Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 65

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 65
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2025. There is no assurance that the grant date fair value amounts will be realized. The RSUs are time-based awards and are not subject to performance conditions. Amounts for MSUs represent the estimate of the aggregate compensation cost to be recognized over the three-year performance period determined as of the grant date. For MSU awards granted in February 2024, the actual number of shares that will be paid out will depend on our stock price performance relative to the performance of the Nasdaq Composite Index over the three-year performance period, up to a maximum of 250% of the number of target shares.

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#### Timing of Equity Grants
Our Compensation and Human Capital Committee, in consultation with management, our independent auditors and legal counsel, has adopted the following practices on equity compensation awards:

• Consistent with the policy described in the paragraph below, all awards of equity compensation for new employees (other than new members of executive management) are made on the first day of the month for those employees who started during the period between the 16 th day of the month that is two months prior to the grant date and the 15 th day of the month prior to the month of the grant date. For example, May 1, 2024, grants will cover new hires starting between March 16, 2024 and April 15, 2024; and

• Annual incentive grants are made on or about the same day for all employees (including members of executive management); in each of 2024, 2023, and 2022 such date was February 20. The Committee sets the actual grant date approximately one week following approval of the size of each grant in order to provide management with adequate time to inform each employee individually of their grant.

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The following table sets forth information regarding outstanding equity awards as of December 31, 2024 for each NEO. All vesting is contingent upon their continued service with Align on the applicable vesting date. Market values and payout values in this table are calculated based on the closing market price of our common stock of $208.51 per share, as reported on the Nasdaq Global Select Market on December 31, 2024, which was the last trading day of the year.

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