Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 42

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 42
---
 into consideration our growth trajectory. After that review, the compensation committee removed two acquired peers (PFSweb and AdTheorent). The resulting changes positioned us within a smaller range on company revenues for the new peer group going forward. Compensation Elements and 2024 Pay Decisions Our 2024 NEO compensation program was comprised primarily of a base salary, an annual cash incentive opportunity and long-term equity incentives. This program emphasized “at-risk” pay (both cash incentives and equity incentives) while providing competitive packages to retain and motivate our key talent. Base Salary A base salary is a critical part of our NEO compensation program and establishes financial security for each NEO. We provide base salaries that are market-calibrated, equitable and a relatively small portion of our total compensation opportunities. Generally, we establish base salaries after taking into account (i) a NEO’s position, qualifications and experience, (ii) market practice and (iii) the base salaries of our other executives. The compensation committee reviews the base

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TABLE OF CONTENTS Compensation Discussion and Analysis 2025 ANNUAL PROXY STATEMENT

salaries of our NEOs from time to time, as well as at the time of a promotion or other significant change in responsibility, and makes adjustments to base salaries as determined necessary or appropriate. In early February 2024, the compensation committee reviewed the base salaries of our then-serving NEOs, taking into account the considerations described above and market data. As a result, the compensation committee did not increase the base salaries of the then-serving NEOs at that time, determining that the 2023 base salaries continued to be market competitive and appropriately reflected our NEOs’ past and expected future contribution levels. The table below illustrates the 2024 annual base salary rates of our NEOs compared to those in place as of year-end 2023. (See the “2024 Summary Compensation Table” for the actual salary paid to each NEO in 2024.)

| ​ | Executive             | ​ | ​ | 2023Base Salary |   |         |   | ​ | ​ | 2024Base Salary |   |         |   | ​ | ​ | % Change | ​ |
|:--|:----------------------|:--|:--|:----------------|:--|--------:|:--|:--|:--|:----------------|:--|--------:|:--|:--|:--|:---------|:--|
| ​ | Jantoon E. Reigersman | ​ | ​ |