENSATION PLAN, dated as of August 15, 2023 (the “Grant Date”) between XPO, INC., a Delaware corporation (the “Company”), and Kyle Wismans
Performance-Based Restricted Stock Unit Award Agreement • October 30th, 2023 • XPO, Inc. • Transportation services • Delaware

This Performance-Based Restricted Stock Unit Award Agreement (this “Award Agreement”) sets forth the terms and conditions of an award of performance-based restricted stock units with respect to a target number of shares (the “Target Amount”) of the Company’s Common Stock, $0.001 par value (“Share”) equal to 3,454 performance-based restricted stock units stock units (this “Award”), that is subject to the terms and conditions specified herein (each such restricted stock unit, an “RSU”) and that are granted to you under the XPO Logistics, Inc. 2016 Omnibus Incentive Compensation Plan (the “Plan”). This Award provides you with the opportunity to earn, subject to the terms of this Award Agreement, shares, or cash, as set forth in Section 3 of this Award Agreement.

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PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • August 4th, 2020 • Nabors Industries LTD • Drilling oil & gas wells • Delaware

This Performance-Based Restricted Stock Unit Award (this “Award”) is effective the ______ day of _____________, _____ (the “Date of Grant”) between Nabors Industries, Inc. (“NII”), acting on behalf of Nabors Industries Ltd. (“NIL” or the “Company”) and at the request of _____________, a subsidiary of NIL, and Anthony G. Petrello (the “Grantee”).

VERSUM MATERIALS, INC. PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • November 22nd, 2017 • Versum Materials, Inc. • Miscellaneous chemical products • Delaware

THIS AGREEMENT (the “Agreement”), is made, effective as of [DATE] (the “Grant Date”) between Versum Materials, Inc., a Delaware corporation (the “Company”), and [FIRST NAME] [LAST NAME], an employee of the Company or an Affiliate (the “Employee”). For purposes of this Agreement, capitalized terms not otherwise defined herein or in Appendix A attached to this Agreement shall have the meanings set forth in the Versum Materials Inc. Long-Term Incentive Plan (the “Plan”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • November 6th, 2014 • Orbitz Worldwide, Inc. • Transportation services • Illinois

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is made as of ________, 201__ (the “Grant Date”) by and between Orbitz Worldwide, Inc., a Delaware corporation (“Orbitz”), and the employee whose name is set forth on the signature page hereto (“Employee”).

Kemper Corporation 2011 Omnibus Equity Plan PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • May 5th, 2016 • KEMPER Corp • Fire, marine & casualty insurance • Delaware

This PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is made as of this ______ day of ___________, ____ (“Grant Date”) between KEMPER CORPORATION, a Delaware corporation (“Company”), and «name» (“Award Holder”) for an Award of an aggregate of «shares» («shares») restricted stock units (the “RSUs”), each representing the right to receive one share of the Company’s common stock (“Common Stock”) on the terms and conditions set forth in this Agreement.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE ALLIANCE DATA SYSTEMS CORPORATION 2005 LONG-TERM INCENTIVE PLAN
Performance-Based Restricted Stock Unit Award Agreement • February 25th, 2009 • Alliance Data Systems Corp • Services-business services, nec • Delaware

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”), made as of DATE (the “Grant Date”) by and between Alliance Data Systems Corporation (the “Company”) and NAME (the “Participant”) who is an employee of the Company or one of its Affiliates, evidences the grant by the Company of an award of restricted stock units (the “Award”) to the Participant and the Participant’s acceptance of the Award in accordance with the provisions of the Alliance Data Systems Corporation 2005 Long-Term Incentive Plan (the “Plan”). The Company and the Participant agree as follows:

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • November 6th, 2014 • Orbitz Worldwide, Inc. • Transportation services • Illinois

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is made as of [GRANT DATE] (the “Grant Date”) by and between Orbitz Worldwide, Inc., a Delaware corporation (“Orbitz”), and the employee whose name is set forth on the signature page hereto (“Employee”).

FIRST DEFIANCE FINANCIAL CORP. PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (SHORT TERM INCENTIVE – TARP APPLICABLE)
Performance-Based Restricted Stock Unit Award Agreement • August 19th, 2011 • First Defiance Financial Corp • Savings institution, federally chartered • Ohio

First Defiance Financial Corp. (the “Company”) hereby grants the undersigned Participant an Award of Performance-Based Restricted Stock Units (the “RSUs”), subject to the terms and conditions described in the First Defiance Financial Corp. 2010 Equity Incentive Plan (the “Plan”) and this Performance-Based Restricted Stock Unit Award Agreement (Short-Term Incentive – TARP Applicable) (this “Award Agreement”). Each whole or fractional RSU entitles the Participant to receive a cash payment equal to the Fair Market Value of a Share on the Payment Date (as defined below).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • October 6th, 2017 • Kb Home • Operative builders • California

This Performance-Based Restricted Stock Unit Award Agreement (“Agreement”) is made on [DATE] (“Grant Date”) by and between KB Home, a Delaware corporation (“Company”), and [NAME] (“Employee”). Capitalized terms used in this Agreement and not defined herein have the respective meanings given to them in the Amended KB Home 2014 Equity Incentive Plan (“Plan”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE ONEMAIN HOLDINGS, INC. AMENDED 2013 OMNIBUS INCENTIVE PLAN
Performance-Based Restricted Stock Unit Award Agreement • February 10th, 2023 • Onemain Finance Corp • Personal credit institutions • Delaware

This Award Agreement (this “RSU Award Agreement”), dated as of #GrantDate+C# (the “Date of Grant”), is made by and between OneMain Holdings, Inc., a Delaware corporation (the “Company”), and #ParticipantName+C (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the OneMain Holdings, Inc. Amended 2013 Omnibus Incentive Plan (as may be amended from time to time, the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • June 25th, 2008 • Orbitz Worldwide, Inc. • Transportation services • Illinois

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is made as of , 20 (the “Grant Date”) by and between Orbitz Worldwide, Inc., a Delaware corporation (“Orbitz”), and the employee whose name is set forth on the signature page hereto (“Employee”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT FMC CORPORATION INCENTIVE COMPENSATION AND STOCK PLAN
Performance-Based Restricted Stock Unit Award Agreement • August 2nd, 2017 • FMC Corp • Chemicals & allied products • Delaware

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by and between FMC Corporation (the “Company”) and [_________________________]1 (the “Participant”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE XPO LOGISTICS, INC. 2016 OMNIBUS INCENTIVE COMPENSATION PLAN, dated as of [DATE] (the “Grant Date”) between XPO LOGISTICS, INC., a Delaware corporation (the “Company”), and [PARTICIPANT...
Performance-Based Restricted Stock Unit Award Agreement • November 30th, 2022 • RXO, Inc. • Transportation services • Delaware

This Performance-Based Restricted Stock Unit Award Agreement (this “Award Agreement”) sets forth the terms and conditions of an award of restricted stock units with respect to a number of shares of the Company’s Common Stock, $0.001 par value (“Share”) equal to [NUMBER OF UNITS] (this “Award”), that is subject to the terms and conditions specified herein (each such restricted stock unit, an “RSU”) and that are granted to you under the XPO Logistics, Inc. 2016 Omnibus Incentive Compensation Plan (the “Plan”). This Award provides you with the opportunity to earn, subject to the terms of this Award Agreement, Shares or cash, as set forth in Section 3 of this Award Agreement.

DRIVEN BRANDS HOLDINGS INC. PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • March 22nd, 2022 • Driven Brands Holdings Inc. • Services-automotive repair, services & parking • Delaware

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”), is entered into as of [ DATE ] (the “Date of Grant”), by and between Driven Brands Holdings Inc., a Delaware corporation (the “Company”), and ________ (the “Participant”). Capitalized terms used in this Agreement and not otherwise defined herein have the meanings ascribed to such terms in the Driven Brands Holdings Inc. 2021 Omnibus Incentive Plan, as amended, restated or otherwise modified from time to time in accordance with its terms (the “Plan”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • May 3rd, 2019 • Renewable Energy Group, Inc. • Industrial organic chemicals • Iowa

This Performance-Based Restricted Stock Unit Award Agreement (“Agreement”) memorializes the award effective as of ____________________ (the “Grant Date”), by and between Renewable Energy Group, Inc., a Delaware corporation (the “Company”), and ____________________ (“Employee”), pursuant to the Renewable Energy Group, Inc. Amended and Restated 2009 Stock Incentive Plan (the “Plan”). Employee and the Company agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • August 4th, 2021 • WEX Inc. • Services-business services, nec • Delaware

THIS AWARD AGREEMENT (“Agreement”) is entered into by and between WEX Inc., a Delaware corporation (the “Company”), and the Grantee named on the attached Memorandum (the “Memorandum”), effective as of the Date of Grant set forth on such Memorandum, pursuant to the terms and conditions of the WEX Inc. Amended and Restated 2019 Equity and Incentive Plan (the “Plan”).

RALPH LAUREN CORPORATION PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • May 15th, 2015 • Ralph Lauren Corp • Men's & boys' furnishgs, work clothg, & allied garments • New York

THIS AGREEMENT (the "Agreement"), is made, effective as of the [Date] (the "Grant Date"), between Ralph Lauren Corporation, a Delaware corporation (hereinafter called the "Company"), and [Employee Name] (hereinafter called the "Participant").

UNITED STATIONERS INC. PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • August 25th, 2011 • United Stationers Inc • Wholesale-paper & paper products • Delaware

This Restricted Stock Unit Award Agreement (this “Agreement”), dated August 19, 2011, (the “Award Date”), is by and between P. Cody Phipps (the “Participant”), and United Stationers Inc., a Delaware corporation (the “Company”). Any term capitalized but not defined in this Agreement will have the meaning set forth in the Company’s 2004 Long-Term Incentive Plan (the “Plan”). The Company and the Participant have entered into an amended and restated Employment Agreement of even date herewith (the “Employment Agreement”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • April 4th, 2017 • Conns Inc • Retail-radio, tv & consumer electronics stores • Delaware

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by and between CONN’S, INC., a Delaware corporation (the “Company”), and (“Recipient”) as of , pursuant to the Company’s 2016 Omnibus Incentive Plan (the “Plan”), which is incorporated by reference herein in its entirety.

TD BANKNORTH INC. AMENDED AND RESTATED PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT – CASH SETTLEMENT AMENDED AND RESTATED 2003 EQUITY INCENTIVE PLAN
Performance-Based Restricted Stock Unit Award Agreement • January 25th, 2007 • Td Banknorth Inc. • State commercial banks • Delaware

THIS Amended and Restated Performance-Based Restricted Stock Unit Award Agreement, dated January 23, 2007 (the “Agreement”), amends the award agreement (the “Initial Agreement”) previously made as of January ___, 2006 (hereinafter referred to as the “Date of Grant”) by and between TD Banknorth Inc. (the “Company”) and (the “Participant”). Defined terms, unless otherwise defined herein, shall have the same meaning as set forth in the Plan (as hereinafter defined).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE SAGE THERAPEUTICS, INC. 2014 STOCK OPTION AND INCENTIVE PLAN
Performance-Based Restricted Stock Unit Award Agreement • August 10th, 2020 • Sage Therapeutics, Inc. • Pharmaceutical preparations

Pursuant to the Sage Therapeutics, Inc. 2014 Stock Option and Incentive Plan as amended through the date hereof (the “Plan”), Sage Therapeutics, Inc. (the “Company”) hereby grants an award of the number of Performance-based Restricted Stock Units (“PSUs”) listed above (an “Award”) to the Grantee named above. Each PSU shall relate to one share of Common Stock, par value $0.0001 per share (the “Stock”) of the Company. Capitalized terms used in this Agreement and not otherwise defined will have the meaning set forth in the Plan.

FIRST DEFIANCE FINANCIAL CORP. PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (LONG-TERM INCENTIVE – TARP APPLICABLE)
Performance-Based Restricted Stock Unit Award Agreement • August 19th, 2011 • First Defiance Financial Corp • Savings institution, federally chartered • Ohio

First Defiance Financial Corp. (the “Company”) hereby grants the undersigned Participant an Award of Performance-Based Restricted Stock Units (the “RSUs”), subject to the terms and conditions described in the First Defiance Financial Corp. 2010 Equity Incentive Plan (the “Plan”) and this Performance-Based Restricted Stock Unit Award Agreement (Long-Term Incentive – TARP Applicable) (this “Award Agreement”). Each whole or fractional RSU entitles the Participant to receive a cash payment equal to the Fair Market Value of a Share on the Payment Date (as defined below).

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PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • May 19th, 2021 • Renewable Energy Group, Inc. • Industrial organic chemicals • Iowa

This Performance-Based Restricted Stock Unit Award Agreement (“Agreement”) memorializes the award effective as of _____ (the “Grant Date”), by and between Renewable Energy Group, Inc., a Delaware corporation (the “Company”), and _________________ (“Employee”), pursuant to the Renewable Energy Group, Inc. 2021 Stock Incentive Plan (the “Plan”). Employee and the Company agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

PERFORMANCE BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance Based Restricted Stock Unit Award Agreement • April 29th, 2014 • Compass Minerals International Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware

This Agreement evidences the grant by Compass Minerals International, Inc., a Delaware corporation (the “Company”) of restricted stock units to the above-referenced “Grantee” as of the “Grant Date” hereof pursuant to the Compass Minerals International, Inc. 2005 Incentive Award Plan, as amended from time to time (the “Plan”). By accepting the Award, Grantee agrees to be bound in accordance with the provisions of the Plan, the terms and conditions of which are hereby incorporated in this Agreement by reference. Capitalized terms not defined herein shall have the same meaning as used in the Plan, as amended from time to time, unless otherwise superseded by any other agreement between the Company and Grantee.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • August 4th, 2017 • Renewable Energy Group, Inc. • Industrial organic chemicals • Iowa

This Performance-Based Restricted Stock Unit Award Agreement (“Agreement”) is entered into effective as of May 11, 2017 (the “Grant Date”), by and between Renewable Energy Group, Inc., a Delaware corporation (the “Company”), and EMPLOYEE NAME (“Employee”), pursuant to the Renewable Energy Group, Inc. Amended and Restated 2009 Stock Incentive Plan (the “Plan”). Employee and the Company agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE XPO LOGISTICS, INC. 2016 OMNIBUS INCENTIVE COMPENSATION PLAN, dated as of ###GRANT_DATE### (the “Grant Date”) between XPO, INC., a Delaware corporation (the “Company”), and...
Performance-Based Restricted Stock Unit Award Agreement • May 4th, 2023 • XPO, Inc. • Transportation services • Delaware

This Performance-Based Restricted Stock Unit Award Agreement (this “Award Agreement”) sets forth the terms and conditions of an award of performance-based restricted stock units with respect to a target number of shares (the “Target Amount”) of the Company’s Common Stock, $0.001 par value (“Share”) equal to ###TOTAL_AWARDS### performance-based restricted stock units stock units (this “Award”), that is subject to the terms and conditions specified herein (each such restricted stock unit, an “RSU”) and that are granted to you under the XPO Logistics, Inc. 2016 Omnibus Incentive Compensation Plan (the “Plan”). This Award provides you with the opportunity to earn, subject to the terms of this Award Agreement, Shares or cash, as set forth in Section 3 of this Award Agreement.

CAMERON INTERNATIONAL CORPORATION Performance-Based Restricted Stock Unit Award Agreement Effective Date: January 1, 2012 Performance Period: 2012, 2013 and 2014
Performance-Based Restricted Stock Unit Award Agreement • February 22nd, 2013 • Cameron International Corp • Oil & gas field machinery & equipment

This PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Award Agreement”) is between the employee listed on the attached Notice of Grant of Award (“Participant”) and Cameron International Corporation (the “Company”), in connection with the Performance-Based Restricted Stock Unit Award granted to Participant by the Company (the “Award”).

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE SAGE THERAPEUTICS, INC. 2014 STOCK OPTION AND INCENTIVE PLAN
Performance-Based Restricted Stock Unit Award Agreement • May 2nd, 2023 • Sage Therapeutics, Inc. • Pharmaceutical preparations

Pursuant to the Sage Therapeutics, Inc. 2014 Stock Option and Incentive Plan as amended through the date hereof (the “Plan”), Sage Therapeutics, Inc. (the “Company”) hereby grants an award of the target number of Performance-based Restricted Stock Units (“PSUs”) listed above (an “Award”) to the Grantee named above. Each PSU shall relate to one share of common stock, par value $0.0001 per share (the “Stock”) of the Company and shall be subject to all of the terms and conditions set forth in this Performance-Based Restricted Stock Unit Award Agreement (the “Agreement”) and the Plan. Capitalized terms used in this Agreement and not otherwise defined will have the meaning set forth in the Plan.

Performance-Based Restricted Stock Unit Award Agreement
Performance-Based Restricted Stock Unit Award Agreement • February 28th, 2013 • Sprint Nextel Corp • Telephone communications (no radiotelephone) • Kansas

Throughout this Award Agreement (“Agreement”) we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.”

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance-Based Restricted Stock Unit Award Agreement • November 9th, 2012 • Orbitz Worldwide, Inc. • Transportation services • Illinois

THIS PEFRORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (“Agreement”) is made as of ________, 20__ (the “Grant Date”) by and between Orbitz Worldwide, Inc., a Delaware corporation (“Orbitz”), and the employee whose name is set forth on the signature page hereto (“Employee”).

INSMED INCORPORATED PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE 2019 INCENTIVE PLAN FOR NON-U.S. GRANTEES
Performance-Based Restricted Stock Unit Award Agreement • August 3rd, 2023 • INSMED Inc • Pharmaceutical preparations

Pursuant to the Insmed Incorporated 2019 Incentive Plan (the “Plan”) as amended through the date hereof and this Performance-Based Restricted Stock Unit Award Agreement (together with Exhibit A attached hereto, this “Agreement”), Insmed Incorporated (the “Company”) hereby grants an award of performance-based restricted stock units (the “PSUs” or the “PSU Award”) to the individual named above (the “Grantee”). The target number of PSUs subject to this PSU Award is /$GrantTxt2$/ (the “Target PSUs”). Each PSU corresponds to the right to receive one share of Common Stock, subject to the restrictions and conditions set forth herein and in the Plan. The actual number of PSUs that will vest and be settled into shares of Common Stock pursuant to this PSU Award shall depend on the achievement of the performance and service conditions described in Exhibit A attached hereto (the “Vesting Schedule”). All terms used herein that are defined in the Plan have the same meaning given them in the Plan.

PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT FMC CORPORATION INCENTIVE COMPENSATION AND STOCK PLAN
Performance-Based Restricted Stock Unit Award Agreement • May 11th, 2015 • FMC Corp • Chemicals & allied products • Delaware

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made by and between FMC Corporation (the “Company”) and Pierre Brondeau (the “Participant”).

SUPPLEMENTAL PERFORMANCE BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance Based Restricted Stock Unit Award Agreement • August 9th, 2017 • DXC Technology Co • Services-computer processing & data preparation • Nevada
PERFORMANCE BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance Based Restricted Stock Unit Award Agreement • January 31st, 2017 • Baker Hughes Inc • Oil & gas field machinery & equipment • Texas

The Compensation Committee (the “Committee”) of the Board of Directors of Baker Hughes Incorporated, a Delaware corporation (the “Company”), pursuant to the Baker Hughes Incorporated 2002 Director & Officer Long-Term Incentive Plan (the “Plan”), hereby awards to you, effective as of [Grant Date] (the “Grant Date”), a certain number of performance based restricted stock units (the “Target Number of Performance Based Restricted Stock Units”), in each case, as set forth in your Plan account maintained by Fidelity Stock Plan Services ( each, a “Performance Based Restricted Stock Unit” and collectively, the “Performance Based Restricted Stock Units”), on the terms and conditions specified below and in the attached Terms and Conditions of Performance Based Restricted Stock Unit Award Agreements (the “Terms and Conditions”).

INSMED INCORPORATED PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE 2019 INCENTIVE PLAN FOR NON-U.S. GRANTEES
Performance-Based Restricted Stock Unit Award Agreement • October 28th, 2021 • INSMED Inc • Pharmaceutical preparations

Pursuant to the Insmed Incorporated 2019 Incentive Plan (the “Plan”) as amended through the date hereof and this Performance-Based Restricted Stock Unit Award Agreement (together with Exhibit A attached hereto, this “Agreement”), Insmed Incorporated (the “Company”) hereby grants an award of performance-based restricted stock units (the “PSUs” or the “PSU Award”) to the individual named above (the “Grantee”). The target number of PSUs subject to this PSU Award is /$AwardsGranted$/ (the “Target PSUs”). Each PSU corresponds to the right to receive one share of Common Stock, subject to the restrictions and conditions set forth herein and in the Plan. The actual number of PSUs that will vest and be settled into shares of Common Stock pursuant to this PSU Award shall depend on the achievement of the performance goals described in Exhibit A attached hereto (the “Vesting Schedule”) during the Performance Period (as defined in the Vesting Schedule). All terms used herein that are defined in the

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