According to a filing today with the SEC, Martha Stewart Omnimedia CEO Susan Lyne, CFO Howard Hochhauser and “other designated senior officers” can take up to $100,000 of the bonus they’d be entitled to in stock valued at 15 percent more than the cash would have been.
They do have to be continuously employed and wait three years to get it all, according to the filing. The stock conversion is valued at $19 per share, the Feb. 21 price, which means they’d lose a bit, according to today’s quoted close of $18.05.
The idea, of course, is that if they have stock instead of cash, they’ll want to make sure the company performs well for shareholders.
The full, boring filing details: