Company: NCNO
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001193125-25-116870
Chunk: 42

Company: nCino, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 42
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 down from his role as an executive officer of the Company. Mr. Glover did not receive any severance benefits as a result of his resignation. In order to facilitate a smooth transition, Mr. Glover remained with the Company in an advisory capacity through June 30, 2024. While serving as an advisor, Mr. Glover’s equity awards continued to vest in accordance with their terms based on his continued service. Although Mr. Glover had a contractual entitlement to continued vesting based on his continued service during the advisor term, under applicable accounting rules, this continued vesting resulted in a modification under ASC 718, resulting in an additional incremental fair value reported in the Fiscal 2025 Summary Compensation Table under ASC 718.

See the subsection titled “Potential Payments Upon Termination or Change of Control” for a description of the severance and change in control arrangements for our NEOs.

Other Benefits

Our NEOs participate in our corporate-wide benefit programs. Our NEOs are offered benefits that generally are commensurate with the benefits provided to all of our full-time employees, which includes participation in our qualified defined contribution plan. Mr. Naudé also receives life insurance benefits paid for by the Company.

Consistent with our performance-based culture, we do not offer a service-based defined benefit pension plan or other similar benefits to our employees. During fiscal 2025, we did not provide nonqualified retirement programs or perquisites that are often provided at other companies to executive officers.

Clawback Policy

During fiscal 2024, the Company adopted a Dodd-Frank Clawback Policy to comply with SEC and Nasdaq listing rules. Under the Policy on Recoupment of Incentive Compensation, the Company is required to recoup any erroneously awarded incentive compensation paid or payable to certain current or former executive officers of the Company, including the named executive officers, in the event of certain accounting restatements due to the Company’s material non-compliance with any financial reporting requirement under U.S. federal securities laws, the result of which is that any such incentive compensation would have been a lower amount had it been calculated based on the restated results.

Anti- Hedging and Anti-Pledging Policies

Our board of directors previously adopted a hedging and pledging policy that prohibits all of the directors and executive officers of the Company from hedging the Company’s securities. Our board of directors also previously adopted a policy prohibiting all directors and executive officers of the Company from pledging the Company’s securities that they own directly.

Stock Ownership Guidelines

Our board of