Shaun Maguire - Director | Luminar Technologies, Inc./DE (LAZR) Executive Profile & Compensation

About Shaun Maguire

Shaun Maguire, PhD, age 39 (as of June 3, 2025), has served as an independent director of Luminar Technologies (LAZR) since 2021. He is a General Partner at Sequoia Capital with prior entrepreneurial and investing experience (co-founded Expanse/Qadium; former Partner at GV) and holds a PhD in Physics (Caltech), MS in Control & Dynamical Systems (Caltech), MS in Statistics (Stanford), and BA in Mathematics (USC) .

Past Roles

Organization	Role	Tenure	Committees/Impact
Expanse (Qadium)	Co-Founder & Chairman	2012–2020	Cybersecurity startup acquired by Palo Alto Networks
GV (Google Ventures)	Partner	2016–2019	Venture investments
Escape Dynamics	Co-Founder	2010–2015	Advanced propulsion concepts
DARPA (consultant)	Consultant	2011–2012	Defense innovation consulting
DRW	Algorithmic Trading Group (member)	2008	Quant trading experience

External Roles

Organization	Role	Public/Private	Notes
Sequoia Capital	General Partner	Private	Venture capital GP
Vise	Director	Private	Board seat
AMP Robotics	Director	Private	Board seat
Gather	Director	Private	Board seat
Knowde	Director	Private	Board seat

Board Governance

Director class and tenure: Class I director; current term runs to 2027; director since 2021 .
Independence: Board determined Maguire is independent under Nasdaq rules .
Committee assignments: Nominating & ESG Committee (member). Chair is Mary Lou Jepsen; committee met 3 times in 2024 .
Attendance: In 2024, each director attended at least 75% of aggregate Board and committee meetings; all directors then in office attended the last annual meeting of stockholders .
Board structure: Lead Independent Director role established (Matthew J. Simoncini as of Feb 19, 2025). Company is a “controlled company” under Nasdaq due to founder voting control, though it states it does not currently rely on controlled-company exemptions .

Fixed Compensation (Director)

Component	Detail	Amount/Frequency	Notes
Annual Board retainer (cash)	Non-employee director	$12,500 per quarter	No per-meeting fees
Committee chair fees	Audit / Comp & HCM / Nominating & ESG	$6,250 / $5,000 / $2,500 per quarter	Not applicable to Maguire (not chair)
Committee member fees	Audit / Comp & HCM / Nominating & ESG	$3,125 / $2,500 / $1,250 per quarter	Applies if serving; Maguire is on Nominating & ESG
Equity – annual grant	RSUs	$200,000 grant-date value	Vest at next annual meeting or 1-year anniversary
Equity – initial appointment grant	RSUs	$400,000 grant-date value	Vests in 3 equal annual installments
Cash-to-RSU election	Optional	Up to 100% of cash retainers	Per policy
Expense reimbursement	Travel/related	Reasonable costs reimbursed

2024 actual compensation (reported):

Name	Fees Earned or Paid in Cash ($)	Stock Awards ($)	Total ($)
Shaun Maguire, PhD	55,000	192,245	247,245
Notes: 8,216 RSUs granted on June 5, 2024 vested June 5, 2025; outstanding unvested RSUs at 12/31/2024 were 8,216 .

Performance Compensation (Director)

Performance-based pay: Not applicable for directors; annual and initial RSUs are time-based (no performance metrics). RSUs accelerate upon Change in Control per plan and director policy .

Other Directorships & Interlocks

Type	Company	Role	Potential Interlock/Conflict With LAZR
Public company boards	None disclosed	—	—
Private company boards	Vise; AMP Robotics; Gather; Knowde	Director	No LAZR related-party transactions disclosed involving these entities

Expertise & Qualifications

Technology and cybersecurity expertise; venture investing (Sequoia GP); prior founder/operator experience .
Advanced quantitative education (Caltech PhD; Caltech MS; Stanford MS; USC BA) .
Governance: Member, Nominating & ESG Committee with remit over governance guidelines, ESG oversight, board evaluations, and succession planning contributions .

Equity Ownership

As-Of Date	Beneficial Ownership (Class A)	% of Class A	Source
June 3, 2025	14,213 shares	<1%

Vested vs. unvested (director equity):

As of 12/31/2024, Maguire held 8,216 unvested RSUs that vested on 6/5/2025 .
Company policy prohibits hedging and pledging by directors (limited exceptions may be granted), supporting alignment with shareholders .

Recent Form 4 activity (shows alignment trend; reverse split 1-for-15 effective Nov 20, 2024 explains pre/post share counts):

Transaction Date	Type	Shares	Price	Post-Transaction Ownership	Source (SEC)
2025-07-03	Award (RSU)	61,576	0.00	75,789	https://www.sec.gov/Archives/edgar/data/1758057/000095017025094680/0000950170-25-094680-index.htm
2024-06-05	Award (RSU)	123,254	0.00	213,195	https://www.sec.gov/Archives/edgar/data/1758057/000095017024070944/0000950170-24-070944-index.htm
2023-09-29	Award	10,446	5.265	89,941	https://www.sec.gov/Archives/edgar/data/1758057/000120919123050905/0001209191-23-050905-index.htm
2023-06-07	Award (RSU)	31,855	0.00	79,495	https://www.sec.gov/Archives/edgar/data/1758057/000120919123036029/0001209191-23-036029-index.htm

Notes:

The June 5, 2024 grant of 8,216 RSUs (post-split) reported in the proxy equates to 123,254 pre-split RSUs on the Form 4 due to the November 20, 2024 1-for-15 reverse split (reverse split reference: plan and equity tables reflect post-split counts ).

Related-Party / Conflicts Review

Independence: Board affirms Maguire is independent under Nasdaq rules .
Related-party transactions: The Company’s 2025 proxy discloses related-party items involving certain executives’ family members; no transactions involving Shaun Maguire are disclosed .
Policies: Related-party transactions require Audit Committee approval; hedging and pledging by directors prohibited (with limited exceptions) .

Governance Assessment

Strengths
- Independent director with deep technology/cybersecurity and venture expertise; member of the Nominating & ESG Committee overseeing governance and succession processes .
- Clear director pay structure with modest cash retainer and equity largely time-based; annual $200k RSUs; no per-meeting fees; ability to convert cash to RSUs; awards subject to clawback under the plan; no tax gross-ups; no option repricing without shareholder approval .
- Company prohibits director hedging/pledging, reinforcing alignment .
- Board-level attendance threshold met (≥75% for all directors in 2024); all directors attended last annual meeting .
Watch items / potential red flags (board-level context)
- Controlled-company status due to founder voting control; the Company states it does not currently rely on Nasdaq controlled-company exemptions, but retains the right to do so, which could reduce certain governance safeguards if exercised .
- Board formed special committees (investigation and special transactions) with two new directors in Nov 2025, signaling elevated oversight needs; not specific to Maguire but relevant to overall governance environment .
Alignment signals
- Ongoing receipt/vesting of director RSUs and recent post-annual-meeting RSU award (July 2025) increased personal stake; beneficial ownership <1% of Class A as of June 3, 2025, consistent with other non-employee directors (see Form 4 sources listed above).

Director Compensation (Detail)

Year	Cash Fees ($)	Equity Awards ($)	Total ($)	Outstanding Unvested RSUs at YE
2024	55,000	192,245	247,245	8,216 (vested 6/5/2025)
Sources: .

Other Notes

Committee meeting volumes (context): Audit 12x; Compensation & HCM 7x; Nominating & ESG 3x during 2024 .
Board/committee self-evaluations conducted; Nominating & ESG oversaw process in 2025 for 2024 performance .

Overall: No disclosed related-party exposures involving Maguire; independence affirmed; active on governance/ESG committee; compensation mix is standard and reasonably aligned (cash retainer plus time-based RSUs). Controlled-company status remains a structural governance consideration at the board level .