Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 60

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 60
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 aggregate fair market value as of the grant date equal to $400,000, with such value split equally between the RSU Award and Stock Option Award. Such grants vest over a three-year period, with one-third vesting on each anniversary of the grant date, such that the initial grants are fully vested on the third anniversary of the date of grant, subject to continuous service as members of the board of directors through such vesting date

Annual Grant

Pursuant to our current amended and restated non-employee director compensation policy, on the first business day following each annual stockholder meeting, each director who continues to serve as a non-employee member of the board of directors following such annual meeting of stockholders (or any non-employee director who is first appointed or elected by the board of directors at the annual meeting of stockholders) will be granted an RSU Award with an aggregate fair market value as of the grant date equal to $220,000.

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On the first business day following the annual stockholder meeting in 2024, each director who was serving as a non-employee member of the board of directors following such annual meeting of stockholders was granted an RSU Award with an aggregate fair market value as of the grant date equal to $200,000, pursuant to the non-employee director compensation policy then in effect.

The annual grants will vest in full on the earlier of (i) the date of the following year’s annual meeting of stockholders (or the date immediately prior to the next annual meeting of stockholders if the non-employee director’s service as a director ends at such annual meeting of stockholders due to the director’s failure to be re-elected or the director not standing for re-election), or (ii) the one-year anniversary measured from the date of grant, subject in all cases to continued service as a member of the board of directors through such vesting date.

The number of shares subject to each RSU Award granted pursuant to the initial grant or annual grant shall be the total RSU award value, divided by the average closing market price of our common stock over the 22 trading days ending the business day before the date of grant. The number of shares subject to each Stock Option Award granted pursuant to the applicable initial grants were determined using a Black-Scholes-Merton option pricing model based on the average closing market price of our common stock over the 22 trading days ending the business day before the date of grant.

Vesting Acceleration