FARADAY FUTURE INTELLIGENT ELECTRIC INC.
For the period ended Jul 31, 2024. Filed Jul 5, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 31, 2024 · Filed Jul 5, 2024
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Contents
Director Compensation Table — Fiscal 2023
The following table sets forth certain information concerning compensation paid to each of FF’s non-employee directors during 2023. Mr. Aydt, Mr. Mok and Mr. Xuefeng Chen served in 2023 as directors and employees of FF; however, they did not receive any additional compensation for their service on the Board during 2023. Please see the “—Summary Compensation Table — Fiscal 2023” for the compensation received by Mr. Chen and Mr. Aydt during 2023. Due to an administrative error, the values previously reported in the Stock Awards column, as well as the Total column, in the Director Compensation Table included the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on May 28, 2024 were not correct. The Company filed a Form 10-K/A for the year ended December 31, 2023 on June 24, 2024 correcting this error. The table below reflects the corrected amounts.
| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($)(3) | Option Awards ($) | Total ($) |
|---|---|---|---|---|
| Chad Chen | 144,267 | 136,147 | — | 280,414 |
| Li Han(1)(2) | 27,603 | 74,000 | — | 101,603 |
| Adam (Xin) He(2) | 257,708 | 90,253 | — | 347,961 |
| Lev Peker | 14,712 | 41,918 | — | 56,630 |
| Jie Sheng(1) | 134,606 | 114,476 | — | 249,082 |
| Ke Sun(2) | 78,013 | 50,735 | — | 128,748 |
(1) Mr. Peker and Ms. Han were appointed to the Board effective August 4, 2023 and March 13, 2023, respectively.
(2) Mr. He resigned from the Board effective July 31, 2023. Ms. Sun resigned from the Board effective October 10, 2023. Ms. Han resigned from the Board effective June 9, 2024.
(3) The amounts reported in this column reflect the grant date fair value of time-based RSUs granted to the director during 2023 and are accounted for in accordance with FASB ASC Topic 718. For the assumptions used to value these awards, see Note 12 (Stock-Based Compensation) in the Notes to Consolidated Financial Statements in the 2023 Form 10-K. As of December 31, 2023, the non-employee directors held the following number of outstanding and unvested RSUs: Mr. Chen — 14,493; Ms. Han — 14,493; Mr. Peker —10,125; and Mr. Sheng — 14,493.
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