Company: OFIX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061062
Chunk: 71

Company: Orthofix Medical Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 71
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 of standing committees. In 2024, non-employee directors (other than the Chair of the Board) were paid an aggregate annual cash retainer of $75,000 for service as a director and member of any committees of the Board on which such director sits. In addition, committee Chairs received an additional retainer of $15,000. The Chair of the Board is typically paid an aggregate annual retainer of $150,000 for service in this role; however, in 2024, Ms. Burzik did not receive a cash retainer for the period she served as interim Chief Executive Officer. Long-Term Incentive Compensation We provide non-employee directors long-term incentive compensation under our 2012 LTIP to closely align directors with shareholder interests. Currently, we pay non-employee directors long-term incentive compensation in two forms: • an initial grant of stock options vesting over four years, with a grant date fair market value of approximately $300,000, awarded to each new non-employee director upon such director joining the Board; and

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• an annual grant of one-year time-vesting deferred stock units, with a grant date fair market value of approximately $195,000 (with an additional amount provided to the Chair of the Board), which deferred stock units are not settled until the applicable director ceases service as a director. As a result of the deferred delivery feature of the annual grant, directors are not able to sell these awards or the shares of common stock underlying them, even if vested, while they serve as a director. Director Compensation Table The following table provides information regarding the 2024 compensation of our non-employee directors.

| Name                    | Fees      
 Earned or 
 Paid in   
 Cash ($)  |         |     | Restricted  
 Stock Unit  
 Awards      
 (Number     
 of Shares   
 Granted)(1) |        |     |    | Grant Date    
 Fair Value    
 of Restricted 
 Stock         
 Awards        
 ($)(2)        |         |     | Option    
 Awards(1) |   |     | Grant Date 
 Fair Value 
 of Option  
 Awards     
 ($)(2)     |   |     | All Other    
 Compensation 
 ($)          |   |     | Total ($) |         |
| Current Directors:      |           |         |     |             |        |     |    |               |         |     |           |   |     |            |   |     |              |   |     |           |         |
| Michael