other material
confidence high
sentiment neutral
materiality 0.55
Qualys boosts CFO salary to $410K, CLO to $360K; grants 39k RSUs to CEO; adds severance for execs
QUALYS, INC.
- CFO Joo Mi Kim salary raised to $410K (from $340K); CLO Bruce Posey to $360K (from $330K).
- CEO Sumedh Thakar awarded 39,288 RSUs + 39,288 PRSUs (target); CFO Kim: 33,100 RSUs + 14,186 PRSUs.
- PRSUs vest over 3 years based on revenue growth & EBITDA margin; cumulative overperformance vests at year 3.
- New severance: 3-9 months base salary for involuntary termination; upon change of control, 12 months salary & full equity vest.
- Equity grants under 2012 Equity Incentive Plan; change-of-control triggers full acceleration for unvested RSU/PRSU.