Box (BOX) Proxy filing summary

Executive summary

• Supplement corrects a mathematical error in the potential payments table for executive termination or change in control and clarifies the treatment of performance-based stock units for Aaron Levie.

Executive compensation and say-on-pay

• Aaron Levie's corrected total for termination without cause or for good reason within a change in control period is $430,051.

• Stock awards for Levie do not include PSUs as none of the price thresholds were met by fiscal year-end.

• Olivia Nottebohm's total potential payment in a change in control scenario is $11,784,146, including $11,226,146 in stock awards.

• Dylan Smith's total potential payment in a change in control scenario is $7,765,422, including $7,136,532 in stock awards.

• Health coverage continuation (COBRA) benefits vary by executive and termination scenario, with Levie eligible for up to 18 months.