Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 58

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 58
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* If Revenue, ARR, or non-GAAP operating margin, during 2024 is between the percentage levels identified above, then the payment percentage with respect to the applicable performance metric is calculated based on a linear interpolation between those levels (rounded to the nearest hundred thousand dollars for Revenue and ARR and to the nearest 10 basis points for non-GAAP operating margin).

2024 Annual Long-Term Equity Awards

In February 2024, the Compensation Committee, with input from management, approved ARR and rTSR as the performance measures for the 2024 PSUs. The ARR goals are to be established each year with vesting to occur on the February 20 th following the fiscal year for which they were measured and the rTSR goal will be measured for the period from fiscal 2024 through fiscal 2026 and vest on February 20, 2027. The Compensation Committee selected these performance measures because it believed that they were appropriate drivers for our business as they provided a balance between growing our business and enhancing stockholder value. In May 2024, the Compensation Committee approved 2024 PSUs subject to the same performance conditions for Mr. Duan and Mr. Ung.

The portion of the 2024 PSUs eligible to vest on February 20, 2025 (or May 20, 2025 for Mr. Duan and Mr. Ung) was determined to be available for vesting based on the extent of our achievement against the target level of the ARR metric for fiscal 2024 as set forth below and the target for the rTSR portion is also as set forth below, but measured for a 3 fiscal year period.

| 2024 PSU Plan Performance Measure |     |    Target Level |     | Weighting |
| ARR                               |     |          $674.4 |     | 50%       |
| rTSR                              |     | 55th Percentile |     | 50%       |

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TABLE OF CONTENTS

The portion of the 2024 PSUs scheduled to vest on February 20, 2025 (or May 20, 2025) that is subject to the ARR metric will be available for vesting based on attainment of that performance metric as follows:

| Percentage Achievement of 2024 ARR target* |     | Percentage of Subject Award Available for Vesting* |
| 97.0%                                      |     | 50%                                                |
| 100.0%