Insulet Corporation Adopts Nonqualified Deferred Compensation Plan

Insulet Corporation's Talent and Compensation Committee approved and adopted the Insulet Nonqualified Deferred Compensation Plan, effective January 1, 2027. This plan is designed as an unfunded "top hat" deferred compensation plan to comply with Section 409A of the Internal Revenue Code. It allows a select group of management or highly compensated employees to voluntarily defer a portion of their compensation, including base salary and annual incentive bonuses. The company may also make matching, nonelective, or discretionary contributions, subject to vesting schedules. Deferred amounts and employer contributions are credited to individual accounts, which are adjusted for investment performance. Payments are generally made in lump sums or installments upon specified events like separation from service, death, or disability, with a delay for those considered "specified employees" under Section 409A. However, all accounts will be paid within 30 days following a change in control. The plan allows for participant-specified distribution dates and forms of payment, with provisions for unforeseeable emergency distributions and beneficiary designations. The Committee reserves the right to amend or terminate the plan.