Company: ICUI
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000883984-25-000010
Chunk: 44

Company: ICU MEDICAL INC/DE
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 44
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 December 31, 2024, each of Messrs. Greenberg, Hoffmeister, and Abbey and Mses. Finney, Hernandez and Kennedy had 1,723 RSUs outstanding and each held options to purchase shares of our common Stock as follows: Mr. Greenberg 12,550; Mr. Hoffmeister 6,419; Mr. Abbey 6,419; Ms. Finney 9,469; Ms. Hernandez 2,325 and Ms. Kennedy 1,650.

(3) In accordance with Dr. Lopez's September 2015 employment buyout agreement, Dr. Lopez waived any annual retainer, meeting fees and equity payments made to non-employee members of the Board for their service. Dr. Lopez was not nominated for reelection as a Board member at the 2024 Annual Meeting of Stockholders held in May 2024 and ceased service on such date.

(4) Pursuant to a Shareholder's Agreement between the Company and Smiths Group International Holdings Limited (“Smiths Group") a wholly owned subsidiary of Smiths Group plc., Smiths Group had the right to designate one individual for election to the Board so long as Smiths Group beneficially owned at least 5% of the total outstanding shares of Company Common Stock. The Smiths Group designated director nominee would not receive compensation for his or her service on the Board. Mr. Seeger was the Smiths Group designated director nominee. On February 28, 2024, Mr. Seeger resigned as a member of our Board of Directors. During 2024, Smiths Group sold their outstanding shares of our Common Stock which reduced Smiths ownership percentage to zero and, as such, Smiths Group's beneficial ownership was under the required 5.0% needed for the right to designate a member of our Board of Directors.

#### Stock Ownership Guidelines
In 2011, we established stock ownership guidelines for the members of our Board. Our non-employee directors have within five years of joining the Board to acquire and retain shares of our Common Stock that equal or exceed three times their annual base retainer pursuant to the terms of such guidelines. Shares beneficially owned by our non-employee directors, directly or indirectly, such as shares held by an immediate family member living in the same household or shares in a trust, and vested restricted shares and shares represented by vested RSUs, count toward meeting the stock ownership guidelines.

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#### CEO Pay Ratio
As required by Section