Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer’s compensation jumped 69% to $42.1 million in 2014 as she guided the turnaround project of the Web portal. A big part of the compensation package included stock and option awards received during the year. The rising stock price of Yahoo increased the total value of package. Some of the grants were given in 2012 and 2013; still they will be recorded as 2014 grant, considering the compliance rules. Her total compensation in 2013 stood at $24.9 million.
The details
As per the filing, Yahoo CEO’s stock options were worth $28.2 million. They can be exercised at a price of $18.87 per share. Considering the close of YHOO shares at $43.28 in NYSE trading, the options are valued at $31 million. Her compensation at the end of FY2014 was measured at total $59.1 million with base salary of $1 million.
The package
The compensation package of 2014 included non-equity incentive-plan amount worth $1.1 million, option awards valued at $28.2million and $11.8 million of stock awards. Yahoo stated that it delivered considerable returns to shareholders in 2014 and added its focus on mobile growth resulted in strong performance in 2014.
The view
Yahoo mentioned that the incentive awards for employees that cover annual cash bonuses as well as equity awards based on performance were vested or paid out at significantly less than target levels as they failed to achieve the annual financial goals. The compensation committee had decided overall revenue target of $5 billion for FY2014 and mobile revenue target of $500 million. Based on the adjusted numbers, Yahoo! Inc. (NASDAQ:YHOO) exceeded mobile revenue target but failed to meet total revenue target for the year. The adjusted mobile revenue came at $549 million compared to target of $500 million while the overall revenue came at $4.59 billion compared to set target of $5 billion.
