Company: BL
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001666134-25-000011
Chunk: 60

Company: BLACKLINE, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 60
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 and the costs of natural disasters.                                                                                                                                                                                                                                                                                                                                                                 |
| Relative TSR              |     | Relative TSR will be determined by how the Company’s TSR during the Performance Period (the “Company TSR”) compares to the TSRs of the Indexed Companies during the Performance Period. The Indexed Companies are those companies that are components of the S&P Software & Services Select Industry Index at the end of the Performance Period and were also components of such index as the beginning of the performance period. To determine TSR, the 30-day simple average closing price at the end of the performance period plus all dividends paid during the performance period will be divided by the 30-day simple average closing price at the beginning of the performance period. The TSRs of each Indexed Company and the Company will be ranked and such ranking will determine the Company's percentile performance. |

2022 and 2023 PSU Performance Decisions

In February 2025, the Compensation Committee reviewed our overall performance for 2024, including performance against the performance measures established for 2024 under the 2022 and 2023 PSU awards eligible to vest on February 20, 2025. C onsidering the performance measures established for those awards, the target performance, actual performance, and percent available for vesting before relative weighting were as follows:

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TABLE OF CONTENTS

| Performance Measure       |     | Target Performance Level |     | Actual Performance Level |     | Pre-Weighting Vesting Percentage |     | Weighted Vesting Percentage |
| Revenue                   |     | $657.3 million           |     | $653.3 million           |     | 75.8%                            |     | 30.3%                       |
| ARR                       |     | $674.4 million           |     | $641.2 million           |     | —%                               |     | —%                          |
| Non-GAAP Operating Margin |     | 18.0%                    |     | 19.4%                    |     | 170.0%                           |     | 51.0%                       |
| Total                     |     |                          |     |                          |     |                                  |     | 81.3%                       |

Based on this level of achievement, the Compensation Committee determined that, with respect to the shares eligible to vest on February 20, 2025 under the 2022 and 2023 PSU awards, 81.3% of the target amount for each of our NEOs were eligible to