Form 4: IonQ Director Cardillo Receives Stock Options and Restricted Stock Units
SEC Form 4 Filing
Director Robert T. Cardillo acquired stock options and restricted stock units in IonQ, Inc. on February 26, 2024.
Summary
- On February 26, 2024, Robert T. Cardillo, a director of IonQ, Inc., acquired 18,590 restricted stock units (RSUs) and stock options for 26,320 shares.
- The RSUs vest in three equal installments annually starting February 26, 2025, contingent upon continued service on the Board of Directors.
- The stock options, with an exercise price of $11.24, also vest in three equal installments annually starting February 26, 2025, subject to continued service on the Board.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices for board members, aligning their interests with the company's long-term success.
Positives
- The vesting schedule of the RSUs and stock options incentivizes continued service by the director on the Board of Directors.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the equity grants.
Industry Context
This is a standard practice for compensating and incentivizing board members in publicly traded companies, aligning their interests with those of shareholders.
Comparison to Industry Standards
- Equity compensation for board members is a common practice across the technology industry, including companies like Google (Alphabet Inc.) and Microsoft, where stock options and RSUs are frequently used.
- The vesting schedules, typically three to four years, are also standard to ensure long-term commitment from board members.
- The specific amounts and terms of equity grants vary widely based on company size, performance, and individual contributions.
Stakeholder Impact
- The equity grants align the director's interests with those of shareholders, incentivizing decisions that increase shareholder value.
- The vesting schedule encourages long-term commitment from the director.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Acquisition of RSUs and stock options. |
| 02/26/2025 | First vesting date for both RSUs and stock options, contingent on continued service. |
| 02/26/2034 | Expiration date for the stock options. |
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