Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 29

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 29
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    | Actual revenue change (2) 106.8%       |   |                       |   |                   |   |   |   | ​                         |
| ​                                                      | ​      | ​                                      | ▼ | ​                     | ​ | ​                 |   | ​ |   | ​                         |
| ​                                                      | ​      | ​                                      | ​ | ​                     | ​ | ​                 |   | ​ |   | 52.8%                     |
| ​                                                      | ​      | 103.0%                                 |   | 113.0%                |   | 123.0%            |   |   |   | ​                         |
| 2024 Adjusted EBITDA Margin                            | 35%    | Actual Adjusted EBITDA Margin(3) 12.7% |   |                       |   |                   |   |   |   | ​                         |
| ​                                                      | ​      | ​                                      | ​ | ​                     | ​ | ​                 | ​ |   | ▼ | ​                         |
| ​                                                      | ​      | ​                                      | ​ | ​                     | ​ | ​                 |   | ​ |   | 175%                      |
| ​                                                      | ​      | 11.0%                                  |   | 11.7%                 |   | 12.4%             |   |   |   | ​                         |
| ​                                                      | ​      | ​                                      |   | Total weighted payout |   |                   |   |   |   | 95.6%                     |

| (1) | The 2024 PSUs provided that if the revenue change or Adjusted EBITDA Margin achieved by the Company during 2024 was between performance levels specified in the table, the corresponding payout factor would be determined by linear interpolation. Further, if actual results are below the threshold performance level specified in the table, the corresponding payout factor will be zero. |

| (2) | Revenue for 2024 was $293.0 million. |

| (3) | Adjusted EBITDA margin for 2024 was 12.7%. Adjusted EBITDA Margin is a non-GAAP financial measure. Refer to Appendix A to this Proxy Statement for a reconciliation of this non-GAAP financial measure to the corresponding GAAP measure. |

| ​                    |  ​ |
| 2025 Proxy Statement | 41 |

Executive Compensation

The Compensation and Organization Committee approved the following number of PSUs earned for each