Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 43

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
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 ​ | ​ | —%       | ​ |
| ​ | Jill S. Angel         | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | —%       | ​ |
| ​ | Jeffrey J. Swart      | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | —%       | ​ |
| ​ | Jay J. Ku             | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | ​                                       | ​ | 50%  | ​ | ​ | ​ | —%       | ​ |

In the first quarter of 2024, the compensation committee selected performance metrics for our executive annual cash incentive tied to financial performance in the first half of 2024. In the third quarter of 2024, the compensation committee selected performance metrics tied to financial performance in the second half of 2024. The compensation committee weighted the financial performance component for the first half of 2024 and the second half of 2024 each at 50%. In connection with selecting the financial performance metrics for the second half of 2024, the compensation committee also capped the total payout for the 2024 incentive program at 80% of target on a full-year basis. The two financial objectives for the organization were based on (i) revenue targets of $89.8 million for the first half of 2024 and $98.1 million for the second half of 2024 and (ii) an annual Adjusted EBITDA (exclusive of executive bonus expense) target of $1.1 million for the first half of 2024 and $1.1 million for the second half of 2024. The payout for achievement with respect to these metrics for each half of 2024 is determined by reference to a matrix (reproduced below) to ensure a reasonable trade-off between growth and profitability, providing the opportunity to earn between 0% and 150% of the target incentive opportunity.

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TABLE OF CONTENTS Compensation Discussion and Analysis 2025 ANNUAL PROXY STATEMENT

| ​ | ​ |                                    |   ​ | ​ | ​ | H1 2024 Revenue** ($ millions) |   |   |   |     |   |   |   |   |