Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1024

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1024
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    Kanishka Roy 
     20,000  
     250,000  
     270,000 
  
    Alan Black 
     20,000  
     250,000  
     270,000 
  
    Helder Antunes 
     20,000  
     250,000  
     270,000 
  
    Gary Cohen 
     20,000  
     250,000  
     270,000 

    (1)
    Consist
    of cash compensation paid to the directors for services as a director in 2024.

(2)As of December 31, 2024, the aggregate number of stock and option
awards held by each director was as follows:

●Douglas Maine holds 19,619 option awards and 81,116 RSU awards;

●Mr. Roy holds 81,116 RSU awards;

●Mr. Black holds 81,1186RSU awards;

●Mr. Antunes holds 81,1186 RSU awards; and

●Mr. Cohen holds 81,116 RSU awards.

    (3)
    Consists of grants of RSUs. Reflects the aggregate grant
    date fair value of any RSUs granted, determined in accordance with Financial Accounting Standards Board Accounting Standards Codification
    Topic 718, Compensation—Stock Compensation. Assumptions used in the calculation of this amount are included in Note 10,
    Stock Incentive Plans to the Consolidated Financial Statements included in the this Annual Report. This amount does not reflect
    the actual economic value that will ultimately be realized by each director.

75

Our non-employee director compensation
program provides for annual retainer fees and/or equity awards for our non-employee directors as summarized below. In 2024, non-employee
directors received an annual cash retainer of $20,000 and an equity award in the form of RSUs, as set forth above.

    Position  
    Annual
    Cash Retainer 
  
    Non-Executive Member of Board 
    $35,000 
  
    Audit Committee Chair 
     15,000 
  
    Other Audit Committee Member 
     7,500 
  
    Compensation Committee Chair 
     10,000 
  
    Other Compensation Committee Member 
     5,000 
  
    Nominating and Corporate Governance Committee
    Chair 
     7,500