Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 52

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 52
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 our business, the Committee excluded $73 million in expenses from our operating income of $608 million, resulting in an adjusted operating income of $681 million. Without these adjustments, the operating income component of the 2024 Bonus Plan would not have paid out. No adjustment was made to the net revenue component of the Bonus Plan. The thresholds for the 2025 Bonus Plan are based on our achieved results in 2024, including the as-adjusted operating income, and our 2025 Bonus Plan will not pay out unless we achieve results that are above those achieved in 2024, as-adjusted.

| Operating Income Adjustments                                 |     | Rationale                                                                                                                                             |
| –Excluded $37M in restructuring costs.                       |     | These restructuring costs are non-recurring items and meant to be margin accretive to the business by streamlining our go-forward operating expenses. |
| –Excluded $36M related to certain legal and tax settlements. |     | These costs resulted from the conclusion of multi-year legal disputes that are non-recurring and separate from the core operations of our business.   |

2024 Bonus Plan Individual Performance Factor Attainment

Our Compensation and Human Capital Committee determined that, for 2024, our executives continued to perform in line with expectations in the context of a difficult macroeconomic environment, and graded all our executives’ individual performance factor at target. As a result, the 2024 individual performance factor component of our Bonus Plan did not modify payouts determined under our financial multipliers.

#### 2024 Bonus Plan Results
The following chart shows attainment under our cash bonus plan for each of our executives. Our Compensation and Human Capital Committee did not exercise its discretion to increase or decrease the formulaic payout of our Bonus Plan.

| Name             |     | Target Incentive Award (as % of Base Salary) |     | Target Incentive Award |           |     | Company Multiplier |     | Individual Performance Factor |     | Actual Incentive Award |           |     | Actual Award as % of Target |
|:-----------------|:----|:---------------------------------------------|:----|:-----------------------|----------:|:----|:-------------------|:----|:------------------------------|:----|:-----------------------|----------:|:----|:----------------------------|
| Joseph M. Hogan  |     | 150%                                         |     | $                      | 2,100,000 |     | 98%                |     | 100%                          |     | $