Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 36

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 36
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 date fair value of $146,247 ; and (iii) Dr. Shamsunder received 18,815 Restricted Stock Units with a grant date fair value of $207,718 . Each award of Restricted Stock Units vested immediately in full upon grant on March 14, 2025.

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Equity Incentive Compensation Our equity-based incentive award grants are designed to facilitate the grant of cash and equity incentives to our qualified directors, employees (including our Named Executive Officers) and consultants and certain of our affiliates, and to enable us and certain of our affiliates to obtain and retain services of these individuals, which is essential to our long-term success. The goal of our long-term, equity-based incentive awards is to align the interests of our executives with the interests of our equity holders. To achieve this, we may use a combination of, among others, Options, Restricted Stock and Restricted Stock Units as incentive vehicles for long-term compensation. All three of these awards represent shares of our common stock, or the right to receive or purchase shares of our common stock, and we believe this stock ownership aligns the interests of our executives and other recipients with the interests of our equity holders. Because holders realize value from Options only if our value increases relative to the applicable strike price, we believe Options provide meaningful incentives to achieve increases in the value of our equity interests over time, thus further aligning the interests of our executives and other recipients of Options with the interests of our equity holders. All Options granted to Named Executive Officers pursuant to this component of our compensation strategy have carried a strike price that is the greater of (i) 110% of the 20-day trailing average market share price, and (ii) the fair market value of a share of our common stock at the time of the grant. In addition, because vesting of Options, Restricted Stock and Restricted Stock Units is based on continued service, equity-based incentives also foster the retention of our executives during the award vesting period. Our equity awards are granted pursuant to the Omnibus Plan Restricted Stock Units During 2024, the Compensation Committee approved grants of awards of Restricted Stock Units under the Omnibus Plan to the Named Executive Officers as detailed below: Mariam Sorond On March 15, 2024, Ms. Sorond received two grants of Restricted Stock Units: (i) 235,294 Restricted Stock Units, 1/4 of which vest ed on November 29 , 2024 , and 1/16 of which vest quarterly in substantially e qual install