Company: INSP
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001140361-25-009249
Chunk: 55

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 55
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 income (weighted at 25%). The Organization and Compensation Committee selected these metrics because they are the best indicator of our ability to continue to grow and reflect the increasing importance of operating income as a measure of stockholder value creation.

| Inspire Medical Systems, Inc. |     | 45 |     | 2025 Proxy Statement |

TABLE OF CONTENTS

| EXECUTIVE COMPENSATION |

Performance Results Under the 2022-2024 PSUs. The three-year performance period for the PSUs granted to our NEOs in 2022 ended on December 31, 2024. The sole performance objective for the PSUs granted in 2022 was cumulative revenue (weighted at 100%). The Organization and Compensation Committee selected cumulative revenue because it was considered the best indicator of our ability to continue to grow. In February 2025, the Organization and Compensation Committee reviewed and approved the Company’s actual performance for cumulative revenue over the performance period and approved payout under the 2022-2024 PSUs as reflected in the table below.

| Performance Objective / 
 Payout                  |     | Below Target |     |   Target |     | Above Target |     |  Maximum |     | Actual Achievement |
| Cumulative Revenue(1)   |     | <$1,500.0    |     | $1,500.0 |     |     $1,650.0 |     | $1,800.0 |     |           $1,835.5 |
| Payout                  
 (as a % of Target)      |     | 0%           |     |     100% |     |         150% |     |     200% |     |            200%(2) |

| (1) | Cumulative revenue reflects the total revenue over the three-year performance period. Revenue amounts are in millions of dollars. |

| (2) | Achievement under the performance goal exceeded the maximum achievement under the plan resulting in an overall achievement percentage of 200%. The shares of our common stock that were awarded to each of our NEOs in connection with the vesting of the 2022-2024 PSUs are reflected in the table below. Mr. Weatherby joined our Company in June 2023 after the 2022-2024 PSUs were granted. The amounts include shares of our common stock that were withheld in connection with the satisfaction of tax withholding obligations arising out of the vesting of the PSUs. |

| Name                 |     | Vested PS