Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 40

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 40
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Our compensation committee evaluates the competitiveness of our compensation programs by reference to our peer group, but our compensation committee does not benchmark with respect to any particular element of compensation. Executive Compensation Program Components The following describes each component of our executive compensation program, the rationale for each, and how the compensation amounts and awards were determined for 2024.

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Base Salary Base salary is the primary fixed component of our executive compensation program. We use base salary to compensate our NEOs for services rendered during the year and to ensure that we remain competitive in attracting and retaining executive talent. Our compensation committee reviews the base salaries of each NEO at least annually and adjusts as it determines to be reasonable and necessary to reflect the scope of an NEO’s performance, contributions, responsibilities, experience, prior salary level, position (in the case of a promotion), and market conditions. We typically establish the initial base salary of a NEO through arms-length negotiation at the time, after taking into consideration his or her position, qualifications, experience, salary expectations, and the base salaries of our other executives. Our compensation committee approved an increase to the base salaries of Mr. Kramer and Ms. Alameddine effective April 1, 2024. In December 2024, our board of directors increased Mr. Chapman's base salary effective January 1, 2025. The salary increases were to ensure the competitiveness of our compensation program compared to peer group proxy data provided by Meridian and related considerations including performance, experience, and internal equitability. Dr. Kim voluntarily resigned effective March 31, 2024, and received no salary increase during 2024. Our NEOs’ base salaries for 2024 were as follows:

| Named Executive Officer |     | 2023 Ending Base Salary |         |     | 2024 Ending Base