Summary by Futu AI
NVIDIA Corporation, a leading technology company, announced the appointment of Dr. Ellen Ochoa to its Board of Directors on November 7, 2024. With the addition of Dr. Ochoa, the Board has expanded from twelve to thirteen members. Dr. Ochoa is also expected to join the Nominating and Corporate Governance Committee. As part of her appointment, she will receive an initial equity grant of 1,848 restricted stock units and a pro-rated annual equity grant of 1,321 units, both vesting over three years, with the latter vesting on May 21, 2025. Furthermore, Dr. Ochoa will receive a pro-rated annual cash retainer of $53,800, starting from the date of her appointment. NVIDIA has also entered into an indemnity agreement with Dr. Ochoa in relation to her Board service. The relevant documents regarding the equity plan and indemnity agreement have been filed with the SEC as part of NVIDIA's regulatory compliance.