Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 24

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 24
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 recommends nominees to include female and/or racially/ethnically diverse candidates. To implement this policy, third-party director search firms hired by the NCGC are instructed to include in the pool qualified candidates who reflect diverse backgrounds, including diversity of gender and/or race/ethnicity.

28 NOTICE OF 2025 ANNUAL MEETING AND PROXY STATEMENT

| Director Compensation |

In 2024, our non-employee directors received the following annual compensation from us:

|                                  |     |   |         | Amount |
|:---------------------------------|:----|:--|--------:|:-------|
| Board Retainer                   |     | $ |  40,000 |        |
| Non-Executive Chair Retainer     |     | $ |  80,000 |        |
| Audit Committee Retainers        |     |   |         |        |
| Chair                            |     | $ |  25,000 |        |
| Non-Chair                        |     | $ |  12,500 |        |
| Compensation Committee Retainers |     |   |         |        |
| Chair                            |     | $ |  22,500 |        |
| Non-Chair                        |     | $ |  10,000 |        |
| NCGC Retainers                   |     |   |         |        |
| Chair                            |     | $ |  17,500 |        |
| Non-Chair                        |     | $ |   7,500 |        |
| Annual Equity Award              |     | $ | 250,000 |        |

Following our annual meeting of stockholders in 2024, non-employee directors received an equity award of service-based restricted stock units ("RSUs") with a value of approximately $250,000. The awards vest in a single installment on the earlier of the first anniversary of the date of grant or the next annual meeting of stockholders.

Upon election to the Board, each new non-employee director receives a grant of approximately $250,000 in RSUs vesting on the first anniversary of the date of grant subject to the director’s continued service on the Board through the vesting date. If the election to the Board for a new director occurs other than at an annual meeting of stockholders, the subsequent annual equity grant is pro-rated based upon time the director served since first election. Any director who retires after at least eight years of service on the Board will be entitled to full vesting of all RSUs then held