Company: LASR
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001124796-25-000043
Chunk: 55

Company: NLIGHT, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 55
---
-K under the Securities Act, we are required to disclose the ratio of the annual total compensation of our median-compensated employee to the annual total compensation of our CEO.

We selected December 31, 2024, the last day of our fiscal year 2024, as the date on which to determine our median employee. In order to identify our median-compensated employee, we aggregated compensation for all of our world-wide employees as of December 31, 2024, as follows: Annual base salary for regular salaried employees, or hourly rate multiplied by the expected annual work schedule for regular hourly employees, plus target annual bonus or commission. Components of compensation paid in foreign currency were converted to U.S. dollars based on currency exchange rates as of December 31, 2024 (other than our CEO). We then ranked this compensation measure for all of our worldwide employees and identified the median employee. Our median-compensated employee on a worldwide basis is an Engineering Technician in the United States. The compensation of our median employee does not include certain company-provided benefits such as health insurance, life insurance or employee stock purchase plan.

For 2024, the annual total compensation for Mr. Keeney, from the Summary Compensation Table above, was $5,139,076, and the annual total compensation for our median-compensated employee was $80,801, resulting in an estimated pay ratio of approximately 64:1.

As noted above, Mr. Keeney's cash compensation for 2024 was $466,576. The Summary Compensation Table total for Mr. Keeney for 2024 includes the full value of an annual grant of time-based equity compensation that will be earned over three years, and the value of an annual grant of performance-based equity compensation that will be measured and earned in three years based on relative Total Shareholder Return, which is valued for purposes of the Summary Compensation Table and this pay ratio disclosure based on a Monte Carlo simulation of value at the time of the grant.

The pay ratio reported above is a reasonable estimate calculated in a manner consistent with SEC rules based on our internal records and the methodology described above. Because the SEC rules for identifying

<div align='center'>41</div>

the median compensated employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions that reflect their employee populations and compensation practices, the pay ratio reported by other companies may not be comparable