Cottle was recruited from EA back in January 2012. His new package since April is $500,000 cash and stock bonuses. There is a great article on All Thing D, February 4, 2013, "Getting Back Into The Game: Can This Trio - Chaing, Ko, Cottle - Revive Zynga?" by Tricia Duryee. Google and read it. Cottle has a great job and challenging responsibility. He'd be nuts to leave. All is right with the Z.
"On April4, 2013 Zynga filed an 8-K Form with the Securities Exchange Commission related to the management team's compensation, which revealed that salaries for six key employees have doubled in 2013.
As a result chief revenue officer Barry Cottle will receive cash and equity bonuses exceeding $1 mil if certain targets are met over the course of the year."
Don't know what's up, but he ain't leavin' that kind of cash on the table.
Thanks Point... Well it's a fact he's sold 500k shares leaving him at zero... As a Long that makes me mad... It's not nothing and we should call him out on it...
When key people sell to zero it's a clear signal something is wrong... And as an owner maybe what's wrong is we need a different Chief Revenue officer.
It's no big deal. He sold his shares pursuant to a 10b5-1 plan on 11/30/12, which was a prearranged plan of sale. He's only been at the company since the beginning of 2012. He likely got a bunch of stock options as his primary source of compensation and decided to sell at different times under a prearranged plan. His latest sale (yesterday) was only 7197 shares, which is equal to just under $23,000.
He'll get more stock options in the future if he remains with the company and he can continue to sell or hold.
B's need to recognize.
Well, thanks for the reply... It makes me nervous to see him sell to zero. He was awarded 500k shares and has been selling since but it really picked up in the last few weeks.
Ordinarily I would ignore it and I may not act on it, but it's not nothing. It shows a lack in confidence...