3D SYSTEMS CORP, DEF 14A filed on 4/8/2026
Proxy Statement (definitive)
v3.26.1
Cover
12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name 3D SYSTEMS CORPORATION
Entity Central Index Key 0000910638
v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
 
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive Compensation Actually Paid (“CAP”) to our named executive officers (“NEOs”) and the Company’s financial performance. The Company does not use CAP as a basis for making compensation decisions, nor does it use the performance measures defined by the SEC for the Pay versus Performance table to measure performance for incentive plan purposes. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation Matters – Compensation Discussion and Analysis.”
Pay Versus Performance Table
 
 
               
    
Summary
Compensation
Table Total for
CEO
 
Compensation
Actually Paid
(“CAP”) to
CEO
         
Value of Initial Fixed $100
Investment Based On:
        
Year
 
Average
summary
compensation
table total for
non-CEO
named
executive
officers
(1)
 
Average
compensation
actually paid
to non-CEO
named
executive
officers
(2)
 
Total
Shareholder
Return
(3)
 
Peer Group
Total
Shareholder
Return
 
Net
Income
(in millions)
 
Adjusted
EBITDA
(in millions)
(4)
(a)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
                 
2025
    $ 1,487,950     $ (119,838 )       $831,687     $ 177,910       $ 17       $141       $ 29.9         $ (45.4)  
                 
2024
    $ 2,126,755     $ 3,420,597       $  888,183     $ 1,540,478       $ 37       $151       $ (256.9)         $ (66.4)  
                 
2023
    $ 6,535,630     $ 2,603,992       $1,706,156     $ 492,584       $ 62       $213       $ (362.7)         $ (26.3)  
                 
2022
    $ 5,687,163     $ (7,091,673 )       $1,636,419     $ (1,319,015 )       $ 86       $160       $(121.70)         $ (5.80)  
                 
2021
    $ 8,574,250     $ 15,609,540       $3,081,939     $ 5,899,487       $162       $227       $ 322.10          $ 56.10   
 
(1)
The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Reji Puthenveetil, Jeffrey Creech, Joseph Zuiker, Phyllis Nordstrom, and Charles Hull (ii) for 2024, Reji Puthenveetil, Jeffrey Creech, Joseph Zuiker, and Phyllis Nordstrom; (iii) for 2023, Michael Turner, Andrew Johnson, Menno Ellis, Reji Puthenveetil, Jeffrey Creech, and Phyllis Nordstrom; (iv) for 2022, Michael Turner, Andrew Johnson, Menno Ellis, Reji Puthenveetil, Jagtar Narula, and Wayne Pensky; and (v) for 2021, Andrew Johnson, Menno Ellis, Reji Puthenveetil, and Jagtar Narula.
 
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported herein. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the applicable NEO without restriction during the applicable year but rather are a valuation calculated under applicable SEC rules.
 
For purposes of the CAP calculation, there was no actuarial change in pension value or pension related adjustments to report. In addition, for purposes of the equity award adjustments shown below, there are no dividends or interest accrued to report.
 
(3)
TSR is determined based on the value of an initial fixed investment of $100. The peer group TSR represents TSR of the S&P SmallCap 600 Information Technology Index, which is the peer group used by the Company for purposes of Item 201(e) of Regulation S-K.
 
(4)
Adjusted EBITDA is the financial measure from the tabular list of 2025 Most Important Measures shown that, in the Company’s assessment, represents for 2025 the most important performance measure used to link compensation actually paid to our CEO and other NEOs to the Company’s performance. The Company selected this measure as the most important because adjusted EBITDA accounted for 50% of target annual bonus award opportunities for our NEOs in 2025. Adjusted EBITDA is defined on page 38 and is a non-GAAP financial measure.
 
       
                        
Add Equity Award Adjustments
 
                 
 Year
 
Executives
CEO
Other NEOs
 
Summary
 Compensation
Table (SCT)
Total for
Covered Year
 
Subtract Grant
Date Fair Value
of Awards as
Reported in
SCT for
Covered Year
 
 Add Covered 
Year-End
Value of
Awards
Granted in
Covered
Year and
Outstanding
and
Unvested as
of Covered
Year End
 
 Change
in Value as of
Covered
Year-End
(as
Compared to
Prior Year-End)

of Equity
Awards
Granted Prior
to Covered
Year and
Outstanding
and Unvested
as of Covered
Year End
 
Add, for
Awards Granted
and Vested
in the Covered
Year, Fair Value
as of Vesting
Date
 
Change
in Value as of
Vesting Date
(as Compared
to Prior
Year-End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered
Year
 
Subtract
Prior
Year-End
Value of
Equity
Awards
that
Failed
to Meet
Vesting
Conditions
During
Covered
Year
                 
 2025
      CEO     $ 1,487,950     $ (629,750 )     $ 523,139     $ (1,300,419 )     $ —      $ (200,757 )     $ — 
                 
 
 
      Other NEOs      $ 831,687     $ (359,901 )     $ 121,325     $ (281,688 )     $ —      $ (55,956 )     $ (77,556 )
                 
 2024
      CEO     $ 2,126,755     $ (1,252,062 )     $ 1,581,813     $ (843,813 )     $ —      $ (696,219 )     $ — 
                 
 
 
      Other NEOs      $ 888,183     $ (417,352 )     $ 2,117,339     $ (529,335 )     $ —      $ (590,763 )     $ — 
                 
 2023
      CEO     $ 6,535,630     $ (5,268,229 )     $ 2,094,393     $ (1,114,020 )     $ —      $ 356,218     $ — 
                 
 
 
      Other NEOs      $ 1,706,156     $ (1,300,976 )     $ 532,787     $ (273,623 )     $ —      $ (65,805 )     $ (105,956 )
                 
 2022
      CEO     $ 5,687,163     $ (4,765,861 )     $ 1,882,109     $ (7,695,443 )     $ —      $ (2,199,640 )     $ — 
                 
 
 
      Other NEOs      $ 1,636,419     $ (1,269,985 )     $ 456,106     $ (1,221,213 )     $ 14,940     $ (116,787 )     $ (818,495 )
                 
 2021
      CEO     $ 8,574,250     $ (6,378,719 )     $ 5,693,472     $ 5,445,859     $ —      $ 2,274,678     $ — 
                 
 
 
      Other NEOs      $ 3,081,939     $ (2,302,472 )     $ 2,022,950     $ 1,973,281     $ —      $ 1,224,538     $ (100,749 )
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote The names of each of the NEOs included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2025, Reji Puthenveetil, Jeffrey Creech, Joseph Zuiker, Phyllis Nordstrom, and Charles Hull (ii) for 2024, Reji Puthenveetil, Jeffrey Creech, Joseph Zuiker, and Phyllis Nordstrom; (iii) for 2023, Michael Turner, Andrew Johnson, Menno Ellis, Reji Puthenveetil, Jeffrey Creech, and Phyllis Nordstrom; (iv) for 2022, Michael Turner, Andrew Johnson, Menno Ellis, Reji Puthenveetil, Jagtar Narula, and Wayne Pensky; and (v) for 2021, Andrew Johnson, Menno Ellis, Reji Puthenveetil, and Jagtar Narula.        
Peer Group Issuers, Footnote TSR is determined based on the value of an initial fixed investment of $100. The peer group TSR represents TSR of the S&P SmallCap 600 Information Technology Index, which is the peer group used by the Company for purposes of Item 201(e) of Regulation S-K.        
PEO Total Compensation Amount $ 1,487,950 $ 2,126,755 $ 6,535,630 $ 5,687,163 $ 8,574,250
PEO Actually Paid Compensation Amount $ (119,838) 3,420,597 2,603,992 (7,091,673) 15,609,540
Adjustment To PEO Compensation, Footnote
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported herein. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the applicable NEO without restriction during the applicable year but rather are a valuation calculated under applicable SEC rules.
 
For purposes of the CAP calculation, there was no actuarial change in pension value or pension related adjustments to report. In addition, for purposes of the equity award adjustments shown below, there are no dividends or interest accrued to report.
                        
Add Equity Award Adjustments
 
                 
 Year
 
Executives
CEO
Other NEOs
 
Summary
 Compensation
Table (SCT)
Total for
Covered Year
 
Subtract Grant
Date Fair Value
of Awards as
Reported in
SCT for
Covered Year
 
 Add Covered 
Year-End
Value of
Awards
Granted in
Covered
Year and
Outstanding
and
Unvested as
of Covered
Year End
 
 Change
in Value as of
Covered
Year-End
(as
Compared to
Prior Year-End)

of Equity
Awards
Granted Prior
to Covered
Year and
Outstanding
and Unvested
as of Covered
Year End
 
Add, for
Awards Granted
and Vested
in the Covered
Year, Fair Value
as of Vesting
Date
 
Change
in Value as of
Vesting Date
(as Compared
to Prior
Year-End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered
Year
 
Subtract
Prior
Year-End
Value of
Equity
Awards
that
Failed
to Meet
Vesting
Conditions
During
Covered
Year
                 
 2025
      CEO     $ 1,487,950     $ (629,750 )     $ 523,139     $ (1,300,419 )     $ —      $ (200,757 )     $ — 
                 
 
 
      Other NEOs      $ 831,687     $ (359,901 )     $ 121,325     $ (281,688 )     $ —      $ (55,956 )     $ (77,556 )
                 
 2024
      CEO     $ 2,126,755     $ (1,252,062 )     $ 1,581,813     $ (843,813 )     $ —      $ (696,219 )     $ — 
                 
 
 
      Other NEOs      $ 888,183     $ (417,352 )     $ 2,117,339     $ (529,335 )     $ —      $ (590,763 )     $ — 
                 
 2023
      CEO     $ 6,535,630     $ (5,268,229 )     $ 2,094,393     $ (1,114,020 )     $ —      $ 356,218     $ — 
                 
 
 
      Other NEOs      $ 1,706,156     $ (1,300,976 )     $ 532,787     $ (273,623 )     $ —      $ (65,805 )     $ (105,956 )
                 
 2022
      CEO     $ 5,687,163     $ (4,765,861 )     $ 1,882,109     $ (7,695,443 )     $ —      $ (2,199,640 )     $ — 
                 
 
 
      Other NEOs      $ 1,636,419     $ (1,269,985 )     $ 456,106     $ (1,221,213 )     $ 14,940     $ (116,787 )     $ (818,495 )
                 
 2021
      CEO     $ 8,574,250     $ (6,378,719 )     $ 5,693,472     $ 5,445,859     $ —      $ 2,274,678     $ — 
                 
 
 
      Other NEOs      $ 3,081,939     $ (2,302,472 )     $ 2,022,950     $ 1,973,281     $ —      $ 1,224,538     $ (100,749 )
       
Non-PEO NEO Average Total Compensation Amount $ 831,687 888,183 1,706,156 1,636,419 3,081,939
Non-PEO NEO Average Compensation Actually Paid Amount $ 177,910 1,540,478 492,584 (1,319,015) 5,899,487
Adjustment to Non-PEO NEO Compensation Footnote
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported herein. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the applicable NEO without restriction during the applicable year but rather are a valuation calculated under applicable SEC rules.
 
For purposes of the CAP calculation, there was no actuarial change in pension value or pension related adjustments to report. In addition, for purposes of the equity award adjustments shown below, there are no dividends or interest accrued to report.
                        
Add Equity Award Adjustments
 
                 
 Year
 
Executives
CEO
Other NEOs
 
Summary
 Compensation
Table (SCT)
Total for
Covered Year
 
Subtract Grant
Date Fair Value
of Awards as
Reported in
SCT for
Covered Year
 
 Add Covered 
Year-End
Value of
Awards
Granted in
Covered
Year and
Outstanding
and
Unvested as
of Covered
Year End
 
 Change
in Value as of
Covered
Year-End
(as
Compared to
Prior Year-End)

of Equity
Awards
Granted Prior
to Covered
Year and
Outstanding
and Unvested
as of Covered
Year End
 
Add, for
Awards Granted
and Vested
in the Covered
Year, Fair Value
as of Vesting
Date
 
Change
in Value as of
Vesting Date
(as Compared
to Prior
Year-End) of
Equity
Awards
Granted
Prior to
Covered Year
that Vested
During
Covered
Year
 
Subtract
Prior
Year-End
Value of
Equity
Awards
that
Failed
to Meet
Vesting
Conditions
During
Covered
Year
                 
 2025
      CEO     $ 1,487,950     $ (629,750 )     $ 523,139     $ (1,300,419 )     $ —      $ (200,757 )     $ — 
                 
 
 
      Other NEOs      $ 831,687     $ (359,901 )     $ 121,325     $ (281,688 )     $ —      $ (55,956 )     $ (77,556 )
                 
 2024
      CEO     $ 2,126,755     $ (1,252,062 )     $ 1,581,813     $ (843,813 )     $ —      $ (696,219 )     $ — 
                 
 
 
      Other NEOs      $ 888,183     $ (417,352 )     $ 2,117,339     $ (529,335 )     $ —      $ (590,763 )     $ — 
                 
 2023
      CEO     $ 6,535,630     $ (5,268,229 )     $ 2,094,393     $ (1,114,020 )     $ —      $ 356,218     $ — 
                 
 
 
      Other NEOs      $ 1,706,156     $ (1,300,976 )     $ 532,787     $ (273,623 )     $ —      $ (65,805 )     $ (105,956 )
                 
 2022
      CEO     $ 5,687,163     $ (4,765,861 )     $ 1,882,109     $ (7,695,443 )     $ —      $ (2,199,640 )     $ — 
                 
 
 
      Other NEOs      $ 1,636,419     $ (1,269,985 )     $ 456,106     $ (1,221,213 )     $ 14,940     $ (116,787 )     $ (818,495 )
                 
 2021
      CEO     $ 8,574,250     $ (6,378,719 )     $ 5,693,472     $ 5,445,859     $ —      $ 2,274,678     $ — 
                 
 
 
      Other NEOs      $ 3,081,939     $ (2,302,472 )     $ 2,022,950     $ 1,973,281     $ —      $ 1,224,538     $ (100,749 )
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
As described in greater detail in “Executive Compensation Matters – Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our annual and long-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs for the most recently completed fiscal year to the Company’s performance are as follows:
 
 
Revenue
 
 
Adjusted EBITDA
 
 
Relative TSR (the Company’s TSR as compared to the 3DPRNT Index)
       
Total Shareholder Return Amount $ 17 37 62 86 162
Peer Group Total Shareholder Return Amount 141 151 213 160 227
Net Income (Loss) $ 29,900,000 $ (256,900,000) $ (362,700,000) $ (121,700,000) $ 322,100,000
Company Selected Measure Amount (45,400,000) (66,400,000) (26,300,000) (5,800,000) 56,100,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description The Company selected this measure as the most important because adjusted EBITDA accounted for 50% of target annual bonus award opportunities for our NEOs in 2025. Adjusted EBITDA is defined on page 38 and is a non-GAAP financial measure.        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative TSR (the Company’s TSR as compared to the 3DPRNT Index)        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (629,750) $ (1,252,062) $ (5,268,229) $ (4,765,861) $ (6,378,719)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 523,139 1,581,813 2,094,393 1,882,109 5,693,472
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,300,419) (843,813) (1,114,020) (7,695,443) 5,445,859
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (200,757) (696,219) 356,218 (2,199,640) 2,274,678
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (359,901) (417,352) (1,300,976) (1,269,985) (2,302,472)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 121,325 2,117,339 532,787 456,106 2,022,950
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (281,688) (529,335) (273,623) (1,221,213) 1,973,281
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 14,940 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (55,956) (590,763) (65,805) (116,787) 1,224,538
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (77,556) $ 0 $ (105,956) $ (818,495) $ (100,749)
v3.26.1
Recovery of Erroneously Awarded Compensation - Restatement Determination Date:: 2023-10-02
12 Months Ended
Dec. 31, 2025
Erroneously Awarded Compensation Recovery  
Restatement Determination Date Oct. 02, 2023
Erroneous Compensation Analysis Under the terms of this policy, following an accounting restatement of the Company’s financial statements, due to material noncompliance with any financial reporting requirement under securities laws, the Board or an appropriate Board committee must clawback any “excess compensation” received by an executive officer (current or former) during the applicable look-back period regardless of whether the executive officer engaged in misconduct or was otherwise directly or indirectly responsible for the accounting restatement. The Company will not indemnify any executive officer against the loss of any excess compensation as a result of the application of the clawback policy.
Aggregate Erroneous Compensation Not Yet Determined The Company will not indemnify any executive officer against the loss of any excess compensation as a result of the application of the clawback policy.
v3.26.1
Award Timing Disclosure
12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Considered false
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true