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IPG Photonics Executive Compensation (FY25)

IPGP · Marlborough, MA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mark Gitin
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 15, 2026
10 filings cited on this page
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IPG Photonics brief$1,500Get the executive brief
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259 figures on this page: 253 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
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 — Mark Gitin: $6,700,825 → $9,071,490 (35.4% higher)
CEO pay ratio: 167:1 → 162:1 (3.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is IPG Photonics' chief executive and what were they paid?
Mark Gitin was paid $9,071,490 in total compensation as Chief Executive Officer for fiscal 2025. Gitin's total was 35.4% higher than the $6,700,825 reported for fiscal 2024.
What was IPG Photonics' say-on-pay result?
Shareholders recorded 71.7% support for the say-on-pay proposal at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in IPG Photonics' peer group?
The disclosed peer group names Advanced Energy Industries, Inc., Albany International Corp., Allegro MicroSystems, Inc., Barnes Group, Inc. and Cognex Corporation, among others.
What is IPG Photonics' chief executive pay ratio?
The company reported a chief executive pay ratio of 162:1 for fiscal 2025, against median employee compensation of $56,164.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eugene Scherbakov
Chief Executive Officer
◇—◇—◇—◇◇
Timothy Mammen
Chief Financial Officer and Senior Vice President
◇—◇—◇—◇◇
Angelo Lopresti
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Alexander Ovtchinnikov
Senior Vice President, Chief Technology Officer
◇—◇—◇—◇◇
Felix Stukalin
Senior Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Eugene Scherbakov
Chief Executive Officer
◇—◇—◇—◇◇
Timothy Mammen
Chief Financial Officer and Senior Vice President
◇—◇—◇—◇◇
Angelo Lopresti
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Alexander Ovtchinnikov
Senior Vice President, Chief Technology Officer
◇—◇—◇—◇◇
Trevor Ness
Senior Vice President, Sales and Strategic Business Development
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Gitin
Chief Executive Officer
◇◇◇———◇◇
Eugene Scherbakov
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Timothy Mammen
Chief Financial Officer and Senior Vice President
◇—◇—◇—◇◇
Trevor Ness
Senior Vice President, Sales and Strategic Business Development
◇—◇—◇—◇◇
Angelo Lopresti
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Alexander Ovtchinnikov
Former Senior Vice President, Chief Technology Officer
Departed during or after this year
◇—◇———◇◇
Igor Samartsev
Senior Vice President, Chief Scientist
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark Gitin
Chief Executive Officer
◇—◇—◇—◇◇
Timothy Mammen
Chief Financial Officer and Senior Vice President
◇—◇—◇—◇◇
Trevor Ness
Senior Vice President, Chief Revenue Officer
◇—◇—◇—◇◇
Angelo Lopresti
Senior Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Paulus Bucher
Senior Vice President, Global Operations
◇—◇—◇——◇
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
Angelo LoprestiPSU◇◇◇—◇—◇
Angelo LoprestiRSU◇——◇——◇
Mark GitinPSU◇◇◇—◇—◇
Mark GitinRSU◇——◇——◇
Paulus BucherRSU◇——◇——◇
Paulus BucherPSU◇◇◇—◇—◇
Timothy MammenPSU◇◇◇—◇—◇
Timothy MammenRSU◇——◇——◇
Trevor NessRSU◇——◇——◇
Trevor NessPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
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
Mark GitinRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Trevor NessRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Paulus BucherPSU◇◇——
RSU◇◇——
Angelo LoprestiRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Timothy MammenPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Angelo Lopresti
Senior Vice President, General Counsel and Secretary · Terms as announced by the company · citing a 2025 filing
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Timothy Mammen
Chief Financial Officer and Senior Vice President · Terms as announced by the company · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Trevor Ness
Senior Vice President, Chief Revenue Officer · Terms as announced by the company · citing a 2025 filing
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Peeler
Board chair
◇◇————◇
Gregory Dougherty
◇◇————◇
Jeanmarie Desmond
◇◇————◇
Gregory Beecher
◇◇————◇
Eric Meurice
◇◇————◇
Kolleen Kennedy
◇◇————◇
Agnes Tang
◇◇————◇
Natalia Pavlova
◇◇————◇
Michael Child
◇—————◇
Mark Gitin 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.
Earlier years are included in the PDF.
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◇
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.
Stock ownership guideline: 5x annual cash Board retainers

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Advanced Energy Industries, Inc. AEIS
  • Albany International Corp. AIN
  • Allegro MicroSystems, Inc. ALGM
  • Barnes Group, Inc. B
  • Cognex Corporation CGNX
  • Coherent Corp. COHR
  • Enerpac Tool Group Corp. EPAC
  • FormFactor, Inc. FORM
  • Graco, Inc. GGG
  • Kadant Inc. KAI
  • Littlefuse, Inc. symbol not shown
  • Lumentum Holdings Inc. LITE
  • MKS Instruments, Inc. MKSI
  • Nordson Corporation NDSN
  • Novanta, Inc. NOVT
  • Onto Innovation Inc. ONTO
  • OSI Systems, Inc. OSIS
  • Standex International Corporation SXI
  • Watts Water Technologies, Inc. WTS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023June 18, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2019May 28, 2020=◇◇◇
2016June 1, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Mark Gitin (Chief Executive Officer), FY2025 total compensation $9,071,490 (base salary $879,423) [exec_comp, SEC accession 0001111928-26-000085, filed 2026-04-01]

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What this page does not include

Everything above is a fact IPG Photonics disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where IPG Photonics 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.
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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.
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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.
259 figures on this page: 253 cited to the filing that reported them, 6 calculated from figures it prints.
253 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001111928-26-000120
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001111928-26-000085
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Summary Compensation Table
  3. 0001111928-25-000106
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001111928-25-000054
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001111928-24-000099
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001111928-24-000077
    Summary Compensation Table
  7. 0001111928-23-000113
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001111928-23-000071
    Summary Compensation Table
  9. 0001111928-20-000102
  10. 0001111928-17-000126
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “IPG Photonics executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/IPGP (accessed 2026).
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The IPG Photonics brief, $1,500

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From $499 for the board report; $2,400 for both.
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10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers IPG Photonics discloses

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

Advanced Energy Industries, Inc.Albany International Corp.Allegro MicroSystems, Inc.Barnes Group, Inc.Cognex CorporationCoherent Corp.Enerpac Tool Group Corp.FormFactor, Inc.Graco, Inc.Kadant Inc.Lumentum Holdings Inc.MKS Instruments, Inc.Nordson CorporationNovanta, Inc.Onto Innovation Inc.OSI Systems, Inc.Standex International CorporationWatts Water Technologies, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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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