other material
confidence high
sentiment neutral
materiality 0.55
ParkerVision grants performance-based stock options to CEO and CFO tied to patent enforcement cash receipts
PARKERVISION INC
- CEO Jeffrey Parker receives option for up to 8M shares at $0.24; CFO Cynthia French receives option for 500K shares at same price.
- Options vest over 5-year performance period based on cumulative net cash from patent enforcement after attorney fees and repayments.
- Automatic vesting acceleration if market cap reaches $1B for 20 consecutive trading days or upon change in control.
- CFO also granted a time-based option for 500K shares vesting in biannual installments over 2 years.
- CEO and CFO receive 2.5% cost-of-living base salary increase effective April 15, 2026.