Company: PACB
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001299130-25-000090
Chunk: 76

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 76
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| Christian O. Henry |     |                        700,150 |     |                        730,000 |     | 4.3%       |
| Susan G. Kim(1)    |     |                        460,000 |     |                        485,000 |     | 5.4%       |
| Mark Van Oene      |     |                        586,845 |     |                        605,000 |     | 3.1%       |
| Jeff Eidel(2)      |     |                        460,000 |     |                        485,000 |     | 5.4%       |

(1) Ms. Kim served as our Chief Financial Officer until December 6, 2024 and was paid her base salary rate through such date.

(2) Mr. Eidel served as our Chief Commercial Officer until November 15, 2024 and was paid his base salary rate through such date.

Short-term Cash Incentives

Variable cash incentives, typically structured as a percentage of base salary, are intended to correlate executive compensation with important corporate objectives that the Board of Directors and our Compensation Committee believe appropriately position the Company for value creation and thereby increase alignment of executives’ interests with those of our stockholders.

The target incentive opportunities for our NEOs for 2024 remained flat year-over-year and were as follows:

| Name               |     | Target Incentive             
 Opportunity for 2024 as      
 Percentage of Base Salary(1) |     |      |     |         Target Incentive 
 Opportunity for 2024 ($) |
| Christian O. Henry |     |                              |     | 100% |     |                  730,000 |
| Susan G. Kim(2)    |     |                              |     | 50%  |     |                  242,500 |
| Mark Van Oene      |     |                              |     | 60%  |     |                  363,000 |
| Jeff Eidel(3)      |     |                              |     | 50%  |     |                  242,500 |

(1) The target incentive opportunity percentage for each NEO remained unchanged from fiscal year 2023.

(2) Ms. Kim served as our Chief Financial Officer until December 6, 2024 and forfeited her target incentive opportunity for 2024.

(3) Mr. Eidel