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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NVIDIA Corporation | NASDAQ:NVDA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
28.05 | 3.27% | 886.22 | 886.28 | 886.40 | 892.81 | 870.4001 | 877.47 | 39,833,866 | 00:59:55 |
NVIDIA CORPORATION
(Exact name of registrant as specified in its charter)
|
Delaware
|
0-23985
|
94-3177549
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
2701 San Tomas Expressway, Santa Clara, CA
(Address of principal executive offices)
|
95050
(Zip Code)
|
|
|
|
|
|
(1)
|
He will receive an annual base salary of $850,000;
|
(2)
|
Beginning with the Company’s fiscal year 2018, he will be eligible to receive annual incentive compensation targeted at $250,000 pursuant to a variable compensation plan adopted by the Company’s Compensation Committee;
|
(3)
|
He will receive an anniversary bonus of $450,000 on the one year anniversary of his employment start date, subject to his continued employment, which must be repaid to NVIDIA if he resigns or is terminated prior to his second anniversary of his employment;
|
(4)
|
He will receive a grant of Restricted Stock Units (RSUs) at a target value of $5,800,000. The number of RSUs granted will be determined by dividing $5,800,000 by the closing price of NVIDIA’s Common Stock on the day before grant (which will be the 6
th
business day of the month immediately following Mr. Teter’s employment start date), rounded to the nearest 100 RSUs. The RSUs will vest and be issued approximately over a four (4) year period, with 25% of the shares subject to the RSU being issued on March 21, 2018 and 6.25% of the shares subject to the RSU being issued every three months thereafter, on the third Wednesdays in March, June and September, and on the second Wednesday in December; provided in each case he remains employed with NVIDIA on each vesting/issuance date. The terms of the RSUs will be governed by the Amended and Restated NVIDIA Corporation 2007 Equity Incentive Plan, filed as Exhibit 10.1 to the Current Report on Form 8-K, filed with the Securities and Exchange Commission (the “SEC”) on May 23, 2016, and the form of RSU grant notice and RSU agreement filed as Exhibit 10.23 to the Quarterly Report on Form 10-Q for the quarterly period ended April 26, 2015, filed with the SEC on May 20, 2015;
|
(5)
|
He will be eligible to participate in the Amended and Restated NVIDIA Corporation 2012 Employee Stock Purchase Plan, which is filed as Exhibit 10.2 to the Quarterly Report on Form 10-Q for the quarterly period ended April 26, 2015 filed with the SEC on May 20, 2015; and
|
(6)
|
He will be eligible to participate in our comprehensive benefits programs.
|
Exhibit No.
|
|
Description
|
|
|
|
10.1
|
|
Offer Letter, dated December 16, 2016, between NVIDIA Corporation and Tim Teter
|
|
NVIDIA Corporation
|
Date: January 19, 2017
|
By: /s/ David M. Shannon
|
|
David M. Shannon
|
|
EVP, Chief Administrative Officer and Secretary
|
Exhibit No.
|
|
Description
|
|
|
|
10.1
|
|
Offer Letter, dated December 16, 2016, between NVIDIA Corporation and Tim Teter
|
1 Year NVIDIA Chart |
1 Month NVIDIA Chart |
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