Yelp sets 2022 exec base salaries at $500K, grants RSUs/PRSUs; CPO Patel departure in May

YELP INC

Base salaries for CEO Stoppelman, CFO Schwarzbach, COO Nachman unchanged at $500,000 each.
Target bonus at 50% of salary for each; payout 0-200% based on corporate performance goals for 2022.
RSU grants: Stoppelman 120,328, Schwarzbach 58,041, Nachman 60,164; vest quarterly over 4 years.
PRSUs: financial performance awards based on 2022 revenue and adjusted EBITDA; TSR awards vs. Russell 2000 over 3 years.
Former CPO Vivek Patel transition: advisory to March 25, part-time to May 20, 2022; 4,727 RSUs vest Feb/May; no severance.

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