Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 176

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 11
Chunk 176
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 7,219 524,966 Alexander Ovtchinnikov2/17/20177,119 — 119.50 2/17/2027— — — — 2/22/20185,734 — 239.72 2/22/2028— — — — 2/15/20197,472 — 154.88 2/15/2029— — — — 2/19/2021— — — 661 48,068 — — 2/18/2022— — — 1,557 113,225 — — 2/17/2023— — — 3,362 244,485 3,025 219,978 2/16/2024— — — 11,242 817,518 2,810 204,343 

(1)The vesting dates assume the continued service of the NEO through the applicable vesting date. Service-based RSUs granted prior to 2022 vest in four annual installments commencing on March 1 of the year following the grant. Service-based RSUs granted in February 2022 and subsequent years vest in three annual installments commencing on March 1 of the year following the grant. PSUs granted in 2024, 2023 and 2022 vest in one installment on March 1 of 2027, 2026 and 2025, respectively, if at all. However, (a) RSUs granted on May 7, 2021 to Dr. Scherbakov vest in four annual installments commencing on May 7, 2022 and PSUs granted on May 7, 2021 to Dr. Scherbakov vest in one installment on May 7, 2024, and (b) the RSUs granted on June 5, 2024 to Dr. Gitin vest in three annual installments commencing on June 5, 2025 and PSUs granted on June 5, 2024 to Dr. Gitin vest in one installment on June 5, 2027.

(2)Represents the closing price of a share of our common stock on the grant date.

(3)Based upon the closing common stock price on December 31, 2024, the last trading day of 202