Company: FLYW
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001193125-25-089231
Chunk: 45

Company: Flywire Corp
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 45
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 Pitigoi’s start date. |

Pursuant to his transition agreement, in Fiscal 2024, in the sole discretion of our People & Compensation Committee, Mr. Ellis was eligible to receive a one-timecash bonus in the target amount of $150,000, which may be greater than or less than such target as determined by the Board. To reflect his service during part of 2024 and in connection with his transition agreement, in March 2025 our People & Compensation Committee determined that Mr. Ellis’ would be paid a discretionary bonus of $75,000. 2024 LONG-TERM INCENTIVE COMPENSATION Our People & Compensation Committee is focused on aligning pay with performance in our compensation program, and as such, we continue to evaluate the most effective way to do so. For Fiscal 2024, recognizing the challenges with long-term goal setting given market volatility and shifting dynamics, our People & Compensation Committee determined that continuing to use RSUs was the most effective way to align executives with long-term success. RSUs are directly aligned with stockholders, with value Flywire Corporation 32 2025 Proxy Statement

driven by the share price, and provide for flexibility to adapt to evolving strategic priorities and market conditions while maintaining a focus on long-term value creation. The target grant value of RSUs awarded to our NEOs is based on our People & Compensation Committee’s general understanding of competitive pay practices, our Chief Executive Officer’s recommendation (except with respect to his own awards), consultation with its compensation consultant, and other factors that our People & Compensation Committee deems appropriate. In addition to the annual RSU awards, our People & Compensation Committee may grant additional RSUs for merit, performance, retention or promotional purposes. In March 2024, our People & Compensation Committee granted the following time-based RSUs to our NEOs (other than Mr. Ellis), which for all except Mr. Pitigoi, vest with respect to 25% of the shares after one year and the remainder vesting in equal quarterly installments over the following three years, subject to the officer’s continued employment. The RSUs granted to Mr. Pitigoi in connection with joining as our Chief Financial Officer served to, among other things, provide immediate alignment with shareholders. Mr. Pitigoi’s RSUs vest with respect to 35% of the shares after 12 months of continuous service, with the balance vesting in quarterly installments over the next 12 quarters of continuous service such that 28% of the shares