Company: YEXT
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001614178-25-000046
Chunk: 38

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 38
---
 the Adjusted EBITDA achievement percentage by 0.2%, respectively.

After the achievement percentage for each performance goal has been computed as described above, the percentages are weighted according to the weightings the compensation committee ascribed to each performance goal to determine the payout percentage. If the achievement percentage for each performance goal is less than 100%, then payout is capped at 90% for the respective performance goal. Furthermore, if the weighted average of the total revenue and Adjusted EBITDA achievement percentages, without regard to the respective multipliers, is less than 50%, no cash incentive compensation will be paid. In addition, each named executive officers’ cash incentive compensation is subject to a maximum payout equal to 150% of the named executive officer’s target annual cash incentive compensation opportunity, and the compensation committee reserved discretion to reduce the bonus payout percentage.

The Fiscal 2025 Executive Bonus Plan allows for the discretion of the compensation committee to adjust a named executive officer’s cash incentive compensation based on individual results, performance and contributions during the performance period and other factors, and actual cash incentive compensation paid to the named executive officers is predominantly based on the Company’s performance relative to the performance goals established by the compensation committee. In determining the achievement percentage for each performance goal, the compensation committee considered the impact of the Company’s acquisition of Hearsay in August 2024, which required significant time and resources from our executives.

<div align='center'>25</div>

For fiscal 2025, total revenue was $421.0 million and Adjusted EBITDA was $67.0 million. The compensation committee considered that a portion of revenue was achieved through the acquisition of Hearsay and that certain cost synergies were also achieved in connection with the Hearsay integration. Adjusting for these factors, the compensation committee, for the purposes of payout calculation, reduced the revenue achievement and increased the Adjusted EBITDA achievement, with the resulting payout percentage calculated as follows:

| Performance Goal  |     | Performance Goal Weighting |    |   |     | Percentage of Target Achievement |        |   |     | Percentage of Target Payout |       |   |
| Total Revenue     |     |                            | 67 | % |     |                                  |  96.51 | % |     |                             | 43.59 | % |
| Adjusted EBITDA   |     |                            | 33 | % |     |                                  | 111.29 | % |     |                             | 40.45 | % |