Company: CWAN
Filing Date: 2025-03-07
Form Type: 10-K/A
Source: 0001628280-25-011307
Chunk: 18

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K/A
Chunk 18
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 of our executive compensation program, the Committee takes into consideration the structure and components of, and the amounts paid under, the executive compensation programs of other comparable peer companies, as derived from public filings and other sources.

On December 8, 2023, the Committee, with the assistance of Aon, reviewed and revised the compensation peer group to be used in connection with 2024 executive compensation decisions to more closely align the peer group to the Company’s market profile and to remove companies that have been acquired. The primary criteria used to determine the peer group included US-based companies with the following characteristics:

Sector: Fintech and related application software companies

Market Cap: $1.6 billion to $14.1 billion with multiples of 0.3x to 3.0x projected FY2023 revenue

Revenue: $100 million to $1.1 billion, or 0.3x to 3.0x projected FY2023 revenue

Headcount: 600 to 5,200 employees, or a multiple range of 0.3x to 3.0x Clearwater’s then current headcount

Based on these criteria and considerations, the Committee approved a peer group for decisions relating to 2024 executive compensation that consisted of the following 20 companies:

| Alkami Technology, Inc. (ALKT)                 |     | Confluent, Inc. (CFLT)           |     | Paylocity Holding Corporation (PCTY) |
| AppFolio, Inc. (APPF)                          |     | DoubleVerify Holdings, Inc. (DV) |     | Q2 Holdings, Inc. (QTWO)             |
| Asana, Inc. (ASAN)                             |     | Everbridge, Inc. (EVBG)          |     | Smartsheet, Inc. (SMAR)              |
| BlackLine, Inc. (BL)                           |     | JFrog Ltd. (FROG)                |     | Sprout Social, Inc. (SPT)            |
| Braze, Inc. (BRZE)                             |     | Guidewire Software, Inc. (GWRE)  |     | Varonis Systems, Inc. (VRNS)         |
| C3.ai, Inc. (AI)                               |     | nCino, Inc. (NCNO)               |     | Vertex, Inc. (VERX)                  |
| CCC Intelligent Solutions Holdings Inc. (CCCS) |