Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 74

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 74
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 303,000 |     | €                      |   606,000 |     | $                      |         - |

Based on 100% of target.

Based on 200% of target.

The amounts in this column represent the amounts actually paid to each of our NEOs under the 2024 Incentive Plan, as discussed below.

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2024 Incentive Plan Performance Goals.For fiscal 2024, we updated the 2024 Incentive Plan to measure metrics based on the corporate performance objectives of revenue (weighted 50%) and Adjusted EBITDA (weighted 50%). The 2024 Incentive Plan allowed for the following add-backs related to revenue and Adjusted EBITDA: 1) Stock-based compensation, 2) currency adjusted to restate Euro-denominated revenue using plan current rates, 3) restructuring-related and other charges, 4) relocations or sign-on bonuses, 5) acquisition-related expenses or divestiture costs, 6) litigation settlements greater than $1 million, and 7) other non-ordinary events in accordance with the Company's policies. We continued to use revenue and Adjusted EBITDA to provide incentives for our employees to drive both revenue and earnings growth and make adjustments to exclude certain non-cash and other expenses that are not indicative of our core operating results. The 2024 Incentive Plan funded based on our actual achievement against each metric set forth below:

| Metric          |     | Weighting |     | Threshold Goal |     | Target Goal    |     | Maximum Goal   |     | Actual Achievement |
| Revenue         |     | 50%       |     | $310.9 million |     | $327.2 million |     | $335.4 million |     | $335.7 million     |
| Adjusted EBITDA |     | 50%       |     | -$19.5 million |     | -$18.6 million |     | -$15.5 million |     | -$4.9 million      |

The Compensation Committee reserved the right to increase, decrease, or eliminate any incentive payment that may be payable under the 2024 Incentive Plan, based on the factors it deemed relevant.

2024 Incentive Plan Achievement

Our 2024 results were revenue of $335.7 million (resulting in a percentage achievement of 200%) and Adjusted EBITDA of negative $4.9 million (