other material
confidence high
sentiment neutral
materiality 0.55
Marchex approves 2023 bonus pool of $568K and equity grants to executives
MARCHEX INC
- Aggregate bonus pool target amount $568,438; maximum payout 195% of target.
- Russell Horowitz receives 72,000 options and 72,000 RSUs; Michael Arends receives 149,000 each.
- Bonuses for Horowitz and Arends weighted 33.3% each on new revenue, total revenue, and adjusted OIBA.
- CRO John Roswech target $250K based on revenue goals; COO Ryan Polley target $200K based on product revenue and tech expense.
- Equity vests on fifth anniversary unless performance targets or change-in-control triggers accelerate vesting.