Ubiquiti Inc. Executive Compensation Details Revealed
Ticker: UI · Form: DEF 14A · Filed: Oct 28, 2024 · CIK: 1511737
| Field | Detail |
|---|---|
| Company | Ubiquiti Inc. (UI) |
| Form Type | DEF 14A |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
Related Tickers: UBNT
TL;DR
Ubiquiti's exec comp filing is out - check out those equity awards for PEOs and Non-PEOs!
AI Summary
Ubiquiti Inc. filed its DEF 14A on October 28, 2024, detailing executive compensation for the fiscal year ending June 30, 2024. The filing includes information on equity awards granted to its principal executive officer (PEO) and non-principal executive officers (Non-PEO), with details on the change in fair value of outstanding awards and vesting dates.
Why It Matters
This filing provides transparency into how Ubiquiti Inc. compensates its top executives, which can influence investor decisions and perceptions of company management.
Risk Assessment
Risk Level: low — This is a routine annual filing disclosing executive compensation, not indicating any immediate operational or financial risks.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the executive compensation data.)
- 2023 — Previous Fiscal Year End (For comparative analysis of compensation trends.)
Key Players & Entities
- Ubiquiti Inc. (company) — Filer of the DEF 14A
- 20241028 (date) — Filing date of the DEF 14A
- 20240630 (date) — Fiscal year end for compensation details
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.
When did Ubiquiti Inc. file this DEF 14A?
Ubiquiti Inc. filed this DEF 14A on October 28, 2024.
What fiscal year does the compensation information in this filing pertain to?
The compensation information in this filing pertains to the fiscal year ending June 30, 2024.
What types of compensation are detailed for executives?
The filing details equity awards, including the change in fair value of outstanding awards and vesting dates, for both principal executive officers (PEO) and non-principal executive officers (Non-PEO).
What was Ubiquiti Inc.'s previous company name?
Ubiquiti Inc.'s former company name was Ubiquiti Networks, Inc., with a date of name change on February 1, 2011.
Filing Stats: 4,844 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-10-28 16:01:21
Filing Documents
- ubnt-20241025.htm (DEF 14A) — 511KB
- ubnt-20241025_g1.jpg (GRAPHIC) — 13KB
- ubnt-20241025_g2.jpg (GRAPHIC) — 2KB
- ubnt-20241025_g3.jpg (GRAPHIC) — 66KB
- ubnt-20241025_g4.jpg (GRAPHIC) — 58KB
- ubnt-20241025_g5.jpg (GRAPHIC) — 123KB
- ubnt-20241025_g6.jpg (GRAPHIC) — 111KB
- 0001511737-24-000065.txt ( ) — 1894KB
- ubnt-20241025.xsd (EX-101.SCH) — 1KB
- ubnt-20241025_htm.xml (XML) — 65KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 25 Compensation Discussion and Analysis 25 Compensation Committee Report 30 Fiscal 202 4 Summary Compensation Table 31 CEO Pay Ratio 31 Grants of Plan-Based Awards for Fiscal 202 4 32 Outstanding Equity Awards at June 30, 20 2 4 32 Option Exercises and Stock Vested in Fiscal 202 4 32 Pension Benefits & Nonqualified Deferred Compensation 32 Employment Agreements 32 Potential Payments upon Termination or Change of Control 33 Pay Versus Performance 33 EQUITY COMPENSATION PLAN INFORMATION 37 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 37 Policies and Procedures for Related Party Transactions 37
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT RELATED STOCKHOLDER MATTERS
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT RELATED STOCKHOLDER MATTERS 37 ANNUAL REPORT 39 OTHER MATTERS 40 202 4 PROXY CARD 40 6 Ubiquiti Inc. 685 Third Avenue, 27th Floor New York, NY 10017 (646) 780-7958 PROXY STATEMENT QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING Q: Why am I receiving these materials? A: Ubiquiti Inc.'s ("Company", "Ubiquiti", "we", "us" or "our") Board of Directors (our "Board") has made these materials available to you on the internet and has delivered printed proxy materials to you, in connection with the solicitation of proxies for use at the virtual annual meeting of stockholders, which will take place on December 5, 2024 at 10:00 a.m. Eastern Time (the "Annual Meeting"). As a stockholder, you are invited to attend the virtual Annual Meeting and are requested to vote on the items of business described in this proxy statement. The virtual Annual Meeting can be accessed by visiting www.virtualshareholdermeeting.com/UI2024, where you will be able to listen to the meeting live, submit questions and vote online. We believe that a virtual stockholder meeting provides greater access to those who may want to attend and therefore have chosen this meeting format over an in-person meeting. Q: What items of business will be voted on at the Annual Meeting? A: The items of business scheduled to be voted on at the Annual Meeting are: The election of the two Class I directors named in this proxy statement to serve until the third annual meeting of our stockholders following their election or until their successors are duly elected and qualified; To ratify the appointment of KPMG as our independent registered public accountants for the fiscal year ending June 30, 2025 ("fiscal 2025"); To conduct a non-binding advisory vote to approve named executive officer compensation ; and To conduct a non-binding advisory vote on the frequency of holding an advisory stockholder vote on exec