Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 21

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 21
---
. We use this outreach to provide stockholders with timely, accurate, consistent and transparent information on our strategy, products and technology and business performance, as well as addressing issues expressed by our stockholders, sharing our underlying vision, the rationales for our compensation programs and the impact of Board oversight in key areas. |

I nput from stockholders, analysts and customers is shared internally, including with our Board and its committees, to be used in future strategic, operational, compensation and governance decisions, as appropriate. Feedback from the majority of stockholders with whom we spoke in 2024 was positive despite challenging macroeconomic conditions. Throughout our many discussions with stockholders, they remained engaged and willing to provide feedback and suggestions regarding our Board structure and composition, executive compensation practices, sustainability policies, human capital management, Board and CEO succession planning, executive management, governance, diversity and inclusion and other various topics of importance to them, including our strategy, financial model, business performance, competition, and guidance practices. While several stockholders offered suggestions for alternative ways to structure our executive management compensation program, including diversifying and enhancing our annual cash incentive compensation plan and long-term equity compensation components, none insisted that modifications were required.

<div align='center'>22</div>

| Meaningful Compensation and Governance Changes Reflects Stockholder Feedback |

In recent years, our Board, Nominating and Governance Committee, and Compensation and Human Capital Committee have carefully considered feedback from our stockholders and taken action where appropriate. Recent examples include the following:

| Appointment of New Board Members                                         |     | Appointing five new Board members since 2017, including two in 2023 that replaced two longer-tenured directors and increased the diversity of experiences and skills of our Board                                                                                                                                                                               |
| Adoption of Clawback Policy                                              |     | Adopting a clawback policy that provides for the recoupment of executive compensation in certain circumstances                                                                                                                                                                                                                                                  |
| Reduction of CEO Target Pay                                              |     | Reducing the target value of Mr. Hogan’s long term incentive grant by $1 million compared to 2023 and further reducing to it by an additional $1 million in 2025 (a reduction of approximately 15% over two years), to better align with stockholder expectations                                                                                               |
| Amendment of Bylaws                                                      |     | Amending our bylaws to include proxy access provisions and clarifying director nomination requirements. See “Board Composition and Refreshment” below for more information                                                                                                                                                                                      |
| Amendment of NGC Charter                                                 |     | Amending the charter