target direct compensation was consistent with the average pay mix for chief executive officers in our peer group.
Our Board of Directors maintained Mr. Henshalls base salary of $1,000,000 for 2018 (as a result, Mr. Henshall received base salary compensation of
$1,000,000 in 2018). Also, effective April 1, 2018, the Board increased Mr. Henshalls target variable cash compensation from 125% of his base salary to 150% of his base salary, which resulted in actual variable cash compensation for
2018 of $2,458,726. In addition, Mr. Henshall was granted 55,556 time-based restricted stock units and 55,555 performance-based restricted stock units, which vest based on subscription bookings as a percentage of total product and subscription
bookings as discussed above.
Our Board of Directors approved Mr. Henshalls 2018 compensation package, including his equity awards, upon the
recommendation of the Compensation Committee.
Other Named Executive Officers Cash
Compensation Base Salary and Variable Cash Compensation
Former Executive Vice President and Chief Financial Officer
Mr. Del Matto joined Citrix on February 19, 2018. As announced on April 24, 2019, Mr. Del Mattos employment with Citrix will end on April
26, 2019. As former Chief Financial Officer, Mr. Del Matto was responsible for all of our financial and capital management strategies, budgeting and planning, financial accounting, tax and treasury, and investor relations, as well as our
information technology function.
Mr. Del Mattos initial annual base salary was set at $550,000, and he received base salary compensation of $478,704 in
2018. Mr. Del Mattos 2018 target variable cash compensation award as a percentage of base salary was set at 90% of his base salary. For 2018, Mr. Del Matto was awarded variable cash compensation of $732,560 in accordance with our
2018 executive variable cash compensation plan.
In connection with joining our company, we provided assistance to Mr. Del Matto with respect to the costs of
his relocation from the State of California to our corporate headquarters in Florida in the amount of $325,000. This assistance included the reimbursement of certain related moving expenses associated with his relocation. This assistance was not
subject to a
gross-up.
Former Interim Chief Financial Officer
In July 2017, our Board of Directors appointed Mr. Coyle, our Senior Vice President of Finance at the time, as Interim Chief Financial Officer. In connection with
his appointment as Interim Chief Financial Officer, the Compensation Committee approved an increase in Mr. Coyles annual base salary from $400,000 to $520,000. Mr. Coyle served as Interim Chief Financial Officer through
February 18, 2018 and his annual base salary returned to $400,000 on March 1, 2018. Effective April 1, 2018, Mr. Coyles annual base salary was increased from $400,000 to $410,000. As a result, Mr. Coyle received
base salary compensation of $427,500 in 2018.
Our Compensation Committee also approved an increase in his target annual variable cash compensation opportunity
from 50% to 90% of his annual base salary during the period of time he served as Interim Chief Financial Officer. In February 2018, his target annual variable cash compensation opportunity returned to 50% of his base salary and effective
April 1, 2018, it was increased to 75% of his base salary. For 2018, Mr. Coyle was awarded variable cash compensation of $554,382 in accordance with our 2018 executive variable cash compensation plan.
Executive Vice President, General Counsel and Secretary
As our
Executive Vice President, General Counsel and Secretary, Mr. Gomes is responsible for overseeing our global legal team.
Effective April 1, 2018,
Mr. Gomes annual base salary was increased from $470,000 to $500,000. As a result, Mr. Gomes received base salary compensation of $492,500 in 2018. Effective April 1, 2018, our Compensation Committee also approved an increase in
Mr. Gomes target variable cash compensation opportunity from 75% to 90% of his base salary. For 2018, Mr. Gomes was awarded variable cash compensation of $728,134 in accordance with our 2018 executive variable cash compensation plan.
Executive Vice President and Chief Product Officer
As
Executive Vice President and Chief Product Officer, Mr. Hough is responsible for providing direction for the current and future technology direction, including our mergers and acquisition strategy, and delivery alignment, innovation and growth
across the product portfolio.
Effective April 1, 2018, Mr. Houghs annual base salary was increased from $430,000 to $450,000. As a result,
Mr. Hough received base salary compensation of $445,000 in 2018. Mr. Houghs target variable cash compensation award as a