IPG Photonics discloses 2023 executive compensation: CEO base salary up 7.1%, NEOs up 3.5%

IPG PHOTONICS CORP

CEO Eugene Scherbakov base salary increased 7.1% to €800,000; other NEOs received 3.5% increases.
2023 annual incentive plan targets: CEO target 110% of salary, other NEOs 80%; maximum payout up to 247.5% for CEO.
Long-term equity grants: 50% RSUs (3-year vest) and 50% PSUs tied to organic revenue CAGR and operating margin over 2023-2025.
Non-Employee Director Compensation Plan amended: non-executive Chair retainer increased from $70,000 to $80,000.
PSUs have threshold, target, and maximum; maximum payout 200% of target; performance period 2023-2025.

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