Company: NEOG
Filing Date: 2025-09-12
Form Type: DEF 14A
Source: 0000950170-25-114381
Chunk: 41

Company: NEOGEN CORP
Filing Date: 2025-09-12
Form: DEF 14A
Chunk 41
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 prior to filing that quarterly report (January 14, 2025) and the trading day immediately after filing that quarterly report (January 16, 2025).

| Name             |     | Grant Date |     | Number of Securities 
 Underlying the Award |        |     | Exercise Price 
 of the Award   
 ($/share)      |       |     | Grant Date Fair    
 Value of the Award |         |     | Percentage Change in the Closing Market Price between 1/14/2025 and 1/16/2025 |      |    |
|:-----------------|:----|:-----------|:----|:---------------------|-------:|:----|:---------------|------:|:----|:-------------------|--------:|:----|:------------------------------------------------------------------------------|:-----|:---|
| David H. Naemura |     | 1/16/2025  |     |                      | 45,150 |     | $              | 11.60 |     | $                  | 174,600 |     |                                                                               | (6.6 | )% |

Executive Compensation Clawback Policy The Company has an Incentive-Based Compensation Recovery Policy that requires the Company to recoup or otherwise recover certain incentive compensation paid to the Company's executive officers in the event of a restatement of the Company's financial statements. A copy of this policy was filed as an exhibit to our Annual Report on Form 10-K filed with the SEC on July 30, 2025. Consideration of Risk The Company believes the design of the Company’s executive compensation program provides an appropriate balance of incentives for executives and avoids inappropriate risks. The compensation program is balanced with a significant portion being variable, including long-term incentives to incentivize officers to remain with the Company. In an effort to promote a focus on the long-term, these compensation plans have elements that are only realizable upon completion of a three-year service requirement. The Company believes that these plans provide strong incentives to implement strategies that support long-term value creation while avoiding excessive risk-taking in the short term and any level of risk that these plans do encourage is not reasonably likely to have a material adverse effect on the Company. Performance goals are established to align with the Company’s overall risk framework and reflect a balanced mix of financial measures designed to avoid placing excessive weight on a single measure. The compensation mix also is balanced across cash payments and equity awards.

| Neogen Corporation | 2025 Proxy Statement | 38 |

#### Compensation Discussion and Analysis