Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 24

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 24
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 restricted stock and a grant of 2,604 shares of restricted stock based on the pro-rated amount based on the number of days between their initial election and the prior annual meeting. These amounts represented the grant date fair value for the restricted stock granted to the indicated non-employee director in 2024, computed in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718 “Compensation—Stock Compensation,” excluding the effect of any estimated forfeiture. A summary of the assumptions we apply in calculating these amounts is set forth in the Notes to Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. As of December 31, 2024, there were no outstanding stock options held by any non-employee director. As of December 31, 2024, the total number of unvested restricted shares held by each non-employee director serving during at least part of 2024, including the shares granted as described above, was as follows: Ms. Alberti-Perez, 0; Ms. Anderson-Williams, 7,969; Ms. Cheston, 10,239; Mr. Dadlani, 3,555; Ms. Kool, 8,255; Mr. McIlwain, 10,239; Mr. Park, 9,141; Ms. Syrett, 0; and Mr. Walter, 0. |

| (3) | Ms. Alberti-Perez resigned, and her service ended on September 28, 2024. The 3,555 shares granted on June 7, 2024, were forfeited as of her resignation date. |

| (4) | Ms. Cheston and Mr. McIlwain were elected to the Board on September 30, 2024, and began service on October 1, 2024. |

| (5) | Ms. Syrett did not stand for reelection at the 2024 Annual Meeting, and her service ended on June 7, 2024. |

| (6) | Mr. Walter resigned, and his service ended on January 9, 2024. On that date, Mr. Walter entered into a Consulting Agreement with the Company and continued to provide advisory services through May 10, 2024. All 2024 fees were earned under the Consulting Agreement. |

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ELECTION OF DIRECT