Company: IIIV
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001728688-25-000006
Chunk: 36

Company: i3 Verticals, Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 36
---
75,000, 75,000 and 75,000 shares of Class A Common Stock, respectively. The options had an exercise price of $19.22, the closing stock price of the Company’s Class A common stock on the grant date, and will vest ratably in four equal annual installments on the anniversary of the date of grant subject to the executive’s continued service with the Company.

• In September 2024, Geoff Smith was promoted to Chief Financial Officer of the Company, having previously served as the Senior Vice President of Finance of the Company since November 2022. In connection with the promotion, Mr. Smith was granted 15,000 restricted stock units and his annual base salary was increased to $260,500 effective September 20, 2024. The restricted stock units will vest ratably in four equal annual installments on the anniversary of the date of grant subject to Mr. Smith’s continued service with the Company. Concurrently with Mr. Smith’s promotion, Mr. Whitson was appointed Chief Strategy Officer of the Company. Mr. Whitson’s compensation was not adjusted in connection with this appointment.

#### Compensation Philosophy
The fundamental objectives of our executive compensation policies are to attract, retain and motivate executives and to incentivize our executives to execute our business strategy and to deliver strong financial results and long-term stockholder value. We believe that we have a strong “pay for performance” philosophy, and the Compensation Committee seeks to implement an executive compensation structure that is fair, balanced, aligned with stockholder interests, and linked to overall financial performance and long-term stockholder value. Consistent with the goal of focusing on long-term stockholder value, the target levels of compensation payable to our executives are weighted more heavily towards long-term equity incentive awards than short-term cash incentive awards. Additionally, our philosophy considers employee retention, vulnerability to recruitment by other companies, and the difficulty and costs associated with replacing executive talent.

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

Based on these objectives, the Compensation Committee has determined that the compensation payable to our named executive officers should primarily consist of the following: (i) base salary, which is intended to provide a secure level of guaranteed cash compensation; (ii) annual cash bonuses, which take into account the level of achievement with respect to certain financial and stock price objectives established by the Compensation Committee at the beginning of the fiscal year; and (iii) long-term equity-based incentive awards which further align the interests between executive officers and our stockholders.

Annual cash bonuses are determined following the