IonQ awards CEO Peter Chapman $20M in cash bonuses, 119K PSU target, salary increase to $700K

IonQ, Inc.

PSU target of 119,588 shares (max 358,764) tied to 50% technical and 50% financial goals; performance period ends Dec 31, 2026.
$10M cash bonus for 2024 payable by Dec 31, 2024; $10M cash bonus for 2025 payable by Dec 31, 2025.
Annual salary raised from $505,000 to $700,000; no additional cash or equity incentives contemplated before 2027.
Stock price hurdle: if 60-trading day average close < pre-defined threshold, max PSU limited to target (100%).
Awards designed to retain Chapman, reward 2024 leadership, and align CEO incentives with long-term shareholder returns.

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