Adeia Inc. Files DEF 14A with Executive Compensation Details

Ticker: ADEA · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 1803696

Adeia Inc. DEF 14A Filing Summary
FieldDetail
CompanyAdeia Inc. (ADEA)
Form TypeDEF 14A
Filed DateMar 27, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$26,000, $388.8 m
Sentimentneutral

Sentiment: neutral

Topics: Adeia Inc., DEF 14A, Executive Compensation, Stock Awards, Option Awards

TL;DR

<b>Adeia Inc. filed its DEF 14A, detailing executive compensation and the fair value of stock and option awards for fiscal years 2020-2023.</b>

AI Summary

Adeia Inc. (ADEA) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. Adeia Inc. (formerly Xperi Holding Corp) filed a DEF 14A on March 27, 2024. The filing pertains to the fiscal year ending December 31, 2023. It includes details on executive compensation, specifically stock and option awards. Key executives mentioned include Jon Kirchner and Paul E. Davis. The filing details the fair value of awards granted and changes in fair value over various fiscal years (2020-2023).

Why It Matters

For investors and stakeholders tracking Adeia Inc., this filing contains several important signals. This filing provides transparency into the compensation structure for Adeia's top executives, which can influence investor perception and retention of key talent. Understanding the valuation and changes in stock and option awards offers insight into management's performance incentives and the company's perceived future value.

Risk Assessment

Risk Level: low — Adeia Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and award valuations, with no immediate red flags or significant new information that would suggest high risk.

Analyst Insight

Investors should review the executive compensation tables and the details on stock/option award valuations to understand potential dilution and management incentives.

Executive Compensation

NameTitleTotal Compensation
Jon KirchnerExecutive
Paul E. DavisExecutive

Key Numbers

  • 2023-12-31 — Fiscal Year End (Reporting period for the DEF 14A)
  • 2024-03-27 — Filing Date (Date the DEF 14A was filed)
  • 2020-2023 — Award Valuation Period (Fiscal years covered for stock and option award fair value changes)

Key Players & Entities

  • Adeia Inc. (company) — Filer of the DEF 14A
  • Xperi Holding Corp (company) — Former name of Adeia Inc.
  • Jon Kirchner (person) — Executive mentioned in compensation details
  • Paul E. Davis (person) — Executive mentioned in compensation details
  • 2024-03-27 (date) — Filing date of the DEF 14A
  • 2023-12-31 (date) — Fiscal year end for which data is reported
  • 2020-01-01 (date) — Start of reporting period for award valuations
  • 2023-12-31 (date) — End of reporting period for award valuations

FAQ

When did Adeia Inc. file this DEF 14A?

Adeia Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 27, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Adeia Inc. (ADEA).

Where can I read the original DEF 14A filing from Adeia Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Adeia Inc..

What are the key takeaways from Adeia Inc.'s DEF 14A?

Adeia Inc. filed this DEF 14A on March 27, 2024. Key takeaways: Adeia Inc. (formerly Xperi Holding Corp) filed a DEF 14A on March 27, 2024.. The filing pertains to the fiscal year ending December 31, 2023.. It includes details on executive compensation, specifically stock and option awards..

Is Adeia Inc. a risky investment based on this filing?

Based on this DEF 14A, Adeia Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and award valuations, with no immediate red flags or significant new information that would suggest high risk.

What should investors do after reading Adeia Inc.'s DEF 14A?

Investors should review the executive compensation tables and the details on stock/option award valuations to understand potential dilution and management incentives. The overall sentiment from this filing is neutral.

Risk Factors

  • Executive Compensation Disclosures [medium — financial]: The filing details the fair value and changes in fair value of stock and option awards granted to executives, which can impact future share count and earnings per share.

Key Dates

  • 2024-03-27: DEF 14A Filing — Provides updated information on executive compensation and corporate governance.
  • 2023-12-31: Fiscal Year End — The period for which financial and compensation data is reported.

Glossary

DEF 14A
Definitive Proxy Statement (Required SEC filing for companies soliciting proxies from shareholders, often containing executive compensation details and other corporate governance information.)

Filing Stats: 4,734 words · 19 min read · ~16 pages · Grade level 13.6 · Accepted 2024-03-27 16:05:33

Key Financial Figures

  • $26,000 — ay a fee in the amount of approximately $26,000 to Alliance Advisors as our proxy solic
  • $388.8 m — ng business. Our 2023 total revenue was $388.8 million, representing an 11.4% decrease f

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 33

EXECUTIVE COMPENSATION AND RELATED INFORMATION

EXECUTIVE COMPENSATION AND RELATED INFORMATION 34 Compensation Discussion and Analysis 34 2023 Executive & Compensation Highlights 35 Summary of Certain Executive Compensation Practices 37 Compensation-Setting Process 38

Executive Compensation Components

Executive Compensation Components 41 Post-Employment Compensation Arrangements 46 Other Compensation Related Policies 47 REPORT OF THE COMPENSATION COMMITTEE 52 COMPENSATION OF NAMED EXECUTIVE OFFICERS 53 2023 PENSION BENEFITS 56 2023 NONQUALIFIED DEFERRED COMPENSATION 56 POTENTIAL PAYMENTS UPON CHANGE IN CONTROL OR TERMINATION 57 CEO PAY RATIO 58 PAY VERSUS PERFORMANCE 58 PROPOSAL 2 – ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 64 Voting and Board' Recommendation 64 PROPOSAL 3 – APPROVAL OF AN AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN 65 Voting and Board' Recommendation 77 PROPOSAL 4 – RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 78 Fees for Professional Audit Services 78 Audit Committee Pre-Approval Policies 78 Voting and Board' Recommendation 79 REPORT OF THE AUDIT COMMITTEE 80 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 81 Procedures for Approval of Related Person Transactions 82 Compensation Committee Interlocks and Insider Participation 82 STOCKHOLDER PROPOSALS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS 82 SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 83 OTHER MATTERS 83 APPENDIX A – AMENDED AND RESTATED 2020 EQUITY INCENTIVE PLAN 84 4 | ADEIA - Proxy Statement Table of Contents Adeia Inc. 3025 Orchard Parkway San Jose, CA 95134 PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 9, 2024 This proxy statement is furnished in connection with the solicitation of proxies for use prior to or at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of Adeia Inc. (together with its subsidiaries, herein referred to as the "Company" or "Adeia"), a Delaware corporation, to be held at 10:00 a.m. Pacific Time on Thursday, May 9, 2024 and at any adjournments or postponements thereof for the following purposes: To elect seven (7) members of the Board to hold office until the n

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