Harley-Davidson CEO Jochen Zeitz gets new pay package; base salary reduced to $1.9M

HARLEY-DAVIDSON, INC.

Base salary reduced by $600K to $1.9M; target annual bonus of $2.4M; effective Jan 1, 2022.
WIN stock options granted for 500,000 shares; vest only if 10-day avg closing price reaches $45-$65 by Dec 31, 2026.
RSU award with target value of $6.0M; 50% vest at 1yr, remainder ratably over next 12 months.
Options require CEO service through Dec 31, 2023 for any vesting; full vesting only if stays through Dec 31, 2024.
Board cites shareholder feedback for shift to variable pay; long-term incentive expected at least $6M annually.

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