In late 2020, the board of directors of Arches Corp. approved a restricted stock unit plan to be awarded to select employees, including the following general terms.

- Each restricted stock unit is equivalent to one share of \(\$ 5\) par value, common stock of Arches Corp.

- The restricted stock units vest two years after the date of grant.

- Shares are distributed after the vesting period if the employee is still employed by the company.