Company: IIIV
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001728688-25-000006
Chunk: 16

Company: i3 Verticals, Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 16
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 Compensation. Each non-employee director was entitled to an annual equity grant of options to purchase Class A common stock equal in value to $115,000 as determined using the Black Scholes valuation methodology as of the date of the grant. Subject to the Company’s 2018 Equity Incentive Plan (the “2018 Plan”), option vesting is service-based and such options fully vest one year following the grant date. A prorated stock option grant is made to any new non-employee director in accordance with his or her service period prior to the next upcoming annual grant. No changes were made to the equity compensation payable to our non-employee directors for the fiscal year ended September 30, 2024, in comparison to the fiscal year ended September 30, 2023.

Cash Compensation and Expenses. Each non-employee director received a $40,000 annual cash payment for participation on the Board. The Lead Independent Director of the Board (Mr. Wilds) received an additional annual cash payment of $15,000, while the chairpersons of the Audit Committee (Mr. Morgan), Compensation Committee (Mr. McKenna), and Nominating and Corporate Governance Committee (Ms. Courtney) received additional annual cash payments of $15,000, $12,500, and $10,000, respectively, for such roles. All annual cash payments were paid in quarterly installments. A prorated annual cash payment is made to any new non-employee director in accordance with his or her service period prior to the next upcoming annual cash payment. No changes were made to the cash compensation payable to our non-employee directors for the fiscal year ended September 30, 2024, in comparison to the fiscal year ended September 30, 2023.

All directors are reimbursed for their out-of-pocket expenses arising from attendance at meetings of the Board and its committees.

Management directors do not receive any compensation for their service on the Board.

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#### Non-Employee Director Compensation
The following table summarizes the aggregate fees earned or paid and the value of equity-based awards earned by our non-employee directors during the Company’s fiscal year ended September 30, 2024:

| Name(1)                         |     | Fees Earned 
 or Paid     
 in Cash     
 ($)         |        |     | Option     
 Awards     
 ($)(2) (3) |         |     | Total        
 Compensation 
 ($)          |         |
| Elizabeth Seigenthaler Courtney |     |