Pelose Gets Stock Reward In an 8-K (SEC's EDGAR System) filing date of 5/25: "The Amendment (i) changes Mr. Pelose's title to Executive Vice President, (ii) indicates that Mr. Pelose is a member of the Office of the Chairman, (iii) increases Mr. Pelose's base salary to $275,000, and (iv) increases Mr. Pelose's annual target incentive bonus to 70% of his base salary. "In connection with his promotion to Executive Vice President and his appointment to the Company's Office of the Chairman, and in an effort to incent and retain Mr. Pelose, the Company has awarded Mr. Pelose (i) 33,000 shares of restricted stock that vests over a three-year period (15% in years 1 and 2, and 70% in year 3), and (ii) up to a maximum of 25,500 performance-based restricted stock , the amount of which that vests in three years to be determined by the Company's diluted EPS compounded average growth rate over such three year period." SEC Filing: |
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