other
confidence high
sentiment neutral
materiality 0.30
SoundHound AI sets CEO $450k salary, 720k RSUs; adopts director compensation policy
SOUNDHOUND AI, INC.
- CEO Mohajer base salary $450k, CFO Sharan $350k, CTO Stonehocker $335k; all effective retroactive to May 1, 2022.
- CEO receives 720,000 RSUs with 4-year quarterly vest and 480,000 PSUs with revenue/cash-flow/stock-price targets.
- PSUs vest 25% each on $100M GAAP revenue, cash-flow positive, 90-day avg stock price $15, then $20.
- Non-employee director policy: $32k annual retainer, $380k initial RSU (3-year vest), $165k annual RSU.
- In Change of Control, CEO severance rises to 12 months base salary plus 12 months COBRA and accelerated RSU vesting.