Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 37

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 37
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 compensation plan bonus payout that was paid via equity awards).

Mr. Chapman requested to not receive a grant in 2023, so that his intended grant value could be reserved to be used for the Company's other employees, limiting 2023 equity costs and dilution. In December 2024, when our compensation committee recommended, and our board of directors approved, a grant of performance-vesting equity, the grant to Mr. Chapman was in line with our equity compensation philosophy and intended to front-load the number of shares subject to his performance-vesting equity through 2026.

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In the future, we may introduce other forms of equity awards, as we deem appropriate, into our executive compensation program to offer our NEOs additional types of long-term incentive compensation that further the objective of aligning the recipient’s interests with those of our stockholders.

Finally, we offer executives health and welfare benefits that are available to our other employees, including medical, dental, vision, flexible spending accounts, life insurance and a 401(k) plan.

We have not adopted any formal policies or guidelines for allocating compensation between current and long-term compensation or between cash and non-cash compensation, although we use competitive market data and peer group comparisons to understand the competitive market framework for pay mix. Within this overall framework, our compensation committee reviews each component of executive compensation separately, and considers the value of each NEO’s compensation package as a whole and its relative value in comparison to our other NEOs.

Compensation-Setting Process

Role of Our Compensation Committee

Compensation decisions for our executives are made by our compensation committee. Currently, our compensation committee is responsible for reviewing, evaluating and approving the compensation arrangements, plans, policies, and practices for our NEOs, other than with respect to our President and Chief Executive Officer, with respect to whom compensation decisions are made by the board of directors.

For 2024, our compensation committee, after consulting with our management team and the committee's compensation consultant, established our corporate performance objectives and made decisions with respect to any base salary adjustment, and approved the corporate performance objectives and target annual incentive compensation opportunities and LTI awards for our executive officers, including our NEOs, other than our President and Chief Executive Officer, for the upcoming year.

Role of Management

In fulfilling its responsibilities, our compensation committee collaborates with members of our management team, including our President and Chief Executive Officer, Chief Financial Officer, Chief Legal Officer, and Chief People Officer. Typically, our management team (