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MedTech & Diagnostics

Inogen Executive Compensation (FY25)

INGN · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 11, 2026
157 figures on this page: 155 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Kevin R.M. Smith, Chief Executive Officer, President and Director, received $2,613,804 in total compensation for fiscal 2025, and the company reported a chief executive pay ratio of 35:1 for fiscal 2025, against median employee compensation of $74,060. The say-on-pay proposal drew 94.8% of votes cast including abstentions in favor at the meeting held June 5, 2026 for fiscal 2025. Companies named in the disclosed peer group include Alphatec Holdings, Inc., AngioDynamics, Inc., Artivion, Inc., AtriCure, Inc. and Axogen, Inc., among others. For fiscal 2025, the company reported 5 named executive officers.
Chief executive, fiscal 2025
◇
Kevin R.M. Smith
Latest say-on-pay support
=
June 5, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kevin Smith: $4,159,779 → $1,463,009 (64.8% lower)
Say-on-pay support: 90.8% → 94.8% (4.0 points higher)
CEO pay ratio: 53:1 → 35:1 (34.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Inogen's chief executive and what were they paid?
Kevin R.M. Smith, Chief Executive Officer, President and Director, received $2,613,804 in total compensation for fiscal 2025.
What was Inogen's say-on-pay result?
The say-on-pay proposal drew 94.8% of votes cast including abstentions in favor at the meeting held June 5, 2026 for fiscal 2025.
Which companies are in Inogen's peer group?
Companies named in the disclosed peer group include Alphatec Holdings, Inc., AngioDynamics, Inc., Artivion, Inc., AtriCure, Inc. and Axogen, Inc., among others.
What is Inogen's chief executive pay ratio?
The company reported a chief executive pay ratio of 35:1 for fiscal 2025, against median employee compensation of $74,060.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin R.M. Smith
Chief Executive Officer and President, Director
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin R.M. Smith
Chief Executive Officer and President, Director
◇◇◇—◇—◇◇
Michael Bourque
Former Executive Vice President, Chief Financial Officer, and Corporate Treasurer
◇◇◇—◇—◇◇
Gregoire Ramade
Executive Vice President, Chief Commercial Officer
◇———◇——◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin R.M. Smith
Chief Executive Officer, President and Director
◇—◇———◇◇
Michael Bourque
Former Executive Vice President, Chief Financial Officer, and Corporate Treasurer
Departed during or after this year
◇—◇—◇—◇◇
Jennifer Yi Boyer
Executive Vice President, Enterprise Enablement and Chief Human Resources Officer
◇—◇—◇—◇◇
Kevin Smith
Executive Vice President, General Counsel, Secretary and Business Development
◇—◇—◇—◇◇
Gregoire Ramade
Executive Vice President, Chief Commercial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Gregoire RamadeRSU◇——◇——◇
Gregoire RamadePSU◇—◇—◇—◇
Jennifer Yi BoyerPSU◇—◇—◇—◇
Jennifer Yi BoyerRSU◇——◇——◇
Kevin P. SmithPSU◇—◇—◇—◇
Kevin P. SmithRSU◇——◇——◇
Michael BourquePSU◇—◇—◇—◇
Michael BourqueRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jennifer Yi BoyerPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Kevin SmithRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Gregoire RamadeRSU◇◇——
PSU◇◇——
RSU◇◇——
Michael BourquePSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Elizabeth Mora
Board chair
◇◇————◇
Mira Sahney
◇◇————◇
Glenn Boehnlein
◇◇————◇
Mary Kay Ladone
◇◇————◇
Kevin King
◇◇————◇
Heather Rider
◇◇————◇
Thomas A. West
◇—————◇
Vafa Jamali and Kevin R.M. Smith served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alphatec Holdings, Inc. ATEC
  • AngioDynamics, Inc. ANGO
  • Artivion, Inc. AORT
  • AtriCure, Inc. ATRC
  • Axogen, Inc. AXGN
  • Bioventus, Inc. BVS
  • Inari Medical, Inc. NARI
  • iRhythm Technologies, Inc. IRTC
  • Kewaunee Scientific Corporation KEQU
  • LeMaitre Vascular, Inc. LMAT
  • Nevro Corporation NVRO
  • OraSure Technologies, Inc. OSUR
  • STAAR Surgical Company STAA
  • Tactile Systems Technology, Inc. TCMD
  • TransMedics Group, Inc. TMDX
  • Treace Medical Concepts, Inc. TMCI
  • ZimVie, Inc. ZIMV
  • Zynex, Inc. ZYXI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 5, 2026=◇◇◇
2024May 14, 2025=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Inogen disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Inogen sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
157 figures on this page: 155 cited to the filing that reported them, 2 calculated from figures it prints.
155 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001294133-26-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001294133-26-000009
    2025 Summary Compensation Table · CEO Pay Ratio Disclosure · Compensation Table · Director Compensation · and 2 more sections
  3. 0000950170-25-074437
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-25-045737
    Compensation Table
  5. 0000950170-24-045541
    Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “Inogen executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/INGN (accessed 2026).
Short form: data: Velarion
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MedTech & Diagnostics rankings

Chief executive pay — MedTech & DiagnosticsCEO pay ratio — MedTech & DiagnosticsSay-on-pay support — MedTech & Diagnostics

Peers Inogen discloses

The companies named in INGN's own disclosed peer group.

AngioDynamics, Inc.Artivion, Inc.AtriCure, Inc.Axogen, Inc.Bioventus, Inc.iRhythm Technologies, Inc.LeMaitre Vascular, Inc.STAAR Surgical CompanyTactile Systems Technology, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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