Company: CDLX
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001666071-25-000046
Chunk: 50

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 50
---
2024 Bonus Plan payout.

• Promotion and Retention Bonuses - On August 16, 2024, the Compensation Committee approved the payment of a $275,000 promotion bonus to Mr. Gupta in connection with his promotion from Chief Operating Officer to Chief Executive Officer. Mr. Gupta has agreed to repay the one-time promotion bonus in full if he resigns for any reason or is terminated for cause before August 16, 2025. On August 15, 2024, the Compensation Committee approved the payment of a $200,000 retention bonus to Ms. DeSieno and $150,000 retention bonus to Mr. Lynton (each, a "Retention Bonus"). Each Retention Bonuses will be paid out over a period of 12 months with (i) 50% of the Retention Bonus having been paid on February 15, 2025 and (ii) 50% of the Retention Bonus set to be paid on August 15, 2025. Ms. DeSieno and Mr. Lynton will be required to repay their respective retention bonuses if they should voluntarily resign before August 15, 2025, subject to continued service through each payment date.

• Long-Term Incentive Compensation – During 2024, the Compensation Committee granted Messrs. Temsamani, Gupta and Lynton 300,000, 614,796 and 85,035 restricted stock units (“RSUs”), respectively, and Ms. DeSieno 114,796 RSUs, each of which are subject to a multi-year vesting requirement. Upon vesting, vested RSUs are settled in a like number of shares of our common stock.

• Compensation Arrangements with Mr. Gupta – In connection with his appointment as our Chief Executive Officer on August 16, 2024 the ("Start Date"), we entered into an offer letter with Mr. Gupta (the "Gupta Offer Letter"). Pursuant to the Gupta Offer Letter, our initial compensation arrangements with Mr. Gupta were as follows:

◦ An initial annual base salary of $550,000

◦ A target annual cash bonus opportunity equal to 100% of his annual base salary

◦ A promotion bonus of $265,000

◦ An RSU award for 500,000 shares (the "2024 RSUs"), which 2024 RSUs will vest over a period of 24 months, with 25% of the 2024 RSUs vesting on the