Third, it made all professional-level employees eligible for annual grants of performance-based restricted stock
Bullis, named to the post Thursday, also received a $150,000 signing bonus and was granted performance-based restricted stock
units valued at approximately $1 million, the company said in a filing with the Securities and Exchange Commission.
In 2004, Deming also received long-term compensation in the form of 80,000 shares of nonqualified stock options and 10,000 shares of performance-based restricted stock
Under NASDAQ Listing Rule 5635(c)(4), the company's compensation committee granted Dr Rote with a stock option to purchase 60,000 shares of its common stock, a performance-based restricted stock
unit award covering 15,000 common stock as well as a time-based restricted stock unit award covering 10,000 common stock.
CPVEs are a grant of performance-based restricted stock
which incorporate two performance requirements over a period of four years.
Without question, the compensation strategy most likely to be widely adopted is performance-based restricted stock
. It benefits from being a new twist on a familiar incentive, restricted stock.
$15,412,125 of this annual variable compensation was granted in the form of performance-based restricted stock
units, with the remainder granted in the form of cash.
According to the company, Griffin was awarded a sign-on equity award consisting of 374,625 performance-based restricted stock
units (PSUs) at target, with a maximum amount of up to 1,498,500 PSUs, which will be earned or forfeited in 2020 upon completion of the company's 2019 audit.