Rawlings, Bicycle
Tony Imperati, a spokesman for Microsoft, disputes Bloomberg’s valuation. The computer maker also considers Nadella’s $13.5 million one-time retention stock grant an award that should be annualized. The index doesn’t annualize one time sign-on and retention awards because they’re not part of companies’ regular performance compensation plans.
Among the highest-paid executives for 2014 is Jarden Corp. Executive Chairman Martin Franklin. The Boca Raton, Florida- based owner of consumer brands including Rawlings baseball gear and Bicycle playing cards awarded him 1.8 million restricted shares last year worth $73.9 million when they were granted. The units are unlikely to vest because it’s “improbable” the business will achieve the financial metrics they’re tied to, the company wrote in its proxy.
His total awarded compensation was valued at $113.3 million as of Jarden’s fiscal-year end, the index shows.
Performance Thresholds
The ranking tracks the most recently available data for the top-paid executives. Some of the data on the ranking is from 2013 because 2014 hasn’t been released.
GoPro’s November prospectus shows Woodman received a salary of $800,000 and a $1 million bonus in 2013. The company also spent $49,591 on car expenses that year for Woodman, who is its largest shareholder and has a net worth of $2.4 billion, according to the Bloomberg Billionaires Index.
“I have not had conversations that express concern over executive compensation at GoPro,” JMP’s Gauna said.
Part of Woodman’s restricted stock award vested and settled when it was granted in June, and he put those 1.5 million shares into a family trust, according to a regulatory filing that shows insider transactions.
The other 3 million units vested and settled on Jan. 22, after GoPro shares traded above certain thresholds for 30 consecutive days. Those shares pay out monthly over three years, the filings show.