Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 43

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
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 to its composition, taking into account changes in both our business and the businesses of the companies in the peer group. For compensation decisions applicable to 2024, the Committee, with the assistance of Compensia, reviewed and approved a peer group chosen based on the following selection criteria:

• Industry - medical device companies and technology companies, which are the industries which we primarily recruit from and compete with for executive talent;

• Market Capitalization - companies with a market capitalization between approximately $6.3 billion and $100.9 billion based upon the companies’ trading ranges at the time of selection which approximated 0.25 to 4.0 times our market capitalization at that time; and

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• Revenue - companies with revenue between approximately $1.2 billion to $11.1 billion based upon the last four quarters of revenue at the time of selection which approximated 0.3 to 3.0 times our rolling four quarters of revenues at that time.

As a result of its review of the foregoing criteria, the Committee elected to make no changes to the peer group for 2024. At the time of the Committee's assessment of potential peers performed in the second quarter of 2023, we compared to the 2024 peer group as follows:

|                            |     | Revenue ($B) |     | Market Capitalization ($B) |     | Market Capitalization as a Multiple of Revenue |
| Peer Group 50th Percentile |     |         $3.9 |     |                      $21.3 |     |                                            5.4 |
| Align                      |     |         $3.7 |     |                      $25.2 |     |                                            6.8 |
| Percentile Rank            |     |         45th |     |                       56th |     |                                           60th |

Based on its analysis and review of our existing peer group relative to the foregoing criteria and on the recommendation of our independent compensation consultant, our Compensation and Human Capital Committee elected to make no changes to the peer group. As a result, the Compensation and Human Capital Committee determined that the following peer group continued to constitute an appropriate comparative reference for determining executive management compensation for 2024:

| Performance Peers |     |                      |     |                    |     |                        |
|                   |     | Agilent Technologies |     | IDEXX Laboratories |     | Revvity                |
|                   |     | Avantor              |     | Illumina