SPS Commerce amends PSU awards to double-trigger vesting upon change in control

SPS COMMERCE INC

Committee amended 2024 PSUs from single-trigger to double-trigger vesting on change in control, aligning with 2025/2026 awards.
Double-trigger: accelerated vesting only if employment terminated without cause or resignation for good reason within 1 year post-change in control, or if awards not assumed.
Retired executives holding PSUs will receive greater of target or actual-performance-based vesting upon change in control.
New PSU Agreement form effective April 10, 2026 will govern all outstanding and future PSU grants.

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