Company: VEEAW
Filing Date: 2025-12-04
Form Type: DEF 14A
Source: 0001213900-25-118382
Chunk: 39

Company: VEEA INC.
Filing Date: 2025-12-04
Form: DEF 14A
Chunk 39
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 |             |     3,306 |     |               | 0 |     |                               | 0 |     |          | 9.01 |     | 5/10/24    |

| (1) | All                                                 
 equity awards held by Mr. Salmasi are fully vested. |

| (2) | All                                               
 equity awards held by Ms. Smith are fully vested. |

| (3) | All                                                 
 equity awards held by Mr. Tubinis are fully vested. |

26 Narrative Disclosure to Summary Compensation Table Base Salaries In 2024 and 2023, as applicable, the named executive officers received annual base salaries to compensate them for services rendered to the Company. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities. In 2023 the annual base salaries of Ms. Smith, Mr. Tubinis and Mr. Michael Salmasi were $250,000, $210,000 and $240,000, respectively and remained unchanged in 202. Mr. Allen Salmasi did not receive an annual salary in 2023 and 2024. Cash Bonuses In 2023 and 2024 we did not have any formal arrangements with our named executive officers providing for annual cash bonus awards. Ms. Smith received a discretionary cash bonus in 2024, as discussed below. CEO Equity Award On December 30, 2024, the Board approved an equity award to Mr. Salmasi in the form of a non-qualified stock option to purchase 2,992,475 shares of common stock for an exercise price per share of $3.89, which was the fair market value of a share of common stock on the grant date. The award was fully vested and exercisable at the time of grant and expires December 30, 2028. The award was made in recognition of Mr. Salmasi’s exceptional performance and contributions to the Company and its subsidiaries. 2024 Special Bonus to Ms. Smith On November 11, 2024, the Compensation Committee approved a discretionary special cash bonus in the amount of $40,000 to Ms. Smith, for her exceptional performance in fiscal year 2024. The special bonus was paid, less applicable tax withholdings in December 2024. Equity Compensation Veea maintains the Veea Inc. 2024 Incentive Award Plan (the “ 2024 Incentive Plan”), which