Tom Lacey, born in 1958, has been leading Immersion Corporation (IMMR) since August 21, 2018. With a background in technology, he stepped into his role at a transitional time for the company. One of his notable achievements was taking on...

Tom Lacey, born in 1958, has been leading Immersion Corporation (IMMR) since August 21, 2018. With a background in technology, he stepped into his role at a transitional time for the company. One of his notable achievements was taking on the role of Interim CEO before officially becoming CEO. Over the years, Lacey has seen his compensation fluctuate significantly, peaking at approximately $3.9 million in 2023. This year marked a huge jump in his earnings compared to his earlier years, demonstrating a clear alignment with the company's performance goals. Notably, his compensation includes a substantial bonus, which stands testament to his leadership during challenging times. As CEO, he plays a critical role in shaping the strategic direction of Immersion, focusing on enhancing shareholder value and meeting performance targets. His history with the company gives him an insider's grasp of its inner workings, contributing to a skilled approach to management.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Immersion Corporation CEOs

I

Tom Lacey

CEO of Immersion Corporation

Education

N/A

Field of Expertise

Technology & Engineering - Technology

Sector of Economy

Technology

Born

January 1, 1958 - 67 years ago

CEO of Immersion Corporation for

6 years 9 months (Aug 2018 - Present)

Previous Experience

CEO of Xperi Corporation and various leadership positions at technology companies including Intel Corporation.

Rivals

Competitors/colleagues of Tom Lacey

Holdings

See how much did Tom Lacey make over time.

Tom Lacey's insider trading activity has witnessed some significant fluctuations since 2019. Back then, his holdings were valued at approximately $5.21 million in September, gradually dropping over the months, reaching around $4.59 million in January 2020. His holdings have continued...

Tom Lacey's insider trading activity has witnessed some significant fluctuations since 2019. Back then, his holdings were valued at approximately $5.21 million in September, gradually dropping over the months, reaching around $4.59 million in January 2020. His holdings have continued to slide, reflecting a downward trend that persisted throughout 2020 and into 2021. However, by 2021, Lacey's holdings rebounded to about $5.86 million in March. This volatility continued, with values fluctuating around the $4 million mark for a good part of 2022, before dipping again in 2023 to around $2.77 million by September. It's clear that Lacey's financial footprint follows the ebbs and flows of the company's performance, showcasing both growth opportunities and challenges, as he positions himself alongside his investors.

Insider Trading

See recent insider trades of Tom Lacey.

IMMR

$57.00K

IMMR at $9.50/share

Nov 6, 2018

Purchase

IMMR

31,000 shares

IMMR

Aug 22, 2018

Received

Compensation History

See how much did Tom Lacey make over time.

Tom Lacey's compensation has seen a remarkable increase, especially in recent years. In 2023, he topped his earnings at $3.9 million, shifting from a much lower total of $795,000 in 2022 and just $420,000 in 2021. His salary in 2023 was approximately $898,350, with an enticing bonus of $1,347,525, reflecting the successful alignment of his performance with the company’s goals. The structure of his pay corresponds tightly with his focus on boosting long-term stockholder value, underlying a compensation philosophy that emphasizes strong performance metrics. In contrast, his earlier years as Interim CEO brought much lower figures, showing how critical his leadership is to the company's growth.

Year

2023

Total Compensation

$2.54M

Salary

$898.35K

Board Justification

The compensation philosophy aligns executive compensation with performance metrics established by the Compensation Committee, focusing on enhancing long-term stockholder value.

Bonus

$1.35M

Board Justification

Pursuant to the 2023 Annual Bonus Plan, Mr. Singer was eligible to earn cash bonuses of up to 100% of his base salary, and received an additional 100% payout, totaling 200% of his base salary earned in 2023.

Other

$184.41K

Board Justification

Consists of contributions made by the Company under the Immersion Corporation 401K Plan and payments of quarterly dividends.

Restricted Stock

$106.20K(15.04K RSAs)

Board Justification

On March 30, 2023, Mr. Singer was granted RSAs covering 15,043 shares of common stock, which vested on the one-year anniversary of the grant date.

Performance Metrics

The performance metrics for determining Mr. Singer's compensation include achievement of performance metrics established by the Compensation Committee.

Other Immersion Corporation CEOs

Here are other CEOs of Immersion Corporation

Carl Schlachte

Ex-CEO of Immersion Corporation

November 2017 - August 2018