Company: IONQ
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0000950170-25-059289
Chunk: 59

Company: IonQ, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 59
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Prior to amending and restating the non-employee director compensation policy in October 2024, the lead independent director received an annual base retainer of $45,000 and each other non-employee director received an annual base retainer of $30,000. In addition, the chair of our compensation and nominating and corporate governance committees received an additional annual retainer of $12,000 and $8,000 respectively. No other director service cash compensation amounts were changed when the non-employee director compensation policy was amended and restated in October 2024. The directors were paid cash compensation from January 1, 2024, through October 21, 2024, pursuant to the non-employee director compensation policy then in effect, and were paid cash compensation from October 22, 2024, through December 31, 2024, pursuant to the amended and restated non-employee director compensation policy currently in effect.

These retainers are payable in arrears in four equal quarterly installments on the last day of each quarter, provided that the amount of such payment will be prorated for any portion of such quarter that the director is not serving on the board of directors or the applicable committee or board leadership role. We also reimburse each of our directors for their travel expenses incurred in connection with their attendance at meetings of the board of directors and committees.

Equity Compensation

Initial Grant

Each newly appointed or elected director (excluding any non-employee director who is first appointed or elected by the board of directors at the annual meeting of stockholders) receives an initial grant of restricted stock units (“RSU Award”) with an aggregate fair market value as of the grant date equal to $220,000.

The initial grant will be pro-rated to reflect the time between such director's election or appointment date and the date of the previous annual meeting of stockholders.

The initial grants vest in full on the earlier of (i) the date of the next occurring annual meeting of the stockholders or (ii) the one-year anniversary of the day after the previous year's annual meeting of the stockholders, subject to continuous service as a member of the board of directors through such vesting date.

In February 2024, two new directors were appointed to our board of directors. Upon appointment to the Board, they received initial grants pursuant to the non-employee director compensation policy then in effect, which were comprised of a RSU Award and an option to purchase shares of common stock (“Stock Option Award”) with an