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To: Charles Freund From: Ron Clarke, Chairman and CEO
Date: September 1, 2020
Subject: Your New Role – CFO |
Charles, we’re pleased to officially appoint you to the role of CFO for FLEETCOR.
In this role, your 2020 compensation is as follows:
i.2020 Cash. Your cash compensation for 2020 is:
1.Base Salary: $450,000 annualized.
2.Bonus: Bonus target of $168,750.
ii.2020 New Equity Grants.
1.Restricted Stock Grant: $880,000 (grant date value) in performance-based restricted stock that vest upon achievement of performance metrics and service requirements.
2.Stock Option Grant: $1,000,000 (grant date value) in time-based stock options that vest ratably.
Congratulations on your new role!
CC: Crystal Williams
