Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 57

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 57
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 $              | 43,215,551 |     | $                                            | 412,000 |     | $         |    412,000 |     | $         | 27,690 |     | $              | 43,215,551 |

(1) The amounts reported in the table above reflect the aggregate market value of the unvested shares of our common stock underlying outstanding restricted stock unit awards and stock options that would become vested on a qualifying termination. For the unvested stock options, the aggregate market value is computed by multiplying (i) the number of shares of our common stock underlying unvested and outstanding stock options as of December 31, 2024, that would become vested by (ii) the difference between $41.77 (the closing market price of our common stock on NYSE on December 31, 2024) and the exercise price of such option. For the restricted stock unit awards, the aggregate market value is computed by multiplying (i) the number of unvested shares of our common stock subject to outstanding restricted stock awards or outstanding restricted stock unit awards as of December 31, 2024, that would become vested by (ii) $41.77 (the closing market price of our common stock on NYSE on December 31, 2024). In accordance with the terms of the PSU awards granted to our NEOs, upon an “involuntary termination” of employment other than in connection with a “change in control” (as such terms are defined in the applicable award agreement) occurring on December 31, 2024, a pro-rated portion of the target number of PSUs will vest, subject to the applicable NEO executing a release of claims in favor of the Company. Upon an involuntary termination of employment within 12 months following a change in control, a pro-rated portion of the greater of target PSUs or the number of PSUs determined based on projected achievement of the performance metrics and satisfaction of the stock price hurdle would vest, subject to the applicable NEO executing a release of claims in favor of the Company. CEO Pay Ratio In accordance with SEC rules, we are providing the ratio of the annual total compensation of our CEO to the annual total compensation of our median employee (excluding our CEO). The 2024 annual total compensation of our CEO was $22,675,566. The 2024 annual total compensation of our median compensated employee was $247,429, and the ratio of these amounts was 92 to 1. We identified