Mr. Shenkman maintains his primary residence in the state of Pennsylvania. As part of his annual compensation,
we therefore pay costs associated with Mr. Shenkmans travel between his residence in Pennsylvania and our headquarters in Florida, and we also leased an apartment for Mr. Shenkmans use in Florida. See Summary Compensation Table
for more information. We do not believe that Mr. Shenkmans Pennsylvania residency has a negative impact on the quality of his service to us or on his ability to meet his obligations as Executive Vice President and Chief Financial Officer.
Former Executive Vice President and Chief Financial Officer
As announced on April 24, 2019, Mr. Del Mattos employment with Citrix ended on April 26, 2019. While serving as our 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.
For 2019, Mr. Del Mattos annual base salary was set at $550,000, and he received base salary compensation of $179,167 in 2019 for the period of time during
2019 that Mr. Del Matto served as Chief Financial Officer. Mr. Del Mattos 2019 target variable cash compensation award as a percentage of base salary was set at 90% of his base salary. As a result of Mr. Del Mattos
departure during 2019, Mr. Del Matto did not receive variable cash compensation for 2019.
In connection with Mr. Del Mattos departure and in order
to provide an orderly transition, we entered into a letter agreement with Mr. Del Matto, pursuant to which the vesting of 10,038 time-based restricted stock units previously granted to Mr. Del Matto accelerated, subject to Mr. Del
Mattos agreeing to provide consulting and transitional support for a one-month period following the date of termination of his employment and signing a separation and release agreement. Mr. Del
Matto forfeited all of his other unvested equity awards upon his departure from Citrix.
Former Interim Chief Financial Officer
In April 2019, our Board of Directors appointed Ms. Soisson, our Vice President, Corporate Controller and Chief Accounting Officer, as Interim Chief Financial
Officer. In connection with her appointment as Interim Chief Financial Officer, the Compensation Committee approved an increase in Ms. Soissons annual base salary from $350,130 to $530,000. Ms. Soisson served as Interim Chief
Financial Officer through September 8, 2019, and her annual base salary returned to $350,130 on September 16, 2019. As a result, Ms. Soisson received base salary compensation of $415,956 in 2019.
Our Compensation Committee also approved an increase in Ms. Soissons target annual variable cash compensation opportunity from 50% to 90% of her annual base
salary during the period of time she served as Interim Chief Financial Officer. On September 16, 2019, Ms. Soissons target annual variable cash compensation opportunity returned to 50% of her base salary. For 2019,
Ms. Soisson was awarded variable cash compensation of $287,995 in accordance with our 2019 executive variable cash compensation plan.
Executive
Vice President and Chief Revenue Officer
As Executive Vice President and Chief Revenue Officer, Mr. Ferrer is responsible for leading our global sales
and services organization.
Effective April 1, 2019, Mr. Ferrers annual base salary was increased from $550,000 to $575,000. As a result,
Mr. Ferrer received base salary compensation of $568,750 in 2019. Mr. Ferrers 2019 target variable cash compensation award as a percentage of base salary was set at 100% of his base salary. For 2019, Mr. Ferrer was awarded
variable cash compensation of $559,165 in accordance with our 2019 executive variable cash compensation plan.
Executive Vice President, Chief Legal
Officer and Secretary
As our Executive Vice President, Chief Legal Officer and Secretary, Mr. Gomes is responsible for leading a multidisciplinary
team and oversees our global legal, compliance, digital risk, and internal audit functions to advance our objectives while managing risk.
For 2019,
Mr. Gomes annual base salary was $500,000. As a result, Mr. Gomes received base salary compensation of $500,000 in 2019. For 2019, Mr. Gomes target variable cash compensation opportunity was 90% of his base salary. For
2019, Mr. Gomes was awarded variable cash compensation of $442,350 in accordance with our 2019 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 companys current and future technology, including driving product alignment, innovation and growth across our product portfolio.
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