other material
confidence high
sentiment neutral
materiality 0.70
OptimizeRx CEO William Febbo gets $12.5M PRSU grant, base salary to $450k
OptimizeRx Corp
- Base salary increased to $450,000 upon signing; annual target bonus raised to 100% of base salary.
- Granted $12.5M performance-based RSUs with three stock price milestones: 50%, 100%, 150% above base price of $65.91.
- PRSUs earned over five years; each milestone requires stock price >= target for 30 consecutive trading days; vesting on first anniversary of milestone date.
- RSU grant intended as CEO's only equity award for next five years, replacing annual grants; compensation committee may reconsider.
- Milestones set for compensation purposes only; not management projection.