Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 50

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 50
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 support relative to the 2023 advisory vote. Our Board and Compensation Committee took the 2023 vote outcome very seriously and engaged in an extensive shareholder engagement process regarding compensation in fall 2023. We believe that the increase in stockholder

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support in the 2024 annual meeting is a sign that our stockholders have endorsed the changes to our compensation policies adopted in response to the 2023 advisory vote.

| What we heard                                                                                                                                                                                                                                                    |     | How we responded                                                                                                                                      |
| Longer Performance Periods. Many stockholders expressed a perspective that the one-year performance periods we have been using for our long-term incentive plan should instead measure performance over longer periods.                                          |     | In our 2024 long-term equity incentive awards, a portion is now tied to our three-year performance as compared to an industry index.                  |
| More Disclosure. We heard that stockholders would like more information about how performance metrics for annual and long-term incentives are selected, and the rationale for changes.                                                                           |     | In this proxy statement, we have provided more information regarding such reasoning and intend to continue providing this type of disclosure.         |
| Long-term Incentive Metrics. Some stockholders expressed an interest in having long-term incentive metrics that are tied to the Company’s stock price performance over a three or more year period.                                                              |     | In our 2024 long-term equity incentive awards, 25% is now tied to our three-year TSR performance relative to an industry index.                       |
| Avoid Overlapping Metrics. Some investors indicated a preference that there not be overlap between the goals for our annual bonuses and long-term equity incentive awards.                                                                                       |     | For 2024, we moved away from the use of overlapping metrics between our annual bonus and long-term equity.                                            |
| Co-CEO Matters. Some stockholders asked for more information regarding the decision to implement a Co-CEO structure and how the Compensation Committee assessed the initial compensation arrangements for our Co-CEOs and how it will be assessed going forward. |     | In this proxy statement, we have provided more information on our reasoning underlying this and intend to continue providing this type of disclosure. |

#### Individual Compensation Elements
In 2024, the primary elements of our executive compensation program consisted of base salary, an annual cash bonus opportunity, and long-term equity incentive compensation in the form of RSU and PSU awards.

#### Base Salary
Base salary represents the fixed portion of the compensation