Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 39

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 39
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 into an offer letter with Mr. Kedzierski, which documents, among other things, his compensation and employment terms. The Compensation Committee, together with the other independent members of our Board, spent significant time reviewing Mr. Kedzierski’s compensation package with the Compensation Committee’s independent compensation consultant. In approving the final terms of Mr. Kedzierski’s compensation package, they considered, among other things:

• Evolv’s need for an experienced leader who embodies our mission and can execute on our strategic vision;

1 Please see Appendix A for how ARR is defined.

2 Please see Appendix A for how Adjusted EBITDA is defined and a reconciliation of Adjusted EBITDA with net income (loss) the most comparable GAAP measure.

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• Mr. Kedzierski’s demonstrated leadership at Motorola Solutions as Senior Vice President of Global Enterprise Sales, which resulted in consistent, profitable growth for Motorola Solutions and helped the company become a global leader in physical security;

• stockholder feedback on the importance of performance-based compensation tied to stockholder value creation; and

• Evolv’s peer group, which had recently been updated in connection with fiscal year 2024 compensation decisions (see “ Compensation Decision-making Process ” on page 37 for more information regarding our peer group).

Based on such considerations, the Compensation Committee and the other independent members of our Board ultimately approved a compensation package designed to recruit a CEO of the caliber of Mr. Kedzierski while remaining responsive to stockholder feedback on our compensation program. The rationale for each of the elements of Mr. Kedzierski’s compensation and how each element aligns with our compensation philosophy is summarized in the table below. The Compensation Committee and the other independent members of our Board considered his skills and experience, his role and responsibilities, market data, his prior compensation, and the desire and need to attract Mr. Kedzierski in determining each element of Mr. Kedzierski’s compensation.

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| Element                        |     | Description                                                                                                                                                                                                                                               |     | Rationale                                                                                                                                                                                         |
| Base Salary                    |     | $540,000, prorated for fiscal year 2024                                                                                                                                                                                                                   |     | Attracts and rewards Mr. Kedzierski with a competitive level of pay that reflects his experience, role, and responsibilities.                                                                     |
| Annual Cash Incentive Bonus