Company: TENB
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001660280-25-000058
Chunk: 50

Company: Tenable Holdings, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 50
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 and cash equivalents and short-term investments were $577.2 million at December 31, 2024, compared to $474.0 million at December 31, 2023.

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• Net cash provided by operating activities was $217.5 million, compared to $149.9 million in 2023.

• Unlevered free cash flow was $237.8 million, compared to $175.4 million in 2023.

• Repurchased 2.3 million shares of our common stock for $100 million.

Refer to the Appendix for reconciliations of non-GAAP measures to comparable GAAP measures.

#### Executive Compensation Highlights
We seek to ensure that executive pay is tied to performance and long-term stockholder value creation. Based on our success in executing our strategic plan in a challenging environment, including progress by the executive leadership team on our engagement, inclusion and development initiatives, the Compensation Committee took the following key actions with respect to the compensation of our Named Executive Officers in 2024 and in early 2025:

• Base Salary Increases - We approved base salary increases in 2024 for our Named Executive Officers in light of their and the Company’s strong performance and to maintain market competitiveness relative to our peers. Raises ranged from 3.5% to 10%.

• Cash Bonuses - Our cash bonus structure mirrored that of prior years and incorporated revenue, unlevered free cash flow and bookings goals. Our target cash bonuses are expressed as a percentage of base salary paid out based on quarterly and annual attainment, and remained comparable with 2023. Given our performance in these areas, cash bonuses were paid out in accordance with their plan formula below target at 98.4%.

• Long-Term Incentive Compensation - We continue to provide a large percentage of our Named Executive Officers’ target compensation opportunity through our long-term incentive compensation program. In 2024, our long-term incentive plan continued to include the grant of restricted stock units (“RSUs”) subject to service-based vesting and performance restricted stock units ("PSUs") subject to achievement of certain financial performance goals and followed by additional service-based vesting. PSUs made up 35% of the total grant date fair value of the 2024 long-term incentive grants for our Named Executive Officers, representing an increase from 25% in 2023. In future years and over time, the Compensation Committee intends to continue to gradually shift the mix of equity awards granted to Named Executive Officers to include a higher