Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 60

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 60
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        |     |              | 18,398 |     |            |     |               |  3,543,577 |
| Executive Vice President, Global Human Resources                     |     |      |     | 2023 |     |           |     |        |   498,462 |     |            |     |              |  2,672,150 |     |         |     |                |   231,000 |     |        |     |              | 10,879 |     |            |     |               |  3,412,491 |
|                                                                      |     | 2022 |     |      |     |   478,462 |     |        |           |     |  2,114,814 |     |              |            |     |       — |     |                |           |     | 17,165 |     |              |        |     |  2,610,441 |     |               |            |

(1) The amounts shown in this column reflect the aggregate grant date fair value computed in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. Assumptions used in the calculations of these amounts are included in Note 1 - Summary of Significant Accounting Policies, Stock-Based Compensation and Note 10 - Stockholders’ Equity (collectively, “Notes 1 and 10”) to our audited financial statements for the year ended December 31, 2024 included in our Annual Report. This same method was used for the years ended December 31, 2023 and 2022.

(2) For a further description of the amounts included in this column, please see the paragraph entitled “All Other Compensation” below.

(3) Mr. Hogan’s 2024 realizable target direct compensation is $12.9M. We believe realizable pay reflects a closer approximation of the value of equity awards to the executive as of the year-end and that it is important to consider the effect of such year-end value of our stock on those awards over time in addition to the grant date fair values included in the Summary Compensation Table. See “Executive Compensation—Executive Summary—Realizable Pay” above, including the calculations used to determine realizable target direct compensation.

The grant date fair value of the MSU awards reflected in the Stock Awards column and the tables below is computed based on the probable outcome of the performance conditions as of the grant date. This amount is consistent with the