Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 53

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 53
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0 million in stock-based compensation expense. |

| (4) | Reflects commercial patients in the U.S. either with insurance approval letters or implanted during fiscal 2024. |

| (5) | Reflects the achievement of regulatory and product development metrics, including obtaining FDA approval of Inspire V. |

| (6) | Days inventory on-hand for all implantable components of the Inspire therapy system. |

| Inspire Medical Systems, Inc. |     | 43 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

Payout Determination. At its February 2025 meeting, the Organization and Compensation Committee reviewed and confirmed the Company’s performance for each of the performance metrics. The Organization and Compensation Committee then determined the achievement percentage associated with each metric. Following this approach, as shown in the table above, the achievement percentage for the MIP was 98.4%. The total cash incentive payouts for each executive were determined by summing the products obtained by multiplying the executive’s base salary by the executive’s target incentive opportunity and the overall achievement percentage under the MIP. The following table summarizes the total cash incentives earned by our NEOs:

| Name                 |     | Eligible 
 Earnings 
      ($) |     | Target      
 Opportunity 
 (%)         |     |      Target 
 Opportunity 
         ($) |     | MIP         
 Achievement 
 (%)         |     | Actual MIP 
     Payout 
     ($)(1) |
| Timothy P. Herbert   |     |  725,190 |     | 115%        |     |     833,969 |     | 98.4%       |     |    820,625 |
| Randall A. Ban       |     |  474,197 |     | 60%         |     |     284,518 |     | 98.4%       |     |    279,966 |
| Richard J. Buchholz  |     |  457,844 |     | 60%         |     |     274,706 |     | 98.4%       |     |    270,311 |
| Bryan K. Phillips    |     |  431,983 |     | 60%         |     |     259,190 |     | 98.4%       |     |    255,043 |
| Carlton W. Weatherby |     |  500,000 |     |