Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 79

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 79
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(1) A qualifying termination of employment is considered “in connection with a change of control” if such termination occurs within the period commencing three (3) months before and ending twelve (12) months after a “change of control”.

(2) These estimates of cash severance payable to Ms. Tucker and Mr. Ryan include: for a qualifying termination not in connection with a change of control, lump sum payments of twelve (12) months of base salary and COBRA premium costs; and for a qualifying termination in connection with a change of control, lump sum payment of eighteen (18) months of base salary and COBRA premium costs and prorated portion of the executive’s target annual bonus for the year of termination.

(3) These estimates of continued coverage reflect the present value of monthly COBRA premium payments for the applicable severance period.

(4) For purposes of valuing accelerated vesting, the values indicated in the table are calculated, with respect to stock options, as the aggregate excess of $60.76, the closing price of a share of our common stock on December 31, 2024 (the last trading day of 2024), if any, over the exercise price of the applicable option, multiplied by the number of unvested shares accelerated, with respect to RSUs, $60.76 multiplied by the number of unvested RSUs accelerated, and, with respect to PSUs, $60.76 multiplied by the number of PSUs for which performance conditions would be satisfied, or for which time-based vesting requirements would be accelerated.

(5) These estimates of accelerated equity vesting for Ms. Tucker and Mr. Ryan include: for a qualifying termination in connection with a change of control, acceleration of one hundred percent (100%) of the executive’s then-outstanding equity awards, taking into account performance through the truncated period ending prior to the change of control for 2024 PSUs subject to an rTSR performance measure.

(6) These estimates of cash severance payable to Mr. Partin, Mr. Duan, Ms. Morgan-Prager and Mr. Ung include: for a qualifying termination not in connection with a change of control, a lump sum payment of six (6) months of base salary; and for a qualifying termination in connection with a change of control, a lump sum payment of twelve (12) months of base salary.

(7) These estimates of