Company: AFRM
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001628280-25-046264
Chunk: 28

Company: Affirm Holdings, Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 28
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(1) New Relic was removed from the peer group used to evaluate fiscal 2025 compensation decisions due to a lack of available compensation data following an acquisition.

This compensation peer group was used by the Compensation Committee and independent directors as a reference for understanding the competitive market for executive positions in our industry. The Compensation Committee and independent directors also reviewed survey data from Radford Global Technology Survey for software companies with similar size, scale, complexity, and geographic location as a reference when determining the total compensation packages for our named executive officers, including base salary, annual cash incentive opportunities and long-term incentive compensation opportunities.

The Compensation Committee reviews our compensation peer group at least annually and makes adjustments to its composition if warranted, taking into account changes in both our business and the businesses of the companies in the compensation peer group.

#### Compensation Elements
Generally, our executive compensation program consists of three principal elements – base salary, annual cash incentive

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opportunities, and long-term incentive compensation in the form of equity awards:

| Element                                                       |     | Type of Element |     | Compensation Element                                                                                                                                  |     | Objective                                                                                                                              |
| Base Salary                                                   |     | Fixed           |     | Cash                                                                                                                                                  |     | Attract and retain executives by providing fixed compensation amounts that are competitive in the market and reward performance        |
| Annual Cash Incentive Opportunities                           |     | Variable        |     | Cash                                                                                                                                                  |     | Motivate our executives to achieve annual business objectives and provide financial incentives when we meet or exceed these objectives |
| Long-Term Incentive Compensation in the Form of Equity Awards |     | Variable        |     | Equity awards in the form of options to purchase shares of our Class A common stock and RSU awards that settle for shares of our Class A common stock |     | Align the interests of our executives and our stockholders by motivating them to create sustainable long-term stockholder value        |

#### Base Salary
Base salary represents the fixed portion of the compensation of our named executive officers and is intended to attract and retain highly talented individuals. Generally, we use base salary to provide each named executive officer with a specified level of cash compensation during the fiscal year with the expectation that he or she will perform his or her responsibilities to the best of his or her ability and in our best interests.

The members of the Compensation Committee review the base salaries of our named executive officers each year as part of its annual review of our executive compensation program. With input from our CEO (