Apr. 2 at 6:14 PM
$AXON what a loser. Know any facts?
Rick Smith's contract at Axon Enterprise is a ten-year performance-based compensation plan announced in February 2018, which he structured to relinquish his regular salary and cash bonuses in favor of stock options tied strictly to company performance. The award consists of 12 tranches of stock options, where each tranche vests only if both a market capitalization milestone and a financial performance target are met simultaneously.
Market Cap Milestones: The plan requires Axon's six-month average market cap to grow from a baseline of roughly
$2.5 billion to a final target of
$13.5 billion, representing a ten-fold increase.
Financial Performance Milestones: Smith must drive revenue and adjusted EBITDA to levels approximately two to three times the company's current operational figures at the time of the agreement's inception.
Vesting Structure: For each of the 12 tranches achieved, Smith vests in 538,488 stock option shares (representing 1% of Axon
