Company: FLYW
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001193125-25-089231
Chunk: 43

Company: Flywire Corp
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 43
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 David King        |     |                     310,000 |
| Michael Ellis     |     |                     325,000 |

ANNUAL CASH INCENTIVE BONUS COMPENSATION Our annual cash incentive bonus compensation program promotes our pay for performance philosophy by providing all executives and other management-level corporate employees with direct financial incentives in the form of annual cash awards for achievement of certain corporate financial goals established and approved by our People & Compensation Committee at the start of the year. If we achieve results that are below threshold levels, these NEOs receive no cash incentive bonus, while results that are above threshold levels result in a cash incentive bonus payout based on a pre-determinedscale, subject to a maximum amount of 150% in Fiscal 2024. Pursuant to his transition agreement with us, Mr. Ellis was not eligible to participate in our 2024 cash incentive bonus program. Target Bonus Opportunities Our People & Compensation Committee sets each NEO’s individual target cash incentive amount based on each NEO’s employment agreement provisions, our Chief Executive Officer’s recommendation (except for his own target), internal pay fairness, our People & Compensation Committee’s general understanding of current competitive pay practices and other factors it deems appropriate. After evaluating the competitive positioning of our NEOs’ total target cash compensation in the context of our overall compensation philosophy, in February 2024, our People & Compensation Committee determined not to adjust the target cash bonus amounts for any of the then serving eligible NEOs. Pursuant to his employment agreement, Mr. Pitigoi’s target bonus for 2024 was set at $300,000. As a result, the Fiscal 2024 target bonus opportunities for our NEOs (other than Mr. Ellis) were:

| NAME              |     | FISCAL 2024 TARGET BONUS  OPPORTUNITY  ($) |    |
| Michael Massaro   |     |                                    450,000 |    |
| Robert Orgel      |     |                                    225,000 |    |
| Cosmin Pitigoi    |     |                                    300,000 | -1 |
| Peter Butterfield |     |                                    150,000 |    |
| David King        |     |                                    150,000 |    |

| (1) | $249,041 after proration based on Mr. Pitigoi’s start date. |

In addition, our People & Compensation Committee determined that for Fiscal 2024 each NEO’s cash incentive bonus would be based solely on 2024 corporate objectives. 2024