Summary
Axon Enterprise, Inc. (AXON) filed an 8-K on January 16, 2020, primarily detailing a special incentive bonus awarded to its Chief Revenue Officer, Joshua M. Isner. Instead of a cash bonus, Mr. Isner opted to receive a vehicle along with a tax gross-up payment, resulting in a total compensation arrangement valued at approximately $470,000. Of this amount, roughly 40% was allocated to the tax gross-up, indicating a significant benefit provided to cover associated taxes on the incentive.
Key Highlights
- 1Special incentive bonus approved for Chief Revenue Officer, Joshua M. Isner, on January 4, 2020.
- 2Mr. Isner chose to receive a vehicle and a related tax gross-up payment instead of a cash bonus.
- 3The total value of this special incentive arrangement is approximately $470,000.
- 4Approximately 40% of the total incentive value ($470,000) is attributed to the tax gross-up payment.
- 5Mr. Isner received the vehicle in January 2020.
Frequently Asked Questions
The primary purpose of this 8-K filing was to disclose a special incentive bonus arrangement for Axon's Chief Revenue Officer, Joshua M. Isner, including his election to receive a vehicle and tax gross-up in lieu of a cash bonus.
The total value of the special incentive arrangement for Mr. Isner, including the vehicle and the tax gross-up, was approximately $470,000.
The tax gross-up payment was provided to cover the taxes that Mr. Isner would incur on the value of the vehicle and the incentive itself. Approximately 40% of the total $470,000 incentive was for this gross-up.
This 8-K filing specifically details a *special* incentive bonus. It does not provide information about Mr. Isner's regular salary, other bonuses, or stock-based compensation, which would typically be found in other filings like proxy statements (DEF 14A) or annual reports (10-K).