In 2017, Victor Viegas earned $1.60M in total compensation at Immersion Corporation, including $415.00K salary, $456.50K bonus and $732.00K in stock. Most recently sold 148,200 shares in May 2013. Currently holds stock worth $572.11K. Led Immersion Corporation as CEO for 9 years.
Compensation History
Annual executive compensation data for Victor Viegas, including salary, bonuses, and stock awards.
Year
2017
Total Compensation
$1.60M
Salary
$415.00K
Bonus
$456.50K
Other
$0.00
Salary
$415.00KBoard Justification
The compensation philosophy is to align executive compensation with annual performance and to enable the company to attract, retain, and reward individuals who contribute to the company's success.
Bonus
$456.50KBoard Justification
The target award percentage for Mr. Viegas remained the same as 2016 at 110%, which represented target total cash compensation of above the 75th percentile of executives holding comparable positions at the companies in the peer group.
Other Compensation
$0.00Board Justification
No other compensation was reported for Mr. Viegas in 2017.
Restricted Stock
Board Justification
The stock options granted to Mr. Viegas had a performance condition that required the closing price of a share of common stock to equal or exceed $11.25 for 30 consecutive trading days, and at the time of his departure, he had vested in 84,581 shares of common stock.
Performance Metrics
The performance metrics for determining the compensation included corporate financial objectives and individual management objectives.
Victor Viegas
Ex-CEO of Immersion Corporation
Education
B.S. in Accounting and M.B.A. from Santa Clara University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Technology
Born
January 1, 1957 - 68 years ago
CEO of Immersion Corporation for
9 years 6 months (May 2008 - Nov 2017)
Previous Experience
Various roles at Immersion including CFO and interim CEO, and extensive experience in finance and management.
Holdings
Track Victor Viegas's stock holdings and portfolio value over time.
Total Stock Sold
$5.67M
$5.67M
490,000 IMMR shares
What if they kept their stock?
If Victor Viegas didn't sell their stock, today they would have:
Extra IMMR490,000 shares worth $3.34M.
This is -41.03% and $2.33M less than what they got when they sold the stock.
Insider Trading
Victor Viegas's recent stock transactions, purchases, and sales filed with the SEC.
$2.26M
IMMR at $15.26/share
May 29, 2013
Sale
$781.13K
IMMR at $15.08/share
May 24, 2013
Sale
90,000 shares
IMMR
Mar 5, 2012
Received
$1.78M
IMMR at $10.17/share
Jul 21, 2011
Sale
$112.43K
IMMR at $7.40/share
Apr 6, 2011
Sale
$246.87K
IMMR at $7.31/share
Apr 4, 2011
Sale
$508.76K
IMMR at $7.71/share
Apr 1, 2011
Sale
27,867 shares
IMMR
Mar 14, 2011
Received
Rivals
Compare Victor Viegas with competitor CEOs and industry peers.