Company: CWAN
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020660
Chunk: 38

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 38
---
 |
| üClawback Erroneous Awarded Incentive Compensation                  |     | We have instituted a clawback policy designed to recoup erroneous awarded incentive-based compensation paid to covered executives in the event of an accounting restatement of the Company's financial statements. |
| üStock Ownership Guidelines                                         |     | Executive officers are required to maintain meaningful levels of share ownership.                                                                                                                                  |
| üPeer Data Review                                                   |     | We develop a peer group of companies based on industry, revenue, and market capitalization to reference for compensation decisions.                                                                                |
| What We Don’t Do                                                    |     |                                                                                                                                                                                                                    |
| ûNo Excessive Perks                                                 |     | We do not provide any significant perquisites to executive officers that are not offered to our broader employee population.                                                                                       |
| ûNo Hedging or Pledging of Company Shares                           |     | We do not permit our executive officers and directors to hedge or pledge their Company shares.                                                                                                                     |
| ûNo Guaranteed Performance Bonuses                                  |     | We do not provide guaranteed performance bonuses to our NEOs at any minimum levels of payment under our annual cash incentive plan.                                                                                |
| ûNo repricing of stock options or grant of discounted stock options |     | We do not reprice options without stockholder approval or grant discounted options.                                                                                                                                |

#### III. COMPENSATION DETERMINATION PROCESS

#### Role of the Board and Committee
The Committee establishes our compensation objectives and determines the structure, components and other elements of executive compensation. The Committee believes that the total compensation paid to our executive officers should be fair, reasonable and competitive, and that a significant portion of the total compensation should be tied to our annual and long-term performance.

For our annual cash incentive program, the Board obtains input from executive officers regarding the annual operating plan, expected financial results, anticipated operating achievements and related risks. Based on this information, the Board then establishes the performance-based metrics and targets for the annual incentive program.

In accordance with its charter, the Committee reviews and evaluates the performance of the CEO and develops recommendations regarding the base salary and aggregate amount of incentive compensation to be paid to the CEO, including the number and mix of PSUs and RSUs to be issued. While our CEO typically attends meetings of the Committee, the Committee meets outside the presence of our CEO when discussing his compensation. The Committee makes recommendations to the Board regarding CEO compensation, and the Board ultimately approves the compensation to be paid or granted to the CEO.

With the input of the CEO