Company: ICUI
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000883984-25-000010
Chunk: 70

Company: ICU MEDICAL INC/DE
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 70
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 available for future issuance pursuant to outstanding and future equity awards under the Plan as of March 8, 2025.

| Number of shares that were authorized for future grants                                                                               |     |   | 471,252 |      |
| Number of full-value awards outstanding (time- or performance-based restricted stock units, at “target” for performance-based awards) |     |   | 714,327 |      |
| Number of options outstanding                                                                                                         |     |   | 106,640 |      |
| Weighted average remaining term of outstanding options                                                                                |     |   |         | 2.06 |
| Weighted average exercise price of outstanding options                                                                                |     | $ |  136.79 |      |

Background of Determination of Shares Under the Amendment

In deciding to approve the Amendment, the Board was primarily motivated by a desire to ensure the Company has an available pool of shares from which to grant long‑term equity‑based incentive awards, which the Board believes is a primary incentive and retention mechanism for our employees, consultants and directors. The Board considered key factors in making

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its determination, including our historical grant rates, the shares remaining available for issuance under the Plan, and the potential dilution associated with the Plan.

This review included a consideration of the following key metrics, factors and philosophies:

• In fiscal year 2024, we granted equity awards covering 374,117 shares of our common stock. On average, over the fiscal 2022 – 2024 period, we granted 264,438 shares annually. The amounts include performance‑based restricted stock unit (“PSU”) awards based on the achievement of “target” performance goals.

• Our three‑year average burn rate was approximately 1.02%.

|                                             |     | 2022 |            |     | 2023 |            |     | 2024 |            |     | Three-Year Average |            |
| Options Granted                             |     |      |      7,620 |     |      |          — |     |      |          — |     |                    |      2,540 |
| Restricted Stock Units Granted              |     |      |    116,870 |     |      |    156,111 |     |      |    223,899 |     |                    |    165,627 |
| PSUs Vested                                 |     |      |     46,317 |     |      |     49,314