Company: LPSN
Filing Date: 2025-05-22
Form Type: DEF 14A
Source: 0001102993-25-000068
Chunk: 49

Company: LIVEPERSON INC
Filing Date: 2025-05-22
Form: DEF 14A
Chunk 49
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 equity awards granted in the 2024 Fiscal Year, the Compensation Committee considered multiple factors, including (i) share pool constraints in the 2019 Stock Incentive Plan, (ii) the potential dilutive effects of equity awards upon vesting or exercise, (iii) the desire to provide meaningful equity awards to employees, (iv) the performance of the Company’s stock price, (v) competitive market analysis performed by Compensia, and (vi) the recommendations of the CEO (except with respect to his own equity compensation). In consideration of the foregoing, (i) in January 2024, the Compensation Committee awarded a one-time grant, in addition to the annual grant below, of restricted stock units to Ms. Greenberg in respect of 30,582 shares which vest on the first anniversary of the date of grant, which grant was made based on a review of annual benchmarking data; and (ii) in September 2024, the Compensation Committee awarded restricted stock units to each of Mr. Collins and Ms. Greenberg in respect of 840,000 and 400,000 shares, respectively, as part of their annual equity compensation, each of which vest on the first anniversary of the date of grant.

Mr. Sabino also received equity grants in March 2024 in connection with his hiring in January, 2024 as set forth in his employment agreement and described further below in the section of this Proxy Statement titled “Employment Agreements for our Named Executive Officers” (the “Sign-On Awards”). In designing Mr. Sabino’s compensation package, the Compensation Committee considered the Company’s need to recruit a chief executive officer with the experience and motivation necessary to focus on the Company’s execution of its key strategic objectives and to drive enhancement of shareholder value at a time when the Company was facing strong headwinds. As more fully described below in the section of this Proxy Statement titled “Employment Agreements for our Named Executive Officers,” as part of his hiring, Mr. Sabino received a mix of compensation elements consistent with the Company’s overall compensation philosophy described above, including a base salary, target annual bonus opportunity, and grants of long-term equity-based incentive awards that were determined, in the aggregate, to fall within a reasonable range of the chief executive officer compensation of the group of peer companies used by the Compensation Committee to evaluate executive compensation levels. Further information on our selected peer group is included in the section of this Proxy Statement titled “The Role of Competitive Pay Positioning/2024 Benchmarking” below