Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 86

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 86
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 during the applicable year. Dr. Gapontsev’s “compensation actually paid” is the same as the total from the Summary Compensation Table because Dr. Gapontsev did not receive long-term incentive compensation because of his significant level of common stock ownership, which the independent directors believed provided him with sufficient incentives to act in the best long-term interest of our stockholders during the time he was an executive of the Company. In accordance with the requirements of Item 402(v) of Regulation S-K, the adjustments in the table below were made to Dr. Gitin and Dr. Scherbakov’s total compensation for 2024 to determine the compensation actually paid:

|                                                                                                                                                                             |     | 2024 |            |                |     |            |                       |
|                                                                                                                                                                             |     |      |            | Dr. Mark Gitin |     |            | Dr. Eugene Scherbakov |
| Total Compensation as reported in Summary Compensation Table ($)                                                                                                            |     |      |  6,700,825 |                |     |  6,099,458 |                       |
| Less: Fair value of equity awards granted during fiscal year ($)                                                                                                            |     |      | -4,999,759 |                |     | -4,994,479 |                       |
| Plus: Fair value of equity awards granted in current year—value at end of                                                                                                   
 year-end ($)                                                                                                                                                                |     |      |  2,889,253 |                |     |  2,897,883 |                       |
| Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year ($)                         |     |      |          — |                |     |   -428,401 |                       |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year ($) |     |      |          — |                |     | -3,166,092 |                       |
| Compensation Actually Paid ($)                                                                                                                                              |     |      |  4,590,319 |                |     |    408,369 |                       |

68 NOTICE OF 2025 ANNUAL MEETING AND PROXY STATEMENT

#### Pay Versus Performance
Equity Valuations: Stock option fair values are calculated based on the Black-Scholes option pricing model. Adjustments have been made to generate fair values as of each measurement date using