Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 50

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 50
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 calculated in a manner consistent with Item 402(u) of Regulation S-K. We identified our median employee as of December 31, 2024, at which time we had approximately 1,037 employees, all of whom are U.S. employees. Our median employee was identified based on the cash compensation paid related to 2024 to all members of our workforce including full-time and part-time employees, other than our CEO, who were employed on December 31, 2024. We annualized the cash compensation of employees who were employed on December 31, 2024 but had not worked for us for all of 2024. For purposes of determining the cash compensation paid related to 2024, we included the amount of base salary the employee received during 2024 and the amount of any cash incentives earned in 2024. Once we identified our median employee, we then determined that employee’s total compensation, including any perquisites and other benefits, in the same manner that we determine the total compensation of our named executive officers for purposes of the 2024 Summary Compensation Table (the “SCT”) disclosed above. With respect to the total compensation of our CEO, because we had two Chief Executive Officers in 2024, as provided by Item 402(u) of Regulation S-K, for purposes of the pay ratio, we have annualized the 2024 compensation of Ms. Dodd, who was serving as our CEO on December 31, 2024, the date we identified our median employee. We annualized Ms. Dodd’s compensation for 2024 by adding the following amounts: (i) $650,000, which was the amount resulting from deducting from her 2024 amount in the Salary column of the SCT the cash retainer she received as a non-employee director and then annualizing the resulting amount; (ii) $479,700, which was the amount after annualizing her 2024 amount in the Non-Equity Incentive Plan Compensation column of the SCT; (iii) $1,869,991, which was her 2024 amount in the Stock Awards column of the SCT with no changes; and (iv) $13,800, which was the amount after annualizing her 2024 amount in the All Other Compensation column of the SCT. The resulting total is $3,013,491.

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PAY VERSUS PERFORMANCE

The following table sets forth compensation