IPG Photonics 2024 exec comp: CEO base flat at €800K, two NEOs get 5% raise, one-time LTI boost

IPG PHOTONICS CORP

CEO Eugene Scherbakov base salary unchanged at €800,000; two other NEOs (Mammen, Lopresti) also flat.
Trevor Ness and Alexander Ovtchinnikov received 5% base salary increases to $501,000 and $505,100 respectively.
Target bonus percentages unchanged (CEO 110%, others 80%) with same performance metrics (net sales, adj. EBIT, 50% each).
LTI awards split 50/50 between RSUs and PSUs; PSUs based equally on revenue CAGR and operating margin over three years.
Non-CEO NEOs granted a one-time additional LTI opportunity equal to 40% of their regular annual LTI award.

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