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PRE 14A
ICONIX BRAND GROUP, INC. filed this Form PRE 14A on 04/01/2019
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SUMMARY COMPENSATION TABLE

 

The following table includes information for 2018 and 2017 with respect to our named executive officers.

 

Name and
Principal Position
  Year   Salary
($) (a)
  

Bonus

($)(b)

   Stock
Awards
($) (c)
   Non-Equity
Incentive
Plan
Compensation
($) (d)
   All Other
Compensation
($) (e)
   Total
($) (f)
 
Robert C. Galvin (1)   2018    850,000        1,180,000    225,000        2,255,000 
President and Chief Executive Officer                                  
John N. Haugh (2)   2018    1,000,000        1,100,000    137,499        2,237,499 
Former President and Chief Executive Officer   2017    1,000,000        2,200,000    826,688    32,303    4,058,991 
F. Peter Cuneo (3)   2018    636,250        37,545            673,795 
Chairman of Board of Directors; Former Executive Chairman and Interim Chief Executive Officer   2017                         
David K. Jones (4)   2018    620,000        300,000    87,500    15,000    1,022,500 
Former Executive Vice President and Chief Financial Officer   2017    620,000        600,000    333,156    22,253    1,575,409 
Jason Schaefer (5)   2018    500,000    250,000    250,000    88,541    16,500    1,105,041 
Former Executive Vice President and General Counsel   2017    500,000        500,000    448,850    18,540    1,467,390 
Jeffrey Wood (6)   2018    277,639        25,000    9,896        312,535 
Former Interim Chief Financial Officer                                   

 

(a)The amounts shown in this column with respect to Mr. Cuneo include all amounts payable to Mr. Cuneo in 2018 pursuant to the terms of his employment agreement in respect of his service as both Interim Chief Executive Officer and Executive Chairman. Mr. Cuneo was not compensated for his role as a director during his service as Executive Chairman or Interim Chief Executive Officer. Mr. Cuneo did not earn any compensation in 2017 for his service as Executive Chairman of the Board, and therefore, all of his 2017 compensation was reported in the 2017 Director Compensation Table.

(b)The amount in this column in respect of Mr. Schaefer includes the full amount of a retention bonus paid to Mr. Schaefer in March 2018.

(c)The amounts shown in this column represent the aggregate grant date fair value with respect to PSUs and RSUs granted in 2018 and 2017, as determined in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”) (without regard to the effect of estimated forfeitures), assuming target performance was achieved. In respect of 2017 and 2018, assuming maximum performance had been achieved, the aggregate grant date fair value would be 100% greater than the amounts the amounts shown in this column in respect of 2018 and 50% greater than the amounts shown in this column in respect of 2017. See Note 10 to Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for a discussion for the relevant assumptions used in calculating grant date fair value. Mr. Cuneo’s stock award in 2018 included a one-time grant of 50,000 RSUs in connection with his appointment to serve as Interim Chief Executive Officer. Mr. Galvin’s 2018 stock awards included an employment inducement RSU award with a grant date fair value of $500,000, an employment inducement PSU award with a grant date fair value of $500,000 and an RSU award with a grant date fair value of $180,000.

(d)In respect of bonus for Mr. Galvin, amount paid is equal to 125% of the target bonus set forth in his employment agreement, as determined by the Compensation Committee. In respect of 2018, bonus for Mr. Haugh includes the portion of his $1,100,000 2018 LTIP cash award that vested and was paid prior to his departure from the Company on June 15, 2018, or $137,499 (no additional amounts with respect to the 2018 LTIP are eligible to vest following such date). In respect of 2018, bonus for Mr. Jones includes the portion of his $300,000 2018 LTIP cash award that vested and was paid prior to his departure from the Company on October 25, 2018, or $87,500 (no additional amounts with respect to the 2018 LTIP are eligible to vest following such date). In respect of 2018, bonus for Mr. Schaefer includes the portion of $250,000 2018 LTIP cash award that vested and was paid prior to his departure from the Company on December 7, 2018, or $88,541 (no additional amounts with respect to the 2018 LTIP are eligible to vest following such date). In respect of 2018, bonus for Mr. Wood includes the portion of his $25,000 2018 LTIP cash award that vested and was paid prior to his departure from the Company on October 25, 2018, or $87,500 (no additional amounts with respect to the 2018 LTIP are eligible to vest following such date).

 

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