Company: PGEN
Filing Date: 2025-05-06
Form Type: PRE 14A
Source: 0001140361-25-017535
Chunk: 52

Company: PRECIGEN, INC.
Filing Date: 2025-05-06
Form: PRE 14A
Chunk 52
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 executive should also increase as a percentage of total compensation. |

In addition, the Compensation Committee believes that the various elements of our compensation program effectively align compensation with performance measures that are directly related to our financial goals and creation of shareholder value without encouraging executives to take unnecessary and excessive risks.

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TABLE OF CONTENTS

Elements of Our Compensation Program The Compensation Committee utilizes a mix of compensation components, with the intent to make each component of total direct compensation competitive while also linking compensation to individual and corporate performance and encouraging stock ownership by our executive officers. The table below describes each compensatory element in our program and briefly explains how it promotes our objectives. We believe the combination of these elements provides an appropriate balance of rewards, incentives, and benefits to our executives and enables us to meet our desired compensation objectives, strengthen our ability to attract and retain highly qualified individuals, and to appropriately link pay to performance.

| Element of Compensation                |     | Description                                                                                                                                                                                                             |     | How This Element Promotes Our Objectives                                                                                                                                                                             |
| Annual Compensation                    |     |                                                                                                                                                                                                                         |     |                                                                                                                                                                                                                      |
| Base Salary                            |     | Fixed annual compensation that is certain in payment and provides continuous income.                                                                                                                                    |     | Aids in both recruitment and retention; designed to be competitive in the marketplace.                                                                                                                               |
| Annual Short-Term Incentive Awards     |     | Performance-based compensation for achieving goals and objectives.                                                                                                                                                      |     | Motivates and rewards achievement of annual corporate objectives by providing at-risk comprehensive pay opportunities linked to performance.                                                                         |
| Long-Term Compensation                 |     |                                                                                                                                                                                                                         |     |                                                                                                                                                                                                                      |
| Long-Term Equity Incentive Awards      |     | Generally, grants of options and/or RSUs that are part of our long-term incentive program; time-based vesting, generally over four years.                                                                               |     | Promotes retention, increases long-term equity ownership, and aligns executive and long-term shareholder interests by linking a portion of their compensation to changes in company stock price.                     |
| Performance-Based Awards               |     |                                                                                                                                                                                                                         |     |                                                                                                                                                                                                                      |
| Performance-based stock units          |     | Performance-based compensation granted in 2024 for achieving specific goals and objectives that are critical to long-term shareholder value.                                                                            |     | Motivates and rewards the achievement of specific performance measures by providing at-risk comprehensive pay opportunities linked to performance. Also aids in retaining key employees through critical milestones. |
| Other Compensation                     |     |                                                                                                                                                                                                                         |