Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 61

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 61
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In the event of a change in control (as defined in our 2021 Plan), any unvested portion of an equity award granted to our non-employee directors will fully vest and, if applicable, become exercisable immediately prior to the effective date of such change in control, subject to the non-employee director’s continuous service with us on the effective date of the change in control.

Election to Receive Equity in Lieu of Cash Compensation

Each non-employee director may elect to receive fully vested RSU Awards in lieu of his or her cash compensation. Such RSU Awards are issued on a quarterly basis, in arrears, and the number of such restricted stock units is calculated by dividing (1) the aggregate amount of cash compensation otherwise payable to such director divided by (2) the closing sales price per share of our common stock on the last day of the fiscal quarter in which the service occurred, rounded down to the nearest whole share.

Notwithstanding the foregoing, any member of our board of directors that is entitled to the above compensation may elect to forego all or a portion of such compensation from time to time by giving notice to the Chief Legal Officer of the Company.

Stock Ownership Guidelines

On October 22, 2024, we established stock ownership guidelines to encourage our non-employee directors to retain a significant portion of their shares of our common stock. These stock ownership guidelines require our non-employee directors to hold shares of our common stock with an aggregate fair market value equal to or greater than five times their annual cash retainer for board service, excluding any additional cash compensation received for services on board committees or as lead independent director. This guideline is to be achieved over a five-year period, measured from the later of October 22, 2024, or the date the non-employee director is elected to the Board.

Non-Employee Director Compensation Table

The following table sets forth information regarding the compensation awarded to or earned for service on the board of directors by our non-employee directors during the year ended December 31, 2024. As NEOs, the compensation received by Mr. Chapman and Dr. Kim is shown above in the section titled “Executive Compensation—Summary Compensation Table.”

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| Name             |     | Fees Earned 
 or Paid in  
 Cash ($)    |        |     | Option       
 Awards(1)(2) 
 ($)          |         |     | Stock     
 Awards(2) 
 ($)       |         |     | Total