Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 789

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 2
Chunk 789
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 on at “at-will” basis.  However, our Compensation Committee did provide each of our NEOs with a Change in Control Severance Agreement that provides in the event of a defined change in control and a separation from service, also known as a “double trigger,” the NEO would be entitled to 1.5 times annual base pay and target bonus, prorated target bonus for the year in which the separation from service occurred, an acceleration of all granted but unvested equity awards, and paid health insurance premiums for 18 months from the separation of service.  In addition, in 2023, our Compensation Committee provided each of our NEOs with a retention agreement that provides each NEO with a lump sum payment equal to each NEOs respective annual base salary if the NEO remains employed by us and maintains satisfactory job performance through December 31, 2024.  Each of our NEOs satisfied the conditions required by the retention agreements and were paid the lump sum payment equal to each NEOs respective annual base salary.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

The following table sets forth the outstanding equity awards held by each of our NEOs as of December 31, 2024.

      Share-based awards  

      Equity incentive plan awards:  

      Equity incentive plan awards:  

      number of unearned shares, units or 

      market or payout value of unearned shares, 

      other rights that have not vested 

      units or other rights that have not vested 

      Name 
      
      (#) 

      ($)(1) 

      Matthew Fisch 

     84,374
     (2)
      
     $
     107,155

      Andrew S. Hughes 

     466
     (3)
      
     $
     592

     8,179
     (4)
      
     $
     10,387

     1,056
     (5)
      
     $
     1,341

     10,419
     (6)
      
     $
     13,232

      Conor B. Tierney 

     13,890
     (7)
      
     $
     17,640

     10,419
     (8)
      
     $
     13,232

     3,125
     (9)
      
     $
     3,969

      (1) 
      The value of each unvested restricted stock unit