Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 43

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 43
---
 1/6th of the 2024 PSU grant was forfeited—equating to approximately $625,000 of the target value for each of our CEOs and from approximately $258,000 to $583,000 for each of our other NEOs). This underperformance on ARR also resulted in no portion of the 2024 tranche based on ARR being earned for either of our 2022 and 2023 PSUs and the revenue underperformance resulted in below target performance for the revenue portion of those awards. In the aggregate, the benefit of the outperformance on non-GAAP operating margin was more than offset by the loss of value with respect to the portions of our equity compensation based on our top-line ARR and revenue metrics. 
 •We believe that the aggregated outcome of these results shows that our performance-based compensation philosophy aligns the interests of our NEOs to the interest of our stockholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|:--------------------------------------------------------------|:----|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Market-based base salary increases                            |     | •We adjusted the base salaries of each of our existing NEOs in 2024, in each case to better align their base salaries with our competitive market and their expected contributions to our business.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

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TABLE OF CONTENTS

| Continued focus on executiverecruitment and retention |     | •While we seek to develop our executive compensation program so that it closely aligns with our pay-for-performance philosophy and rewards achievement of performance goals, this objective must complement other important objectives, including the hiring and retention of executives.                                                 
 •To improve recruitment and strengthen retention, we continued our practice in 2024 of granting each NEO a portion of their annual equity awards in RSUs that vest solely over a time-based schedule and are not tied to Company performance with the remaining portion of their annual equity awards granted in PSUs as discussed below. |

#### Our Compensation Philosophy
We are committed to developing a compensation program that rewards our executives in direct alignment with the achievement of both near and long-term business and strategic objectives (i.e., pay-for-performance). In furtherance of this objective, our Compensation Committee routinely considers appropriate adjustments to the design of our compensation program to reflect our strategic direction and evolving needs of our business. Additionally, our Compensation Committee seeks to set compensation levels for our executive officers at competitive levels