Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 93

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 93
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 | — |     |                   |       — |     |                          |         — |     |                                  |         — |
| Accelerated vesting(2)    |     |                     | — |     |                   |       — |     |                          |         — |     |                                  |   578,911 |

For purposes of the severance payments and continued health coverage benefit under the NEOs’ employment agreements, a qualifying termination of employment is considered “in connection with a change in control” if such termination occurs within the period commencing three months before and ending 12 months after a “change of control” (as defined in the NEO’s employment agreement). For purposes of the accelerated vesting under the 2023 Plan, a qualifying termination of employment is considered “in connection with a “change in control” if such termination occurs on or within 12 months after a change in control (as defined in the applicable plan).

For purposes of valuing accelerated vesting, the values indicated in the table are calculated as the $9.17 closing price of a share of our common stock on December 31, 2024, multiplied by the number of shares subject to the equity awards that are accelerated. Values indicated under the “Termination Without Cause or Resignation for Good Reason in connection with a Change in Control” column are in addition to the values indicated under the “Change in Control” column.

CEO Pay Ratio Disclosure

Pursuant to a mandate of the Dodd-Frank Act, the SEC adopted rules requiring annual disclosure of the ratio of the median employee’s total annual compensation to our CEO’s total annual compensation. For purposes of determining our CEO’s total annual compensation, we elected to use the total annual compensation of Mr. Smith, who was serving as our CEO on the date used to determine the median employee. For our last completed fiscal year, which ended December 31, 2024:

The median employee’s total annual compensation was $78,653. The median employee was determined based on the assumptions stated below.

Mr. Smith’s total annual compensation was $4,159,779.

Based on the above, for 2024, the ratio of Mr. Smith’s total annual compensation to the median employee’s total annual compensation of all employees was approximately 53 to 1.

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This pay ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K under the Securities Act of 1933, as amended (the “CEO