Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 48

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 48
---
• providing competitive market data based in part on the compensation peer group for our NEO positions and evaluating how the compensation we pay our NEOs compares both to our performance and to how the companies in our compensation peer group compensate their executives;

• assessing executive compensation trends within our industry, and updating on corporate governance and regulatory issues and developments;

• providing competitive market data based on the compensation peer group for our Board and evaluating how the compensation we pay the non-employee members of our Board compares to how the companies in our compensation peer group compensate their boards of directors; and

• reviewing market equity compensation practices, including “burn rate” and “overhang.”

In 2024, Compensia did not provide any services to us other than the consulting services provided to the Compensation Committee. The Compensation Committee regularly reviews the objectivity and independence of the advice provided by its compensation consultant on executive compensation. The Compensation Committee has considered the six specific

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independence factors adopted by the SEC and reflected in the listing standards of Nasdaq and determined that the work of Compensia did not raise any conflicts of interest.

#### Competitive Positioning
To compare our executive compensation against the competitive market, the Compensation Committee reviews and considers the compensation levels and practices of a group of comparable technology companies. The companies in this compensation peer group were selected on the basis of their similarity to us in size and industry focus. For 2024 pay decisions, the Compensation Committee used compensation data derived from the compensation peer group as updated in August 2023. The companies in this compensation peer group were selected on the basis of their similarity to us, based on these criteria:

• similar revenue size - ~0.5x to ~2.0x our last four fiscal quarter revenue of approximately $542 million (for

Q1 of 2023) at the time of selection, we were at the 54th percentile of the chosen peers;

• similar market capitalization - ~0.3x to ~3.0x our market capitalization of approximately $3.2 billion (around the time of the peer group review in August 2023) at the time of selection, we were at the 45th percentile of the chosen peers;

• similar revenue growth and market-capitalization to revenue ratio;

• industry - application software, internet services and infrastructure, and systems software;

• executive positions similar in breadth, complexity, and/or scope of responsibility; and

• competitors for executive talent.

After consultation with