Company: FLYW
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001193125-25-089231
Chunk: 42

Company: Flywire Corp
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 42
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DA as metrics that our People & Compensation Committee believes are important for both short-term success as well as for creating long-term sustainable stockholder value. As a result, our NEOs are focused on Revenue Less Ancillary Services and adjusted EBITDA, which we believe is aligned with our stockholders’ perspective on our Company’s ability to grow and succeed in the short- and long-term. For more discussion on our Revenue Less Ancillary Services and adjusted EBITDA metrics, see “2024 Corporate Objectives” below. BASE SALARY Base salaries for our NEOs are initially determined as a result of negotiation between the executive and our management in consultation with, and subject to the approval of, our People & Compensation Committee. Our People & Compensation Committee reviews base salaries annually, typically in the first quarter, and has discretion to provide increases based on our People & Compensation Committee’s understanding of current competitive pay practices, promotions, our Chief Executive Officer’s recommendation (except for his own salary), changes in responsibilities and performance, annual budget for increases, our overall financial and operational results, the general economy, length of tenure, internal pay fairness and other factors our People & Compensation Committee deems appropriate. Base salaries may also be adjusted during the year upon promotion, changes in functional responsibility or based on internal equity or external market conditions. Our People & Compensation Flywire Corporation 30 2025 Proxy Statement

Committee makes these decisions after reviewing the recommendation of our Chief Executive Officer (except as it concerns his own salary) and consulting with its compensation consultant. Following its review, in February 2024, our People & Compensation Committee determined not to adjust the annual base salaries of our then serving NEOs, other than Messrs. Butterfield and King. Messrs. Butterfield and King’s 2024 base salaries were each increased by 3.33% to better align their base pay with external benchmarking. Pursuant to his employment agreement, which was negotiated in connection with the commencement of his employment with us, Mr. Pitigoi’s 2024 base salary was $410,000. The following table shows the annual base salary for each NEO for Fiscal 2024.

| NAME              |     | FISCAL 2024 BASE SALARY ($) |
| Michael Massaro   |     |                     450,000 |
| Robert Orgel      |     |                     350,000 |
| Cosmin Pitigoi    |     |                     410,000 |
| Peter Butterfield |     |                     310,000 |
|