Peter Chapman
Also at IONQ Inc
About
Peter Chapman has built an extensive career in the technology industry, holding leadership roles that span across major companies. He has contributed significantly as a former President at Media Arc, Inc. and as a Director of Engineering for Amazon Prime at Amazon, Inc., showcasing his proficiency in managing complex operations and guiding innovative projects.
At IONQ, his strategic vision helped steer the company through key transformative phases. Joining initially as a board member and executive in May 2019, he later assumed the full responsibilities as President & CEO in September 2021 following a pivotal business combination, demonstrating adaptability and forward-thinking leadership.
Throughout his career, his proven track record underlines his commitment to driving progress in the quantum computing landscape. His blend of technical expertise and executive acumen has positioned him as a prominent leader in the industry, inspiring confidence among stakeholders and setting a robust foundation for ongoing innovation.
$IONQ Performance Under Peter Chapman
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| IonQ | President & Chief Executive Officer | May 2019 - September 2021 | Legacy IonQ role; continued after business combination |
| IonQ | Board of Directors | May 2019 - September 2021 | Served as board member |
| Amazon.com, Inc. | Director of Engineering for Amazon Prime | September 2014 - May 2019 | N/A |
| Media Arc, Inc. | President | Prior to September 2014 | Specific dates not provided |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| 2024 Chapman Bonus | $10,000,000 | On or before December 31, 2024 | Subject to continued employment |
| Salary Increase | Increased from $505,000 to $700,000 | Effective for 2024 (annual salary update) | --- |
Performance Compensation
Performance Stock Unit (PSU) Grant Details
| Metric (Unit/Scale) | Value | Additional Details |
|---|---|---|
| Grant Date | December 16, 2024 | --- |
| Grant Date Fair Value (USD/share) | $18.41 | Weighted-average fair value; specific grant fair value for Peter Chapman not provided |
| Grant Date Stock Price (USD/share) | N/A | Specific stock price on grant date not provided |
| Performance Period | Until December 31, 2026 (or December 31, 2025 if accelerated) | Dependent on achievement of performance metrics; acceleration possible if maximum goals met |
| Performance Metrics | Technical (50%) & Financial (50%) | Each contributes 50% towards target opportunity |
| Achievement Range | 0% to 300% | Maximum cap at 300% performance equating to 358,764 shares |
| Stock Price Hurdle | Predefined share price threshold | 60-trading day average must meet threshold; if not, cap performance at 100% |
| Vesting Schedule | At conclusion of Performance Period | Vesting contingent on continuous service through the performance period; no interim vesting |
| Additional Conditions | None provided | No additional cash or equity incentives prior to 2027 |
No details provided on actual performance results leading to payouts.