Yext Approves 10-Year Performance Stock Option Plan for Chief Executive
Yext, Inc. (YEXT) has approved a long-term equity incentive plan for its chief executive officer featuring up to 11 million stock options at an exercise price of $7. The award is designed to cover a 10-year period and ties executive compensation directly to substantial long-term growth in the valuation of the company. Shares of Yext traded at $6.925 following the announcement.
To unlock the options, the stock price must reach and sustain performance hurdles ranging between $21 and $88.08, while the chief executive must meet continuous service requirements. Because the vesting conditions demand significant gains from current stock levels, the package aims to align leadership compensation with shareholder value while encouraging retention over the next decade.
The proposed equity award remains subject to shareholder approval. Investors will be monitoring the stockholder vote on the package, as well as tracking the company's future share performance against the designated target price tiers.
Key points
- Yext approved a 10-year incentive package offering up to 11 million stock options to its CEO at a $7 exercise price.
- Options vest only if the stock price achieves and sustains targets between $21 and $88.08.
- The plan requires continuous service from the CEO to promote executive leadership stability.
- The equity package is subject to approval by Yext stockholders.
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What are the details of the new Yext CEO compensation plan?
Yext approved a 10-year package of up to 11 million stock options at a $7 exercise price. Options vest only if continuous service conditions are met and the stock price is sustained between $21 and $88.08.
Does the Yext CEO option package require stockholder approval?
Yes, the long-term stock option plan must be approved by shareholders before it can take effect.
What stock price targets must Yext reach for the options to vest?
Yext's stock price must be sustained within a performance window of $21 to $88.08 for the options to vest.