other material
confidence high
sentiment neutral
materiality 0.60
Identiv raises CEO base salary to $550k, approves 365k RSUs upon change of control
Identiv, Inc.
- CEO Steven Humphreys' annual base salary increased to $550,000 effective Sept 1, 2023; paid in stock.
- Quarterly bonus target of $100,000 established effective Oct 1, 2023, based on Board-set metrics.
- Board approves conditional grant of 365,000 fully vested RSUs upon a corporate event before Oct 4, 2027.
- RSUs replace prior similar commitment that expired in August 2023.
- Compensation continues to be paid in common stock except for tax withholdings.