Scott Greenstein Inks New Deal At SiriusXM
May 26, 2016 at 1:15 PM (PT)
SIRIUSXM has inked President/Chief Content Officer SCOTT GREENSTEIN to a new three-year deal that will run through MAY 24, 2019.
GREENSTEIN will make a base salary of $1.5 million per year plus a target bonus of 150% ($2.25 million), which the company says "is generally consistent with Mr. GREENSTEIN’s existing employment agreement." He was also granted an option to buy10,805,602 shares of SIRIUSXM common stock at an exercise price of $3.96, plus 1,452,020 restricted stock units. The option and RSUs will vest in three approximately equal annual installments on MAY 24, 2017, MAY 24, 2018 and MAY 24, 2019. And the contract comes with a limited 12 month noncompete provision and, in the event of termination, a lump sum payoff of his base salary plus bonus and 18 months of health and life insurance.