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

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K/A
Chunk 25
---
                                            |
| RSUs           |     | 50%             |     | 25% per year over four years, subject to continued employment.                            |     | •  Aligns with stockholder interests                                            
 •  Promotes retention                                                           
 •  Provides value even during periods of stock price or market underperformance |

In late 2022 and early 2023, about a year after the Company’s IPO, the Committee analyzed the equity holdings of our executive officers to ensure that they offered both an appropriate amount of motivation to achieve key strategic goals as well as a sufficient amount of retentive “glue,” or holding power, to keep our leaders employed with the Company. In 2024, the Committee decided to focus on reducing the Company’s stock-based compensation expense as a percentage of revenue, as well as to start to transition to an annual grant cadence. As it has done with other compensation decisions, the Committee reviewed, as a reference point, peer company average share usage and equity grant amounts as a percentage of total market capitalization in order to determine the size of equity grants to the full employee population, including the NEOs. Based on these 2024 priorities, the Committee determined the size of the grants of PSUs and RSUs to make to the NEOs and other executive officers, who received the largest portion of this pool. The number of PSUs and RSUs granted to the NEOs in 2024 represented significant reductions when compared to the numbers granted in 2023.

<div align='center'>16</div>

The following table summarizes the 2024 and 2023 grants to our NEOs:

|                |     | PSUs (#) |     |         |     | RSUs (#) |     |         |
| NEO            |     |     2024 |     |    2023 |     |     2024 |     |    2023 |
| Sandeep Sahai  |     |  200,615 |     | 805,830 |     |  200,616 |     | 805,831 |
| James Cox      |     |   50,000 |     | 308,678 |     |   50,000 |     | 308,679 |
| Scott Erickson |     |   50,000 |     | 250,000 |     |   50,000 |     | 250,000 |
| Souvik Das     |     |   75,000 |