Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 51

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 51
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 W. Weatherby |     |       455,000 |     |       462,025 |     | 1.5%    |

| (1) | Amounts reflect the base salaries that were approved by the Organization and Compensation Committee prior to start of each applicable year. In connection with his expanded role as Chief Strategy and Growth Officer, the Organization and Compensation Committee approved a new base salary of $500,000 for Mr. Weatherby, which new salary reflects the scope and breadth of his new role and was effective December 1, 2024. |

Annual Incentive Cash Compensation All of our employees, including our NEOs, are eligible to receive performance-based cash incentive compensation. We believe that performance-based cash incentives motivate our employees, including our NEOs, to achieve both short and long-term goals. This approach is critical to the execution of our overall business strategy which, if achieved, has the potential to significantly enhance stockholder value. In fiscal 2024, the performance-based cash incentive opportunity available to each of our NEOs was provided pursuant to the terms of our MIP. Management Incentive Program Target Opportunities. Consistent with our compensation philosophy and objectives, the Organization and Compensation Committee generally sets the target incentive opportunity under the MIP between the 50th and 75th percentile of annual cash incentive target pay for comparable executives in our peer group. For fiscal 2024, based on a review of the market data and the individual role and duties for each executive, the Organization and Compensation Committee increased the target incentive opportunity for (a) Mr. Herbert from 110% to 115% and (b) for each of our other NEOs, from 55% to 60% (other than for Mr. Ban, who did not previously participate in our MIP). The following table summarizes the fiscal 2024 target incentive opportunity for each of our NEOs under the MIP:

| Name                    |     | Target Incentive        
 Opportunity             
 (as a % of Base Salary) |
| Timothy P. Herbert      |     | 115%                    |
| Randall A. Ban          |     | 60%                     |
| Richard J. Buchholz     |     | 60%                     |
| Bryan K. Phillips       |     | 60%                     |
| Carlton W. Weatherby(1) |     | 70%                     |

| (1) | In connection with assuming an expanded role as Chief Strategy and Growth Officer in December 2024, the