Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 57

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 57
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 new hire award in connection with Mr. Ung’s employment as CTO, beginning on April 15, 2024. The number of shares was determined by dividing the applicable percentage of the targeted grant value by the 30-trading day average price ended on April 30, 2024 and rounding up to the nearest 10 shares.

With exception to Mr. Duan and Mr. Ung, each of the RSU awards listed in the table above vests as to 25% of the shares underlying the award on February 20, 2025 and as to 1/16th of the shares underlying the award each quarter thereafter, subject to the NEO’s continued service with us through the applicable date. Each of Mr. Duan’s and Mr. Ung’s RSU awards listed in the table above vests as to 25% of the shares underlying the award on May 20, 2025 and as to 1/16th of the shares underlying the award each quarter thereafter, subject to the NEO’s continued service with us through the applicable date.

Each of the financial metric PSU awards listed in the table above vests as to one-third of the shares underlying the award on each of February 20, 2025, 2026, and 2027 (May 20, 2025, February 20, 2026, and February 20, 2027 for Mr. Duan and Mr. Ung), in each case subject to the NEO’s continued service with us through the applicable date, and our satisfaction of financial metric goals for the calendar year preceding the vesting date. These financial metric goals will be determined on an annual basis. The performance goals for vesting of the portions of these financial metric PSU awards eligible to vest in 2025 were determined at the time of grant, relate to our performance in fiscal 2024, and are detailed in the section “2024 PSU Performance Matrix” below.

Each of the rTSR PSU awards listed in the table above vests as to 100% of the shares underlying the award on February 20, 2027, in each case subject to the NEO’s continued service with us through the applicable date, and our satisfaction of the rTSR goals for the three-year period spanning our fiscal 2024 through fiscal 2026.

All of these awards are subject to additional vesting acceleration as described in the “Potential Payments Upon Termination or Change of Control” section below.

2024 PSU Performance Matrix

In February 2024,