Company: ICUI
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000883984-25-000010
Chunk: 28

Company: ICU MEDICAL INC/DE
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 28
---
BITDA performance. The units subject to the PRSU awards that are earned will vest in full on March 8, 2026 (and be subject to conversion into shares of

<div align='center'>20</div>

our Common Stock), subject to the named executive officer’s continued service through such vesting date. Any unearned PRSUs as of March 8, 2026 will be forfeited automatically on such date.

The time-based RSUs awards granted to Mr. Woolson and Ms. Sanzone vest in equal annual increments over a three-year period from the date of grant, subject to each named executive officer's continued service through each vesting date.

We do not pay or accrue dividend equivalents on any PRSU award or RSU awards.

Performance of Equity Awards Granted

In 2021, the Compensation Committee granted Mr. Woolson and Ms. Sanzone PRSU awards that were to be earned and vest as to one-third of the total number of units underlying the award on the first, second and third anniversaries of the applicable grant date, subject to the CEO and Compensation Committee's determination that preestablished individual performance goals were met with respect to the applicable year and their continued service through such annual vesting date. On February 20, 2025, the CEO and Compensation Committee determined that the 2024 individual performance goals had been met for both of the named executive officers, and therefore one-third of the total number of units granted under the 2021 PRSU awards were earned and vested on the anniversary dates of the awards, as shown in the below table for each NEO:

| NEO              |     | Target PRSUs (#) |       |     | PRSU Award Achievement (%) |     |   | Earned PRSUs (#) |       |
| Daniel Woolson   |     |                  | 2,020 |     |                            | 100 | % |                  | 2,020 |
| Virginia Sanzone |     |                  | 2,273 |     |                            | 100 | % |                  | 2,273 |

In 2023, Mr. Woolson was granted a PRSU award that may be earned and vest as to one-third, if at all, of the total number of units underlying the award on the first, second and third anniversaries of the applicable grant date, subject to the CEO and Compensation Committee's determination that preestablished individual performance goals have been met with respect to the applicable year and his continued service through