Oracle extends share options plans, no bumper payday for execs... yet
Not all execs are created equal and those of the Oracle variety remain among the highest paid due to an extension to performance-based stock options that gives them more time to achieve corporate goals.
Three of the market capitalization goals set out by Oracle were achieved by June 2021,"but no operational performance goals have yet been satisfied." Oracle said that without the extension, the options would have expired. Of the extension it added:"Although some stockholders supported the extension of the PSO performance period [to May 2025], other stockholders expressed concern that the performance was extended with no change to the performance metrics and indicated that they generally do not support mid-cycle changes to equity compensation," the document states.
Should the goals not be met, the PSO will not be paid in full. Should they be exceeded, the maximum amount the two execs' could receive runs to $330 million each.
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