Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 53

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 53
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 was determined, then split between time-based RSUs and performance-based MSUs for non-CEO executive management and our CEO in the aforementioned ratios, each rounded down to the nearest whole share.

The target value of the equity awards granted to our NEOs is shown below, along with the number of shares granted, including the target number of shares under the MSUs. The realized value of the shares on vesting will deviate based on changes in our stock price on the dates of vesting over four years for our RSUs and the TSR of our stock as compared to the Nasdaq Composite Index on February 15 th of the third year after the original year of grant of our MSUs.

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The table below sets forth the target value and number of shares of common stock awarded to the NEOs in fiscal year 2024:

| Name             |     | Target Value 
 (RSUs)       |           |     | RSU      
 (Shares) |        |     | Target Value 
 (MSUs)(1)    |           |     | Target MSUs(1) 
 (Shares)       |        |
|:-----------------|:----|:-------------|----------:|:----|:---------|-------:|:----|:-------------|----------:|:----|:---------------|-------:|
| Joseph M. Hogan  |     | $            | 3,750,000 |     |          | 13,588 |     | $            | 8,750,000 |     |                | 31,707 |
| John F. Morici   |     | $            |   924,000 |     |          |  3,348 |     | $            | 1,876,000 |     |                |  6,798 |
| Emory Wright     |     | $            |   594,000 |     |          |  2,152 |     | $            | 1,206,000 |     |                |  4,370 |
| Julie Coletti    |     | $            |   660,000 |     |          |  2,391 |     | $            | 1,340,000 |     |                |  4,855 |
| Stuart Hockridge |     | $            |   462,000 |     |          |  1,674 |     | $            |   938,000 |