Ipg Photonics (IPGP) executive compensation, 2026 proxy

Mark Gitin, Chief Executive Officer, was paid $9.1M in 2025, up 35% from $6.7M the year before. The CEO-to-median-employee pay ratio was 162:1, on median employee pay of $56,164.

Filed
April 1, 2026
Annual meeting
May 12, 2026
Pay year
2025
Named executives
5
CEO total pay
$9.1M+35% vs prior year
CEO to median employee
162:1median $56,164
CEO pay in equity
77%$7M in awards
Prior say-on-pay support
96%of votes cast
CEO Target Compensation At Risk
90%CEO compensation linked to performance and stock
Other NEOs At Risk Pay
78%Average for other named executive officers
Revenue
$1.004BFiscal year 2025 net sales
Cash Returned
$50MReturned to stockholders via share repurchases

How Gitin was paid

$9.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary10%Stock awards77%Non-equity incentive13%All other compensation0%

Named executive officers

ExecutiveTotal
Mark GitinChief Executive Officer$9,071,490
Timothy MammenChief Financial Officer and Senior Vice President$3,043,607
Trevor NessSenior Vice President, Chief Revenue Officer$2,648,419
Angelo LoprestiSenior Vice President, General Counsel and Secretary$2,574,681
Paulus BucherSenior Vice President, Global Operations$1,181,804

What changed and why

  • $9.1MCEO total compensation increased to $9,071,490 in 2025 following a partial year of service in 2024.
  • $1.004BNet sales increased by 3% in 2025 to reach $1.004 billion compared to the prior year.
  • 90%Approximately 90% of the total direct target compensation for the CEO in 2025 was at risk.
  • 96%Over 96% of votes cast approved executive compensation at the 2025 annual meeting of stockholders.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.