Company: OFIX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061062
Chunk: 48

Company: Orthofix Medical Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 48
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 |   5.0 | % |           |   5.0 | % |           |   5.0 | % |        |   5.0 | % |        |   5.0 | % |     | Minimum of 1,750 service hours                 |       |     |        |       |     |         |       |     | Met       |       |     |                | 100.0 | % |
| Total                                     |           | 100.0 | % |         | 100.0 | % |        | 100.0 | % |           | 100.0 | % |           | 100.0 | % |        | 100.0 | % |        | 100.0 | % |     |                                                |       |     |        |       |     |         |       |     |           |       |     |                |       |   |

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(1) Committee approval of financial performance targets provided that actual results would be adjusted to eliminate the effect of subsequent currency fluctuations. The amounts shown in the table represent actual reported amounts as adjusted to reflect such pre-approved constant currency adjustments. (2) Adjusted EBITDA amounts shown are prior to the inclusion of expense associated with the annual incentive plan. (3) The weighted percent achievement based on these metrics resulted in a payout of 102.1% for each of Mr. Calafiore, Ms. Andrews, Mr. Cedrón, Mr. Gillespie, and Mr. Vitale. As the net sales component for Mr. Reinhardt’s bonus was weighted at 15% on Company-wide Net Sales and at 15% on Global Spine Net Sales, this resulted in a weighted percent achievement of 89.7% for Mr. Reinhardt. In all cases, no post-performance adjustments were made to the weighted percent achievement as computed by the applicable formula. In conjunction with her change in control and severance agreement, Ms. Elting received a pro-rated cash bonus for the 2024 calendar year equal to her respective target bonus amount for the portion of the 2024 calendar year she was employed by Orthofix (see section titled “Separation and Release Agreement with Kimberley A. Elting”). Ms. Burzik was not eligible for a payout under the annual incentive program and thus is excluded from the tables above and below. Aggregate Payouts The resulting payouts under the annual incentive program are described in the table