Quote:
Originally Posted by Papa_Complex
All of you who are blaming this on labour, remember that there are two sides to the coin. In this time when sales are down and they're working at a loss, Keith Wandell took over $6M in various forms of compensation. Hell, he took over $600K in 'bonus.' Don't you get a bonus when the company is performing well, not when it's flagging?
Salary: $650,025.00
Bonus: $780,030.00
Restricted stock awards: $2,858,007.00
All other compensation: $22,515.00
Option awards $: $2,053,002.00
Total Compensation $6,363,579.00
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Keep in mind that Harley's stock is currently worth more than 3 times what it was little more than a year ago. The restricted stock awards only vest (at no charge to Wandell) if Wandell is still at Harley and he gets 1/3 in Feb of 2011, 1/3 in Feb 2012 and the remaining 1/3 in Feb of 2013. If he gets fired or quits he gets none of whatever is remaining. If he is gone before Feb of 2011 he gets none of it. On the options side there is a similar vesting schedule and the stock has an exercise price of $22.63, about what the stock price was when the options were granted. He gets "paid" based on how well the stock does.
Quote:
Originally Posted by Papa_Complex
He would also receive stock dividends, as would any investor.
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I don't believe Wandell gets paid dividends on either the stock awards or stock options until they vest. The stock isn't his until that time.