As it stands he would be able to take home ~$1.6M immediately after next Q if the company were either sold or he resigns (assuming these two grants include everything). His endgame is probably to get enough out of this to retire and spend time with his family comfortably (as it is for most people).
Coincidentally:
- Average retirement age: 63 - His age: 63 (based on filing)
The timeline surrounding the new options is kind of interesting too:
The compensation committee included two board members: Van Slooten (who has a previous business relationship with Nelson) and Richardson (who was replaced on the committee by Chuck Cargile). These two individuals determine Nelson's compensation.
The additional 250K grant Nelson received was on Aug. 31:
It was a nice parting gift from Richardson as he resigned the very next day:
As far as I can tell the new guy Cargile has no connection with Nelson either through going to BYU or other business relationships, which makes him an outlier on the board.
I am far from certain that selling the company is his goal near term, but the changes that were made do point moderately in that direction. I don't think the narrative that these changes were made because the company is getting ready to become a national leader...etc hold much water. But these changes are pretty major, and must be indicative of some change on the horizon. If the new guy that replaced Richardson does intend to work on finding a buyer it might work out well for shareholders here though, he got a what looks like a really good price for the last company he worked on (NEWP).