In 2023, David Kagan earned $1.56M in total compensation at Globalstar, including $345.34K salary and $1.13M in stock. Most recently acquired 1,500,000 shares in Aug 2023. Currently holds stock worth $347.53M. 7+ years at the helm of Globalstar.
Compensation History
Annual executive compensation data for David Kagan, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.56M
Salary
$345.34K
Bonus
$0.00
Other
$80.20K
Salary
$345.34KBoard Justification
The compensation philosophy is designed to align executive compensation with company performance, focusing on retention and achievement of long-term business goals through a conservative base salary and stock-based compensation.
Bonus
$0.00Board Justification
No bonus was awarded for 2023 as the company did not grant option awards or non-equity incentive plan compensation.
Other Compensation
$80.20KBoard Justification
Includes matching contributions to the 401(k) plan and life insurance premiums, as well as a one-time vacation payout of $67,022 upon retirement.
Restricted Stock
Board Justification
The total value of stock awards that vested in 2023, including an accelerated vesting of all unvested restricted stock awards upon retirement.
Performance Metrics
The performance metrics for determining compensation included Adjusted EBITDA performance, which was $116.7 million for 2023.
David Kagan
CEO of Globalstar
Education
MBA from Stanford University
Field of Expertise
Business & Management
Sector of Economy
Communication Services
Born
June 15, 1961 - 64 years ago
CEO of Globalstar for
7 years 3 months (Sep 2018 - Present)
Previous Experience
President of ITC Global LLC
Other Globalstar CEOs
Holdings
Track David Kagan's stock holdings and portfolio value over time.
Insider Trading
David Kagan's recent stock transactions, purchases, and sales filed with the SEC.
1,500,000 shares
GSAT
Aug 29, 2023
Received
500,000 shares
GSAT
Mar 6, 2023
Received
$120.00K
GSAT at $1.16/share
Mar 6, 2023
Received
$212.40K
GSAT at $1.77/share
Dec 6, 2022
Received
$418.00K
GSAT at $1.90/share
Nov 15, 2022
Received
$44.50K
GSAT at $1.78/share
Sep 12, 2022
Purchase
$165.60K
GSAT at $1.38/share
Dec 8, 2021
Received
$145.00K
GSAT at $1.38/share
Mar 8, 2021
Received
$37.87K
GSAT at $0.31/share
Dec 7, 2020
Received
$130.83K
GSAT at $0.44/share
Mar 3, 2020
Received
Rivals
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