Company: LPSN
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001102993-25-000068
Chunk: 50

Company: LIVEPERSON INC
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 50
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. Moreover, Mr. Sabino’s Sign-On Awards were intended to replace certain unvested equity holdings that were forfeited by Mr. Sabino when leaving his former employer and also structured to support the Company’s objectives to align his interests with those of our stockholders and provide incentives designed to focus efforts on the enhancement of long-term shareholder value. Mr. Sabino received a restricted stock unit award that converts to shares over four years, subject to Mr. Sabino’s continued employment and a second restricted stock unit award that vests over a period of two years, each of which over time will provide him with a meaningful base of equity holdings. Mr. Sabino also received a stock option award featuring both a two-tiered performance-based vesting condition tied to achievement of share price hurdles, representing significant share price growth over time, and a five-year time-based vesting condition (the “Sign-on Option”). More specifically, the Sign-on Option’s

#### PROXY STATEMENT39
Executive Compensation

performance-based vesting conditions provide that 50% of the Sign-on Option will be eligible to vest and become exercisable if, within the first three years following the date of grant, the average closing share price of the Company’s common stock reaches $8.00 on a rolling 30-day trading basis, and the remaining 50% of the Sign-on Option will be eligible to vest and become exercisable if, within the first four years following the date of grant, the average closing share price of the Company’s common stock reaches $13.00 on a rolling 30-day trading basis. The current realizable value of the Sign-on Option is $0, which shows strong pay/performance accountability.

The number of shares ultimately granted in respect of Mr. Sabino’s Sign-On Awards was determined based on 30-day weighted volume average price per share immediately prior to the date of grant of his Sign-On Awards. This method of calculating the number of RSUs awarded to Mr. Sabino resulted in a grant date fair value of $2,632,259 for the four-year RSU award, and $789,678 for the two-year RSU award (both intended to replace certain forfeited equity at his prior employer). In addition, the grant date fair value of Mr. Sabino’s initial stock option grant was $169,000. Mr. Sabino did not receive any additional equity awards in 2024.

As a result of the compensation elements discussed above, 13% of Mr. Sabino’s initial compensation package stems