Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 5

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 5
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       |     | ☑ |     | The Board recommends a voteFORProposal 2 |
|           |     | See page32                   |     |   |     |                                          |

#### 2024 Executive Compensation Highlights
As further discussed in Compensation Discussion and Analysis starting on page 33, the guiding principles of our executive compensation philosophy are pay-for-performance, accountability for annual and long-term performance, alignment with stockholders’ interests, and providing competitive pay to attract and retain executives. The 2024 compensation program for our named executive officers ("NEOs") had three primary components: annual base salary, annual cash incentives and long-term equity incentives. The amounts below illustrate the allocation of fiscal 2024 compensation components at target for our Chief Executive Officer ("CEO") and the average for our other NEOs (other than our former CEO) as a group. Because Dr. Gitin received a new hire bonus for 2024 with a fixed payout pursuant to the terms of his employment agreement, the amount of "at risk" compensation for Dr. Gitin for 2024 was lower than is typical for our CEO.

#### CEO

#### NEOs

#### Stockholder-Minded Compensation Practices
| PRACTICES WE EMPLOY                                                                      |     | PRACTICES WE AVOID                                                                               |
| üAlign our officer pay with performance                                                  
 üBalance annual and long-term incentives                                                 
 üUse long-term incentives to link executive pay to Company performance                   
 üCap on annual incentive compensation                                                    
 üAnnual risk assessment of compensation program                                          
 üIndependent compensation consultant                                                     
 üStock ownership requirements                                                            
 üClawbacks on executive compensation                                                     
 üAnti-pledging policy and anti-hedging policy applicable to all executives and directors |     | ûNo guaranteed annual incentive plan bonuses                                                     
 ûNo excise tax gross-ups for change in control payouts                                           
 ûNo excessive perquisites                                                                        
 ûNo single-trigger change in control payments or benefits                                        
 ûNo stock option repricing without stockholder approval                                          
 ûNo supplemental executive retirement plans, executive pensions or excessive retirement benefits |

6 NOTICE OF 2025 ANNUAL MEETING AND PROXY STATEMENT

#### Proxy Statement Voting Roadmap
| Proposal3 |     | Approval of the IPG Photonics Corporation 2025 Incentive 
 Compensation Plan                                        |     | ☑ |     | The Board recommends a voteFORProposal 3 |
|           |     | See page55                                               |     |   |     |                                          |

The primary goal of adopting