Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 77

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 77
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50th percentile and from the 50th percentile to the 60th percentile of the TSR of the Comparison Group will vest based on linear interpolation of achievement. This award of performance-based RSUs will have a maximum payout of 120%.

The selection of TSR as the performance measure for these performance-based equity awards also represented a change from the design of our performance-based equity awards in prior years, which used revenue as the relevant performance measure. The Compensation Committee determined that the use of TSR as the performance measure for the 2024 performance-based equity awards would incentivize our executive officers to drive stockholder value of our business and thus more closely aligned with our strategic objective of transforming the Company.

Retirement, Welfare and Health Benefits

Our executive officers are eligible to participate in our employee benefit programs on the same basis as our other full-time employees. We sponsor a 401(k) plan, which is intended to qualify for favorable tax treatment under Section 401(a) of the Code. All of our employees, including the NEOs, are eligible to participate on the first day of the month following the date of hire. The 401(k) plan includes a salary deferral arrangement under which participants may elect to defer up to 80% of their current eligible compensation not to exceed the statutorily prescribed limit and have their compensation deferral contributed to the 401(k) plan.

Our health and welfare benefits include medical, dental and vision benefits, long-term disability insurance, basic life insurance coverage, health savings accounts, and accidental death and dismemberment insurance. We design our employee benefits programs to be affordable and competitive in relation to the market, and compliant with applicable

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laws and practices. We adjust our employee benefits programs as needed based upon changes in applicable laws and market practices.

Perquisites and Other Personal Benefits

We do not provide perquisites or other personal benefits to our executive officers, including the NEOs, except in situations where we believe it is appropriate to assist an individual in the performance of his or her duties, to make our executive officers more efficient and effective, and for recruitment and retention purposes.

During 2024, none of the NEOs received perquisites or other personal benefits for such individual. In the future, we may provide perquisites or other personal benefits in limited circumstances. All future practices with respect to perquisites or other personal benefits for executive officers will be approved and subject to periodic review by the Compensation Committee.

Severance Payments

We paid certain compensation to Dr. Gle