Company: INGN
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0000950170-25-045737
Chunk: 75

Company: Inogen Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 75
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resulting in a percentage achievement of 200%). Accordingly, the 2024 Incentive Plan funded at an aggregate weighted payout percentage of 200% of target. The actual amount of each eligible NEO’s payment under the 2024 Incentive Plan is also set forth in the “Non-Equity Incentive Plan Compensation” column in the Summary Compensation Table beginning on page 57.

Long-Term Incentive Compensation - Annual Equity Grants

We believe long-term incentive compensation is an effective means of focusing our executive officers, including the NEOs, on driving improved financial performance and increased stockholder value over a multi-year period, provides a meaningful reward for long-term value creation, and motivates them to remain employed with us.

This approach aligns the contributions of our executive officers with the long-term interests of our stockholders and allows them to participate in any future appreciation in our common stock.

In 2024, we determined long-term incentive compensation for Mr. K.R.M. Smith and Dr. Glezer as part of our annual compensation review and after considering a competitive market analysis, the recommendations of the Chief Executive Officer, the outstanding equity holdings of each executive officer, the projected impact of the proposed awards on our earnings, our Company performance and their contributions towards achieving performance, and the other factors described above. We did not benchmark long-term incentive compensation to any specific percentile.

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In February 2024, the Compensation Committee approved equity awards to our NEOs in the form of RSUs in the following amounts and on the following terms effective as of March 1, 2024 and April 4, 2024, although Mr. Bourque and Mr. K.P. Smith’s awards were effective as of each first date of employment, March 4, 2024 and July 22, 2024:

| Name                 |     | RSUs       
 Time-based |        |     | Performance-based(1) |        |     | Total Target Number of Shares Subject to RSUs |         |     | Equity Awards        
 (Aggregate Grant     
 Date Fair Value) ($) |           |
|:---------------------|:----|:-----------|-------:|:----|:---------------------|-------:|:----|:----------------------------------------------|--------:|:----|:---------------------|----------:|
| Kevin R.M. Smith     |     |            | 85,000 |     |                      | 85,000 |     |                                               | 170,