Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 53

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 53
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 compensation and in a change from our 2023 Bonus Plan, our 2024 Bonus Plan does not include a discretionary component based on attainment of objectives and key results.

The 2024 Bonus Plan was to be funded based on the extent of our achievement against the target level of each of the financial metrics as set forth below:

| 2024 Bonus Plan Performance Measure |     | Category            |     | Target Level   |     | Weighting (%) |
| Revenue                             |     | Financial Component |     | $657.3 million |     | 50%           |
| Non-GAAP Operating Margin           |     | Financial Component |     | 18.0%          |     | 50%           |

The revenue measure funded with respect to that performance measure as follows:

| Percentage Achievement of 2024 Revenue target* |     | Payment Percentage of 
 Revenue Measure*      |
| 99%                                            |     | 60%                   |
| 100.0%                                         |     | 100%                  |
| 100.7%                                         |     | 200%                  |

The non-GAAP operating margin measure funded with respect to that performance measure as follows:

| Percentage Achievement of 2024 non-GAAP Operating Margin target* |     | Payment Percentage of              
 non-GAAP Operating Margin Measure* |
| 91.7%                                                            |     | 50%                                |
| 100.0%                                                           |     | 100%                               |
| 111.1%                                                           |     | 200%                               |

_________________

* If Revenue and Non-GAAP Operating Margin achievement during 2024 is between the percentage levels identified above, then the payment percentage with respect to the applicable performance metric is calculated based on a linear interpolation between those levels (rounded to one decimal).

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TABLE OF CONTENTS

For purposes of the 2024 Bonus Plan, the financial performance measures had the following meanings:

| Performance Measure       |     | Meaning                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Revenue                   |     | “Revenue” is defined as the sum of the Company’s subscription, support, and professional services revenue; all determined under U.S. GAAP, excluding revenue from acquisitions completed during the Company’s applicable fiscal year.                                                                                                                                                                                                                                |
| Non-GAAP Operating Margin |     | “Non-GAAP Operating Margin” is defined as the Company’s Non-GAAP income from operations divided by its total Revenue.                                                                                                                                                                                                                                                                                                                                                
 “Non-GAAP income from operations” is defined as the