Company: FLYW
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001193125-25-089231
Chunk: 44

Company: Flywire Corp
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 44
---
 Corporate Objectives Our People & Compensation Committee established (i) Revenue Less Ancillary Services and (ii) Adjusted EBITDA as the corporate components of our 2024 cash incentive bonus program, with each of the components weighted as set forth below. We utilize these non-GAAPfinancial measures internally in analyzing our financial results and evaluating our ongoing operational Flywire Corporation 31 2025 Proxy Statement

performance. These metrics were also selected because they are two of the key performance metrics stockholders use in evaluating Flywire. Revenue Less Ancillary Services represents our consolidated revenue in accordance with GAAP, less (x) pass-through cost for printing and mailing services and (y) marketing fees. Adjusted EBITDA represents EBITDA further adjusted by excluding (i) stock-based compensation expense and related payroll taxes, (ii) the impact from the change in fair value measurement for contingent consideration associated with acquisitions, (iii) gain (loss) from the remeasurement of foreign currency, (iv) indirect taxes related to intercompany activity, (v) acquisition related transaction costs, and (vi) employee retention costs, such as incentive compensation, associated with acquisition activities. Our People & Compensation Committee has discretion to modify performance results that reflect significant transactions (such as acquisitions, divestitures, or newly-formed joint ventures) or other unusual items (such as changes in accounting rules or other regulations) if such events were not anticipated at the time performance targets were initially established. Each of the components was assigned a threshold level, which is the minimum achievement level that must be satisfied to receive a portion of the applicable bonus amounts, and a maximum level, which, if achieved or exceeded, would result in our NEOs receiving up to 150% of the target amount attributed to that component. The percentage payout for each of the financial components was determined using linear interpolation between the points shown in the table below. The corporate components of the 2024 cash incentive bonus program are set forth below:

| CORPORATE COMPONENT             |     | WEIGHTING |     |   | THRESHOLD 50% PAYOUT |     |   | TARGET     100% PAYOUT |     |   | MAXIMUM    150% PAYOUT |
|:--------------------------------|:----|:----------|:----|:--|---------------------:|:----|:--|-----------------------:|:----|:--|-----------------------:|
| Revenue Less Ancillary Services |     | 50%       |