Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 53

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 53
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 | 6,635,520 |     |          |           |
| Alexander Ovtchinnikov(7)Former Senior Vice President,Chief Technology Officer |     |      |     |         | 2024 |           | 371,873 |     |         — |       |                   | 1,944,416 |     |                                            |       — |     |                             |   122,114 |     |          | 2,438,403 |
|                                                                                |     | 2023 |     | 481,000 |      |           |       — |     | 1,322,718 |       |                   |    91,390 |     |                                            |   9,900 |     |                             | 1,905,008 |     |          |           |
|                                                                                |     | 2022 |     | 464,700 |      |           |       — |     | 1,277,805 |       |                   |   241,800 |     |                                            |   9,150 |     |                             | 1,993,455 |     |          |           |

(1) During the periods in the table above, the Company granted PSUs and service-based RSUs, which are reflected in the Stock Awards column. The value of the PSUs is based on the probable outcome of the performance conditions (at the grant date), calculated in accordance with ASC Topic 718 disregarding forfeitures related to service-based vesting. For PSUs granted in 2024, the values of the award at the grant date assuming the highest level of performance conditions will be achieved a re $4,999,671, $2,262,317, $1,928,504, $1,869,006, $489,823, $4,994,393 and $1,944,416 fo r Dr. Gitin, Messrs. Mammen, Ness, and Lopresti, and Drs. Samartsev, Scherbakov and Ovtchinnikov, respectively. There is no assurance that any of the performance targets will be achieved, that the service-based awards will vest or that the any of the recipients will realize the values listed above.

(2) Represents amounts earned under our Revised AIP for services rendered in 2024, and amounts earned under our AIP for services rendered in 2023 and 2022, respectively.

(3) The amount reported for Dr. Gitin