Lockheed Martin CEO Vance Coffman received $2.5 million bonus for...
Lockheed Martin CEO Vance Coffman received $2.5 million bonus for improving operations and increasing revenue at company in 2000, according to SEC filing. In 1999, he didn’t get bonus. Last year, Coffman received base salary of $1.29 million and…
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restricted stock award worth $1.93 million. He can’t sell shares for unspecified period but can vote them and receive dividends. Lockheed Martin also gave Coffman options to buy 600,000 shares at exercise price of $18.50. If shares were to increase 10% annually, options could be worth as much as $17.7 million. Meanwhile, company announced it had signed contract with Jet Propulsion Lab to conduct study on low-mass membrane telescope for New Millennium Program at NASA.