Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 68

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 68
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-------------|:----|:----------------|-------:|:----|:---------------|----------:|
| Joseph M. Hogan  |     |              |     |                 | 20,964 |     | $              | 6,572,843 |
| John F. Morici   |     |              |     |                 |  4,787 |     | $              | 1,500,868 |
| Emory Wright     |     |              |     |                 |  3,797 |     | $              | 1,190,473 |
| Julie Coletti    |     |              |     |                 |  3,289 |     | $              | 1,031,200 |
| Stuart Hockridge |     |              |     |                 |  2,970 |     | $              |   931,184 |

(1) Each number of shares reported represents the gross number of shares acquired by the NEO on the vesting date; however, because RSUs and MSUs are taxable to the individuals when they vest and are settled, the number of shares we issue to each of our NEOs is net of the amount of applicable withholding taxes due, which are paid by us on their behalf.

(2) The value realized on vesting equals the closing price per share of our common stock as reported on the Nasdaq Global Select Market on the vesting date multiplied by the gross number of shares acquired on vesting as described above in footnote 1.

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| Potential Payments Upon Termination or Change of Control |

Each of the tables in this section describes the potential payments upon termination or a change of control for our NEOs . All amounts are estimated based on an assumed triggering date of December 31, 2024, the closing sale price of our common stock of $208.51, on the Nasdaq Global Select Market on December 31, 2024, which was the last trading day of the year, and assuming maximum achievement of MSU performance requirements of 250% of target.

Mr. Hogan serves as our President and CEO pursuant to an employment agreement entered into on April 17, 2015. The employment agreement provides that Mr. Hogan is entitled to an annual target bonus of 150% of his base salary based upon the attainment of performance objectives agreed upon in each fiscal year and established by the Board.

The following table describes the potential payments upon termination or a change of control for Mr.