Summary
NVIDIA Corporation announced a significant addition to its Board of Directors with the appointment of Aarti Shah, effective November 9, 2020. This move brings new expertise to the company's leadership as it navigates the dynamic technology landscape. Investors should note that Ms. Shah's appointment is accompanied by standard equity and cash compensation arrangements as detailed in the filing.
Key Highlights
- 1Aarti Shah appointed to NVIDIA's Board of Directors on November 9, 2020.
- 2Ms. Shah received an initial equity grant of 426 restricted stock units (RSUs) vesting semi-annually over three years.
- 3She was also granted a pro-rated annual equity grant of 401 RSUs vesting fully on May 19, 2021.
- 4Ms. Shah will receive a pro-rated annual cash retainer of $42,300, starting November 9, 2020.
- 5An indemnity agreement has been entered into with Ms. Shah for her board service.