Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 57

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 57
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 annual installments commencing on June 5, 2025 and PSUs granted on June 5, 2024 to Dr. Gitin vest in one installment on June 5, 2027.

(2) Represents the closing price of a share of our common stock on the grant date.

(3) Based upon the closing common stock price on December 31, 2024, the last trading day of 2024, which was $72.72 per share.

(4) The three-year PSU performance measurement periods end March 1, 2026 and 2025 for PSUs granted in 2023 and 2022, respectively. The PSUs granted in 2024 are eligible to be earned over a three-year performance period starting on January 1, 2024. The number of shares that can be earned ranges from 0% to 200% of the target number of PSUs based upon achievement of pre-determined performance metrics and the amounts presented above assume attainment of the threshold performance levels. See " 2024 Compensation of Named Executive Officers—Long-Term Incentives—Historical Performance of Performance-Based Stock Units " for more information on the vesting of PSUs granted in 2021 and 20.

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#### Executive Compensation Tables

#### Option Exercises and Stock Vested in 2024
The following table provides information on NEO stock option exercises and vesting of RSUs and PSUs during 2024. PSUs granted in 2021 were eligible to vest in March 2024. IPG performance fell below threshold for PSUs based on three-year relative TSR compared to the approved index, resulting in no shares paid out for such awards. For PSUs based on the ratio of operating cash flow to adjusted net income over a three-year performance period beginning January 1, 2021, IPG performance resulted in a distribution of common stock at 66.3% of target.

|                        |     | Option Awards |   |                 |                                 |   |         |     | Stock Awards |   |                 |                                |   |           |
| Name                   |     |               |   |       Number of 
 Shares Acquired 
     on Exercise 
             (#) | Value Realizedon Exercise($)(1) |   |         |     |              |   |       Number of 
 Shares Acquired 
      on Vesting 
             (#) | Value Realizedon Vesting($)(2) |   |           |
| Mark Gitin