Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 255

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 255
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Us) and restricted stock awards (RSAs) under the 2014 and 2023 Plans and made one inducement grant of RSUs in 2024 (Stock Awards). The Stock Awards vest either based solely on the satisfaction of time-based service conditions or on the satisfaction of time-based service conditions combined with performance market criteria. Stock Awards are subject to forfeiture if the holder’s services to the Company terminate before vesting.Stock Awards granted with only time-based service vesting conditions generally vest over three-year and four-year service periods, as defined in the terms of each award. Stock Awards that vest based on the satisfaction of time-based service conditions combined with performance criteria generally vest over a three-year service and performance period, based on performance and/or market conditions established at the time of the award. The portion of the Stock Award that is earned may equal or be more or less than the targeted number of shares subject to the Stock Award depending on whether the performance criteria are met.

 F-31

Stock Awards activity for the years ended December 31, 2024, 2023 and 2022 is summarized below: 

        Weighted-

        average

        grant

        Performance

        date fair

        and

        value

        Restricted stock units
         
        Time-based

        time-based

        Total

        per share

        Unvested restricted stock units as of December 31, 2021 (1)

        289,166

        99,112

        388,278

        $
        54.81

        Granted

        769,976

        164,722

        934,698

        29.76

        Vested

        (142,942
        )

        (37,678
        )

        (180,620
        )

        55.04

        Forfeited/canceled

        (95,259
        )

        (42,959
        )

        (138,218
        )

        45.10

        Unvested restricted stock units as of December 31, 2022 (1)

        820,941

        183,197

        1,004,138

        $
        32.72

        Unvested and expected to vest restricted stock units outstanding as of        December 31, 2022

        840,413

        $
        32.37

        Unvested restricted stock units as