Blair LaCorte was the CEO of AEye, Inc., a company focused on Lidar technology, from August 2021 until February 2023. He was previously an engineering graduate and held a Bachelor's degree in engineering. As CEO, Blair's base salary for 2022...

Blair LaCorte was the CEO of AEye, Inc., a company focused on Lidar technology, from August 2021 until February 2023. He was previously an engineering graduate and held a Bachelor's degree in engineering. As CEO, Blair's base salary for 2022 was $600,000, but he also had a hefty bonus structure, pulling in over $1 million in total compensation that year, mainly based on company performance. His time as CEO saw fluctuating stock values and significant insider trading activity in 2021, reaching values as high as $23.19 million. In a notable shift, he resigned for personal reasons, but he ensured a smooth transition, focusing on finding his successor. His experience in engineering plays a crucial role in guiding the company through intricate technology challenges. AEye, Inc. aims to transform industries with its advanced technologies for autonomous vehicles and other applications, making Blair a key figure in an innovative sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other AEye, Inc. CEOs

A

Blair LaCorte

Ex-CEO of AEye, Inc.

Education

Bachelor's degree in engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

January 1, 1963 - 62 years ago

CEO of AEye, Inc. for

1 year 6 months (Aug 2021 - Feb 2023)

Previous Experience

Various leadership roles in technology companies

Rivals

Competitors/colleagues of Blair LaCorte

Holdings

See how much did Blair LaCorte make over time.

During Blair LaCorte's tenure at AEye, Inc., he was involved in considerable stock that fluctuated wildly. Notably, in August 2021, his holdings peaked at $23.19 million but dropped significantly over the next couple of years. By February 2022, they decreased...

During Blair LaCorte's tenure at AEye, Inc., he was involved in considerable stock that fluctuated wildly. Notably, in August 2021, his holdings peaked at $23.19 million but dropped significantly over the next couple of years. By February 2022, they decreased to around $9.53 million. His trading activity was quite active during his time as CEO, with monthly trades revealing high value transactions, including trades of $5.10 million and $8.22 million as he navigated the stock's ups and downs. Towards the end of his time as CEO, the values of his holdings began to reduce further, signaling either market adjustments or strategic shifts. Ultimately, his stake in AEye reflected strong influence and engagement during a crucial period for the company.

Total Stock Sold

$12.39M

LIDR

$12.39M

4,188.467 LIDR shares

What if they kept their stock?

If Blair LaCorte didn't sell their stock, today they would have:
Extra LIDR4,188.467 shares worth $1.16M.
This is -90.67% and $11.24M less than what they got when they sold the stock.

Charitable Transactions

LIDR

7,833.333 shares

LIDR

Recent Charitable Transactions

LIDR

150,000 shares

LIDR

Dec 15, 2022

Charity

LIDR

85,000 shares

LIDR

Jun 10, 2022

Charity

Insider Trading

See recent insider trades of Blair LaCorte.

LIDR

378,000 shares

LIDR

Jan 10, 2023

Received

LIDR

150,000 shares

LIDR

Dec 15, 2022

Charity

LIDR

$10.86K

LIDR at $0.90/share

Oct 15, 2022

Sale

LIDR

300,000 shares

LIDR

Sep 23, 2022

Received

LIDR

$16.08K

LIDR at $1.33/share

Sep 15, 2022

Sale

LIDR

$66.60K

LIDR at $1.55/share

Sep 6, 2022

Sale

LIDR

85,000 shares

LIDR

Jun 10, 2022

Charity

LIDR

$104.80K

LIDR at $5.67/share

May 31, 2022

Sale

LIDR

$109.48K

LIDR at $5.47/share

May 27, 2022

Sale

LIDR

$103.21K

LIDR at $5.16/share

May 20, 2022

Sale

Compensation History

See how much did Blair LaCorte make over time.

In 2023, Blair LaCorte's total compensation reached $765,461, with a base salary of $422,349 and a bonus of $329,538 due to meeting 75% of corporate goals. He was part of an annual cash bonus program that rewarded executives relatively based on performance metrics focused on corporate targets. Interestingly, in 2022, his compensation was much higher, totaling approximately $1,029,779, which included substantial stock awards valued around $366,000. However, in 2023, there were no vested stock rewards since he transitioned to a board member status after his resignation. This shift demonstrated how executive compensation structures are tied tightly to company performance and personal contributions.

Year

2023

Total Compensation

$766.46K

Salary

$422.35K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on attracting and retaining top talent.

Bonus

$329.54K

Board Justification

Amounts earned under the annual cash bonus program for the year indicated, based on achieving 75% of corporate goals for 2023.

Other

$14.57K

Board Justification

Represents the Company’s contribution to Mr. Fisch’s account in the Company’s 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards were vested in 2023 as all stock awards granted were under the 2023 CEO Inducement Grant Plan and not the 2021 Equity Incentive Plan.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on achieving corporate goals set by the Compensation Committee.

Other AEye, Inc. CEOs

Here are other CEOs of AEye, Inc.

Conor B. Tierney

CEO of AEye, Inc.

March 2023 - Present