Company: OFIX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061062
Chunk: 50

Company: Orthofix Medical Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 50
---
Spine 2015 Plan. All former SeaSpine employees and all new employees of the Company and its subsidiaries and affiliates hired after January 5, 2023 are eligible and may receive awards under the SeaSpine 2015 Plan.

<div align='center'>39</div>

The Committee recommends to the Board the long-term incentive plan grants for our Chief Executive Officer, and the Board determines such grants after taking into account such recommendations. The Committee determines the long-term incentive plan grants for our other Section 16 officers and members of the ELT. In addition, the Committee occasionally offers inducement grants (in accordance with applicable Nasdaq rules) to newly hired employees outside of shareholder approved plans, as done in connection with new executive appointments in 2024. These inducement grants have been made on terms that are substantially similar to grants under the 2012 LTIP. For the 2024 annual equity-based grant (excluding inducement awards), 50% percent of the award value was delivered via performance-based restricted stock units ("PSUs"), 25% percent of the award value was delivered via time-based stock options, and the remaining 25% percent of the award value was delivered via restricted stock units with time-based vesting ("RSUs").

|                        |     | PSUs                                                                                            |     | RSUs                                                                                             |     | Options                                                                                                                               |
| Value Weighting        |     | 50%                                                                                             |     | 25%                                                                                              |     | 25%                                                                                                                                   |
| Performance Conditions |     | Total Shareholder Return (“TSR”) relative to the S&P Healthcare Equipment Select Industry Index |     | Service through vesting                                                                          |     | Stock price appreciationService through vesting                                                                                       |
| Term/Length            |     | N/A                                                                                             |     | N/A                                                                                              |     | Seven years                                                                                                                           |
| Vesting                |     | Cliff vest after three years to the extent earned upon certification of results                 |     | Vest in three equal installments on the first, second, and third anniversaries of the grant date |     | Vests one-third on the anniversary of the grant date and the remainder in eight substantially equal quarterly installments thereafter |

Time-Based Restricted Stock Units and Stock Options In 2024, the Committee granted executives 25% of their respective annual long-term incentive award in the form of RSUs and 25% in the form of stock options. Under the Company’s existing arrangements with executives, the unvested portion