Company: IIIV
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001728688-25-000006
Chunk: 57

Company: i3 Verticals, Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 57
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BITDA from continuing operations

▪ Annualized Recurring Revenue

▪ Stock price performance

▪ Pro forma Adjusted Diluted Earnings from Continuing Operations Per Share

See the Compensation Discussion and Analysis for more information regarding how we utilized these performance measures in connection with determining compensation paid to our named executive officers during the fiscal year ended September 30, 2024 . In addition, Adjusted EBITDA from continuing operations and Pro Forma Adjusted Diluted Earnings from Continuing Operations per Share are non-GAAP financial measures. See Appendix A for additional information regarding Adjusted EBITDA from continuing operations and Pro Forma Adjusted Diluted Earnings from Continuing Operations per Share, including the manner in which such non-GAAP financial measures are calculated and a reconciliation of such non-GAAP financial measures to the most comparable GAAP measures for the fiscal years ended September 30, 2024 , and September 30, 2023.

#### CEO Pay Ratio
CEO-to-median-employee pay ratio is calculated in accordance with Item 402(u) of the SEC’s Regulation S-K. We identified the median employee by examining the annual total compensation for all our employees who were employed by us on September 30, 2024, excluding our Chief Executive Officer. We included all employees, whether employed on a full-time, part-time, seasonal or temporary basis. To determine the median employee, we calculated the total annual compensation payable in respect of the fiscal year ended September 30, 2024, for each of our 1,480 employees employed by us as of September 30, 2024 (following the completion of the sale of our Merchant Services Business on September 20, 2024), as the sum of the following amounts:

▪ Annual base salary (including commissions, if applicable)

▪ Matching contributions made by i3 Verticals to the employee’s HSA and 401(k) Plan

▪ Fiscal year health insurance premiums

▪ Fiscal year cash bonus

▪ Fiscal year share-based awards (including, incentive and/or non-qualified stock options and restricted stock units)

We calculated annual total compensation for the median employee using the same methodology as we used to identify the median employee as set forth above, which was also the same methodology we use for our named executive officers as set forth in the 2024 Summary Compensation Table included in this Proxy Statement. The total annual compensation calculated was $350,250 and $62,000 for our CEO and our median employee, respectively. The resulting