David Frear, CFO of Sirius Satellite Radio, received a pay raise, a contract extension, restricted Stock, and stock options. Details of the agreement were filed with the SEC.
- Raise from $550,000 to $750,000
- Contract extended from July 31, 2008 to July 31, 2011
- 300k units of restricted stock that vest - 100k on 2/12/09, 2/12/10, and 2/12/11
- Options on 1.5 million shares of stock that vest - 500k on 2/12/09, 2/12/10, and 2/12/11