Foreign Private Issuer compensation summary
Baidu, Inc. reports as a Foreign Private Issuer. Instead of a standard executive pay table, the annual report provides narrative disclosure of executive compensation. Key excerpts are summarized below.
Item 6.B. Directors, Senior Management and Employees — Compensation
Fiscal year 2024
- In 2024, Baidu paid an aggregate of RMB49 million (US$7 million) in cash compensation and granted 4,095,056 restricted Class A ordinary shares to executive officers as a group.
- Non-executive directors received approximately RMB1.4 million (US$194 thousand) in cash compensation and 173,072 restricted Class A ordinary shares as a group.
- No individualized compensation was disclosed for any named executive.
- No pension, retirement, or severance benefits are provided beyond statutory requirements under mainland China law.
- Share incentive plans: 2000 plan (expired), 2008 plan (expired), 2018 plan, and 2023 plan. As of Dec 31, 2024, options for 51,365,032 shares and 374,855,920 restricted shares had been granted.
Key figures
- aggregate_executive_cash
- $7,000,000
- aggregate_director_cash
- $194,000
Item 6.C. Directors, Senior Management and Employees — Board Practices
Fiscal year 2024
- Board consists of 6 members: Robin Yanhong Li (Chairman/CEO), James Ding, Yuanqing Yang, Jixun Foo, Sandy Ran Xu, Xiaodan Liu (all independent).
- Compensation committee oversees executive and director compensation, incentive plans.
- CEO may not be present while his compensation is deliberated.
- Executive officers: Rong Luo (EVP), Haifeng Wang (CTO), Dou Shen (EVP), Victor Zhixiang Liang (SVP), Shanshan Cui (SVP), Junjie He (Interim CFO).
0Item 6.E. Directors, Senior Management and Employees — Share Ownership
Fiscal year 2024
- Robin Yanhong Li holds Class A and Class B ordinary shares with significant voting power as Chairman/CEO.
- Shanshan Cui's beneficial ownership is less than 1% of total issued shares.
- Beijing Perusal Technology Co., Ltd. is 50% owned by Shanshan Cui and 50% by Zhixiang Liang (both employees).
- Outstanding options and restricted shares disclosed for directors and officers, including options at exercise prices from US$12.486 to US$26.834.
0Item 6.F. Directors, Senior Management and Employees — Disclosure of Registrant's Action to Recover Erroneously Awarded Compensation
Fiscal year 2024
- Not applicable — no restatements requiring compensation recovery during the period.
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