Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 66

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 66
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: Beginning in March 2025, Mr. Bourque was eligible for annual Company equity awards on the same terms and conditions as the annual equity awards made to the Company’s similarly situated executives and as approved by the Board or the Compensation Committee.

One-Time Sign-On Grants:In addition to offering Mr. Bourque a competitive annual compensation package, the Board approved one-time new hire awards in part to make up for forgone incentives at his previous employer as follows:

Cash sign-on bonus: $100,000.

Equity sign-on award: 150,000 shares of the Company’s common stock, comprised of (i) 75,000 time-based RSUs and (ii) 75,000 performance-based RSUs. Subject to Mr. Bourque’s continued service with the Company, one-third of the RSUs will vest annually over three years. Subject to Mr. Bourque’s continued service with the Company, the performance-based RSUs will vest based on the Company’s achievement of revenue performance goals for each of 2024 and 2025.
The time-based RSUs and performance-based RSUs are each subject to the terms and conditions of the Company’s 2024 CFO Inducement Grant and applicable award agreements.

The continued use of performance-based RSUs as an equity sign-on award is intended to drive achievement of key performance goals.

Executive Compensation Governance Highlights

We maintain sound governance standards consistent with our executive compensation policies and practices and we seek to adhere to the best practices for compensation and corporate governance purposes. The Compensation Committee and in certain cases, the independent members of our Board, evaluate our executive compensation program regularly to ensure that it supports our short-term and long-term goals given the dynamic nature of our business and the market in

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which we compete for executive talent as well as protect our stockholders’ interests. These policies and practices were in effect during 2024:

Compensation Governance

| ✓ | Independent Compensation Committee and Board Approval. The Compensation Committee is comprised solely of independent directors. In addition, certain executive compensation decisions at the Board level are made by independent directors; |
| ✓ | Independent Compensation Committee Advisor. The Compensation Committee engaged its own independent compensation consultant to assist with its compensation review for 2024. This consultant performed no other services for us;             |
| ✓ | Annual Executive Compensation Review. The Compensation Committee conducts an annual review and approval of our compensation strategy; and                                                                                                   |
| ✓ | Equity Ownership Guidelines. The Board has adopted Equity Ownership Guidelines applicable