Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 173

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 11
Chunk 173
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 and Analysis-Long Term Incentives. For PSUs granted in 2024, the maximum number of PSUs that can be earned is two times the target number of PSUs and the values of the award at the grant date assuming the highest level of performance conditions will be achieved are $4,999,671, $2,262,317, $1,928,504, $1,869,006, $489,823, $4,994,393 and $1,944,416 for Dr. Gitin, Messrs. Mammen, Ness and Lopresti, and Drs. Samartsev, Scherbakov and Ovtchinnikov, respectively.

67

2024 Outstanding Equity Awards at Fiscal Year-End

Option Awards(1)Stock Awards(1)NameGrant DateSecurities Underlying Unexercised Options(#) ExercisableSecurities Underlying Unexercised Options(#) UnexercisableOption Exercise Price ($)(2)Option Expiration DateNumber of Shares or Units of Stock That Have Not Vested (#)Market Value of Shares or Units of Stock That Have Not Vested ($)(3)Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)(4)Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(4)Mark Gitin6/5/2024— — — 28,791 2,093,682 7,197 523,366 Timothy Mammen2/22/20186,642 — 239.72 2/22/2028— — — — 2/15/20198,654 — 154.88 2/15/2029— — — — 2/19/2021— — — 808 58,758 — — 2/18/2022— — — 1,902 138,313 — — 2/17/2023— — — 4,107 298,661 3,696 268,773 2/16/2024— — — 13,081 951,250 3,270 237,794 Trevor Ness2/22/20185,689 — 239.72 2/21/202