Company: PCRX
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041219
Chunk: 62

Company: Pacira BioSciences, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 62
---
onin’s case, was January 2024. The stock options vest as to 25% of the option shares on January 3, 2025 and vest as to the remaining shares in successive equal quarterly installments over the subsequent three years. The RSU shares vest as to 25% of the shares in four equal annual installments, beginning on January 2, 2025. All vesting is subject to Dr. Slonin remaining in continuous service with the Company at each vesting date. VI. OTHER COMPENSATION POLICIES AND PRACTICES Policies and Practices Related to the Timing of Equity Awards It has been the People & Compensation Committee’s long-standing practice to grant equity awards pursuant to a set cadence. New hire or promotion equity awards are typically granted on the first day of the month following 72 | investor.pacira.com

TABLE OF CONTENTS Executive Compensation

the employee’s start date or promotion in the case of RSUs or the second trading day of the month following the employee’s start date or promotion in the case of stock options. Newly appointed directors receive a stock option grant on their date of appointment to the Board. Regardless, all equity awards are approved on or before the date of grant. Additionally, the Company typically grants stock options and RSUs to its directors at its June board meeting, which historically has been the day following the annual meeting of stockholders—a date determined (in most cases) nine-to-twelve months in advance. The grant date for those awards has historically been the date of the June board meeting. Prior to 2025, the Company would also grant annual equity awards to its named executive officers and other employees on this date, although it shifted this date to February in 2025 for this population to better align the performance review process with compensation decisions related to the Company’s annual performance and pay review cycle. The Company intends to grant these annual equity awards to employees in February on a go-forward basis. The grant price of a stock option is the closing price of the Company’s common stock on the Nasdaq Global Select Market on the date of grant. The grant price of an RSU is the closing price of the Company’s common stock on the Nasdaq Global Select Market on the date of grant, or the previous trading day if the date of the RSU grant falls on a weekend or market holiday. All equity grants require approval by the board or the People & Compensation Committee (or the Chief Executive Officer on behalf of the People & Compensation Committee for grants made to