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

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 14
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 6x his annual base salary, (ii) other executive management - 3x their annual base salaries and (iii) non-employee directors - $400,000.They each have five years after becoming subject to the guidelines to attain the requisite stock ownership. As of December 31, 2024, all such individuals were in compliance with these guidelines.(1) |
| Hedging, pledging, and other transactions         |     | We prohibit short sales, transactions in derivatives, pledging and hedging of our securities and holding our securities in margin accounts by directors, executive officers, and employees.                                                                                                                                                                                                                                                                    |
| Proxy Access                                      |     | An individual or a group of up to 20 stockholders owning at least 3% of our outstanding shares continuously for three years may nominate directors for election of up to the greater of two directors or 20% of our Board.                                                                                                                                                                                                                                     |
| Global Speak Up Policy                            |     | Our Global Speak Up Policy (“Speak Up Policy”) encourages current and former directors, employees and third-party business partners such as contractors, consultants, suppliers, distributors and even customers to voice their questions and concerns regarding conduct they believe in good faith to be inconsistent with the Code so that we may respond promptly, objectively, fairly, appropriately and without retaliation.                              |
| Cybersecurity Leadership                          |     | We employ a dedicated Chief Information Security Officer (“CISO”) responsible for enterprise-wide information security strategy and standards.                                                                                                                                                                                                                                                                                                                 |
| Corporate Social Responsibility  Leadership       |     | We maintain a Vice President of Human Resources, Employee Programs and Community Engagement that enables us to dedicate our time, talents, and resources to organizations and programs that make a positive difference in the lives of others.                                                                                                                                                                                                                 |

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(1) For purposes of this policy, “ownership” includes shares of our common stock directly held or held in trust for the benefit of such director, member of executive management or their family members living in the same household and shares of our underlying restricted stock units held directly, whether or not yet vested. “Ownership” does not include vested or unvested options to purchase our common stock or shares underlying unvested MSUs.

| Board Structure and Independence |

Our Board currently consists of ten directors. Our Board has determined that all Board members, other than our President and CEO, Mr. Hogan, are independent under the applicable rules of Nasdaq.

Our Board maintained four standing committees in 2024, an Audit Committee, a Compensation and Human