Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 35

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 35
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 goals. For 2024, the Compensation Committee determined that each Named Executive Officer’s performance bonus should be based on: m anagement of the Company’s profit and loss statement, with a focus on expense management; continued development of its PNT technologies; and activities in furtherance of optimization of its spectrum assets . Each Named Executive Officer has a target bonus opportunity calculated as a percentage of their annual base salary and may earn more or less than the annual target amount based on the Company’s achievement of the performance goals. For 2024, each Named Executive Officer’s target bonus percentage was as follows: for Ms. Sorond, 60%; for Mr. Gates, 4 5 %; and for Dr. Shamsunder, 50%. 2024 Bonus Determination For executive officers other than the Chief Executive Officer , the Compensation Committee solicits and considers such executive officers’ performance evaluations and recommendations submitted to the Compensation Committee by our Chief Executive Officer. In addition, the Compensation Committee conducts an evaluation of the performance of our Chief Executive Officer and determines any adjustments to her compensation as well as awards to be granted. In March 202 5 , Ms. Sorond reviewed the performance of Mr. Gates and Dr. Shamsunder for the fiscal y e ar 2024 and recommended a bonus payout to them to our Compensation Committee for approval. Following such recommendation, our Compensation Committee reviewed our corporate performance and Ms. Sorond’s performance against the previously-established goals and approved individual performance achievement payouts for each Named Executive Officer in the following amounts, which are reflected in the “Non-Equity Incentive Plan” column for Ms. Sorond and “Stock Awards” column for Mr. Gates and Dr. Shamsunder in the Summary Compensation Table above, as applicable. The Compensation Committee may determine, in its discretion, whether the annual performance-based bonuses to our Named Executive Officers are to be paid in the form of cash, Restricted Stock Units pursuant to the NextNav Inc. 2021 Omnibus Incentive Plan (the “Omnibus Plan”), or a combination of both cash and Restricted Stock Units. In March 2025, t he Compensation Committee determined that the annual performance-based bonus for the fiscal year 2024 for each of our Named Executive Officers , except for Ms. Sorond, should be paid 100% in the form of Restricted Stock Units : (i) Ms. Sorond received $330,000 in cash ; (ii) Mr. Gates received 13,247 Restricted Stock Units with a grant