Carol Bartz has two 20-day challenges at Yahoo, writes Gene Munster in a note for clients looking at Carol’s compensation.
If she can get the stock to trade for an average price of $17.60 for 20 trading days, 1.67 million, or 33% of her options, vest at an exercise price of $11.73.
That’s about a $10 million prize.
The rest of her options vest when the stock stays at $20.53 for 20 days.
She’s got a ways to go before she hits that target. Under her watch Yahoo’s stock has only traded above $17 a handful of days.
The good news here is Carol’s not incentivized to do anything to produce a quick pop in the stock price. Her payday comes when company delivers some consistent returns.
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