Taking a little time to look at some my dogs and cats.
CNXT being one.
Noticed the change in the CEO -----he received stock options and will receive restricted stock based upon performance of the common stock after committee review.
Filing was dated July 7th, 2007:
"He also received a performance restricted stock unit award of 1,000,000 shares of common stock that will vest based on the company’s independent Compensation Committee’s determination that the following performance goals have been achieved: one-third if Conexant’s common stock sustains an average closing price of $3.00 over a 60 calendar-day period; one-third if the common stock sustains an average closing price of $4.50 over a 60 calendar-day period; and one-third if the common stock sustains an average closing price of $6.00 over a 60 calendar-day period. Any unvested portion of the performance restricted stock units will be forfeited five years after the grant.
In addition, he was awarded 1,500,000 restricted stock units, of which 1,000,000 will vest in equal installments on the first, second, and third anniversaries of the grant date and 500,000 will vest on the first anniversary of the grant date."
Comments anyone?
mj |
