Company: PCRX
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041219
Chunk: 94

Company: Pacira BioSciences, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 94
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 above considerations, and the fact that (i) we have approximately 0.1 million fewer shares available for grant under the 2011 Plan, and (ii) our workforce is approximately 17% larger today than it was at the time of our last share increase in 2023, our People & Compensation Committee believes this proposed share increase is reasonable and appropriate. Additionally, rising interest rates and inflation have resulted in downward pressure on equity markets that have impacted the stock prices of us, our peers, and equity markets as a whole. At this time, we expect that the new 2,500,000 shares, in conjunction with the shares currently available for grant, will be

100 | investor.pacira.com

TABLE OF CONTENTS Executive Compensation sufficient to cover awards to be granted over the next year. As such, the People & Compensation Committee believes it to be prudent at this point in time to request one year’s worth of shares needed before pursuing another request in 2026, rather than a larger amount to last multiple years. Adoption of the A&R 2011 Plan Accordingly, on March 12, 2025, our board, upon recommendation by the People & Compensation Committee, adopted, subject to stockholder approval, the A&R 2011 Plan to increase the number of shares of common stock authorized for grant under the 2011 Plan by 2,500,000 shares and to correspondingly increase the number of shares in the allowable “carve-out” pool for awards that are not subject to the one-year minimum vesting requirement, from 987,726 shares to 1,112,727 shares. If the A&R 2011 plan is approved, the number of shares of our common stock authorized for grant under the A&R 2011 Plan will be equal to up to 22,254,537, which is the sum of (i) 19,754,537 shares of common stock (consisting of the prior authorization) plus 2,500,000 new shares. Description of the A&R 2011 Plan The following is a brief description of the A&R 2011 Plan. A copy of our proposed A&R 2011 Plan is attached as Appendix B to this proxy statement and is incorporated herein by reference. The following description of the A&R 2011 Plan is a summary of certain important provisions and does not purport to be a complete description of the A&R 2011 Plan. Please see Appendix B for more detailed information. NUMBER OF SHARES AVAILABLE FOR