other
confidence high
sentiment neutral
materiality 0.25
UScellular adopts 2022 Officer Annual Incentive Plan with revenue, cash flow, capex metrics
ARRAY DIGITAL INFRASTRUCTURE, INC.
- Plan covers all officers except temporary; Chairman and CEO approved April 13, 2022.
- Performance measures: Total Service Revenues (35%), Operating Cash Flow (28%), Capex (7%), Chairman assessment (10%), Individual (20%).
- Bonus payouts range from 50% to 200% of target for revenue and cash flow; 50% to 150% for capex.
- No bonus unless employed through payout date; retirement (age 55+10 yrs service) or death eligible for pro-rated payout.
- Payment by March 15, 2023; plan subject to clawback and company's right to modify or terminate.