Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 159

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 159
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     $
     157,083

     $
     59,485

     $
     216,568

      Luis C. Dussan 
      
     $
     141,667

     $
     -

     $
     141,667

      Prof. Dr. Bernd Gottschalk 
      
     $
     157,500

     $
     -

     $
     157,500

      Jonathon B. Husby 
      
     $
     129,167

     $
     37,753

     $
     166,920

      Sue E. Zeifman 
      
     $
     157,500

     $
     -

     $
     157,500

      (1) 
      Represents the aggregate grant date fair value of stock awards granted, computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation—Stock Compensation (“FASB Topic 718”). The stock awards granted in 2024 consisted of grants of restricted stock units (“RSUs”) granted pursuant to our 2021 Equity Plan (as defined below). For the first and second quarters of 2024, Mr. Dunn elected to receive all of his cash compensation for Board service in the form of immediately vested equity and received 13,585 shares on January 1, 2024, and 21,335 shares on April 1, 2024. For the first and second quarters of 2024, Mr. Husby was only entitled to immediately vested equity for his Board service compensation and received 10,655 shares on January 1, 2024 and 10,040 shares on April 1, 2024. 

Director Compensation in 2024

All of our non-employee directors are compensated for their services in accordance with our non-employee director compensation policy that became effective in connection with the closing of the Business Combination and as modified from time to time thereafter, as described in further detail below.

Mr. Fisch, as an employee director, does not receive any additional compensation for his services as a director.

Non-Employee Director Compensation Policy

Cash Compensation 

Each non-employee director is eligible to receive the following cash compensation (as applicable) for his or her service on our Board of Directors and its committees:

      • 
      $50,000 annual cash retainer for service as a Board member, plus, effective as of August 2024, Board members receive an additional $175,000