Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 14

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 14
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, equity swaps, collars and exchange funds) or otherwise engaging in transactions that are designed to or have the effect of hedging or offsetting any decrease in the market value of our stock; and engaging in limit orders or other pre-arranged transactions that execute automatically, except for same-day limit orders and approved 10b5-1 plans.

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Non-Employee Director Compensation and Benefits

The Company’s compensation package for non-employee directors is generally comprised of annual cash retainers and equity awards. The annual pay package is designed to attract and retain highly-qualified, independent professionals to represent the Company’s shareholders and reflect the Company’s position in the industry. There were no changes to the annual compensation package for non-employee directors for fiscal 2024. Actual annual pay varies among directors based on Board committee memberships and committee chair responsibilities. The Company has not adopted guidelines with respect to non-employee director ownership of common shares. Directors who are employees receive no additional compensation for their service on the Board.

Cash Compensation

Cash compensation for non-employee directors during fiscal 2024 consisted of the following:

| Type of Compensation                                                                  |     | Annual Amount ($) |        |
| Retainer for Board membership                                                         |     |                   | 55,000 |
| Retainer for Chairman of the Board                                                    |     |                   | 50,000 |
| Retainer for Chair of the Audit Committee                                             |     |                   | 20,000 |
| Retainer for Chair of the Compensation Committee                                      |     |                   | 15,000 |
| Retainer for Chair of the Nominating/Corporate Governance Committee                   |     |                   | 10,000 |
| Retainer for member of the Audit Committee other than Chair                           |     |                   | 10,000 |
| Retainer for member of the Compensation Committee other than Chair                    |     |                   |  7,500 |
| Retainer for member of the Nominating/Corporate Governance Committee other than Chair |     |                   |  5,000 |

Equity Awards

In fiscal 2024, each non-employee director received a grant of 27,500 restricted stock units (“RSUs”) on August 10, 2024, with a value of approximately $44,275. These RSUs vest on March 31, 2025, provided that the individual continues to serve as a director of the Company through that date.

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