Company: PCRX
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041219
Chunk: 45

Company: Pacira BioSciences, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 45
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 control benefits.                                                                       | ​ |

Pacira BioSciences, Inc. 2025 Proxy Statement | 57

TABLE OF CONTENTS Executive Compensation

2024 Say-on-Pay Vote At our annual meeting of stockholders in June 2024, we held an advisory stockholder vote to approve the compensation of our named executive officers, which we refer to as say-on-pay. The compensation of our named executive officers reported in our 2023 proxy statement was approved by over 90% of the votes cast at the 2024 annual meeting of stockholders. The People & Compensation Committee believes this affirms our stockholders’ support of our approach to executive compensation, and, as a result, the People & Compensation Committee did not make any significant changes to our executive compensation program for 2024. The People & Compensation Committee will continue to consider the outcome of our say-on-pay votes and feedback from stockholders when making future compensation decisions for our named executive officers.

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II. EXECUTIVE COMPENSATION PHILOSOPHY AND
OBJECTIVES Our compensation philosophy is performance-based and focuses on aligning the financial interests of our named executive officers with those of our stockholders. Our primary objective with respect to executive

58 | investor.pacira.com

TABLE OF CONTENTS Executive Compensation

compensation is to attract, retain, and motivate superior executive talent with the skills and experience to successfully execute our business strategy. Our executive compensation program is designed to:

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 Provide competitive incentives that reward the achievement of performance goals that are designed to directly correlate to the enhancement of stockholder value 
 ​                                                                                                                                                               | ​ | ​ | 2.                                                                                                                                                                                                                                            
 Align the interests of our executives with those of our stockholders through the use of equity grants by rewarding performance that meets or exceeds established goals, with the ultimate objective of increasing long-term stockholder value 
 ​                                                                                                                                                                                                                                             | ​ | ​ | 3.                                                            
 Provide long-term incentives that promote executive retention 
 ​                                                             | ​ | ​ | 4.                                                                                                                                                     
 Provides our executives with incentives to achieve our long-term strategic goals and objectives approved by our board and to reward them for doing so. 
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To achieve these objectives, our executive compensation program ties a significant portion of each named executive officer’s overall compensation to