Replies to post #279813 on InterDigital Inc (IDCC)

[Data_Rox]

I agree count....not up to par with the loot from 2008....but they certainly didn't walk away with zero while the share price was flat/loss for the year

increased base salaries in 2010
~$750K in bonuses in 2009
additional shares for scott
additional shares for all

from yahoo for 2008

KEY EXECUTIVES
Pay Exercised
Mr. William J. Merritt , 50
Chief Exec. Officer, Pres $ 1.68M $ 417.00K

Mr. Scott A. McQuilkin , 54
Chief Financial Officer $ 604.00K $ 0

Mr. Lawrence Shay Esq., 50
Chief IP Counsel, Exec. VP of Intellectual Property and Pres of Patent Licensing $ 886.00K $ 0

Mr. Mark A. Lemmo , 51
Exec. VP of Corp. Devel. $ 930.00K $ 0

Mr. Brian G. Kiernan , 62
Chief Strategic Standards Officer and Exec. VP of Standards N/A N/A

Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.

[olddog967]

Count: Just for clarification, there should be no granting 0f RSUs under the LTCP in 2010. The LTCP has two components, an equity (RSU) payout,and a cash payout. As previously noted, the program payouts are based on a 3 year cycle. What is confusing is that the RSU and cash payouts for a particular cycle are based on different starting/ending dates with the cash element being one year after the RSU element. The following from the 2009 proxy statement gives the latest schedule.

"The RSU component of the third cycle (“RSU Cycle 3”) began on January 1, 2007 and runs to January 1, 2010; the cash component of the third cycle (“Cash Cycle 3”) began on January 1, 2008 and runs through December 31, 2010. The RSU component of the fourth cycle (“RSU Cycle 4”) began on January 1, 2009 and runs to January 1, 2012; the cash component of the fourth cycle (“Cash Cycle 4”) will begin on January 1, 2010 and run through December 31, 2012."


Based on the scheduled dates, at the end of 2010 the only payout under the LTCP will be for the cash component of Cycle 3. Again from the 2009 proxy statement, the following are the stated goal for Cycle 3's cash component. Although different than Cycle 3's RSU performance goals, since they were previously established "long term" goals they appear to contain a similar element related to the now defunct SlimChip performance. We will have to see how that will affect the payout.

"The objectives underlying the goals established for Cash Cycle 3 are to drive the company’s strategic plan and complement the annual bonus plan goals. The goals associated with Cash Cycle 3 are: (i) achieve patent licensing / technology solutions revenue coverage at a specified target percentage of the 3G market on terms consistent with our strategic plan and (ii) generate a specified amount of free cash flow over the period of the cycle."

Pretty confusing!