Holger Bartel
First SEC filing: Nov. 13, 2015 · Latest: Nov. 13, 2015
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Sept. 28, 2026 | TZOO | D | 200,000 | $5.64 | $1,128,000 | 0 Direct | -100.00% | Disposed | -7.6% (price as of 2026-10-02) |
| Feb. 24, 2026 | TZOO | P | 40,000 | $5.43 | $217,200 | 200,000 Direct | +25.00% | Acquired | -4.1% (price as of 2026-10-02) |
| Feb. 23, 2026 | TZOO | P | 100,000 | $5.49 | $549,000 | 160,000 Direct | +166.67% | Acquired | -5.1% (price as of 2026-10-02) |
| Feb. 20, 2026 | TZOO | P | 60,000 | $5.18 | $310,800 | 60,000 Direct | · | Acquired | 0.6% (price as of 2026-10-02) |
| March 5, 2025 | TZOO | S | 4,000 | $15.42 | $61,680 | 0 Direct | -100.00% | Disposed | -66.2% (price as of 2026-10-02) |
| Dec. 20, 2024 | TZOO | S | 23,057 | $19.73 | $454,915 | 4,000 Direct | -85.22% | Disposed | -73.6% (price as of 2026-10-02) |
| Dec. 17, 2024 | TZOO | S | 12,188 | $20.66 | $251,804 | 27,057 Direct | -31.06% | Disposed | -74.8% (price as of 2026-10-02) |
| Dec. 16, 2024 | TZOO | S | 14,508 | $19.74 | $286,388 | 39,245 Direct | -26.99% | Disposed | -73.6% (price as of 2026-10-02) |
| Dec. 12, 2024 | TZOO | M | 26,557 | $8.14 | $216,174 | 53,753 Direct | +97.65% | Acquired | -36.0% (price as of 2026-10-02) |
| Dec. 12, 2024 | TZOO | M | 100,000 | · | · | 400,000 Direct | -20.00% | Disposed | (price as of 2026-10-02) |
| Dec. 9, 2024 | TZOO | M | 27,196 | $8.14 | $221,375 | 27,196 Direct | · | Acquired | -36.0% (price as of 2026-10-02) |
| Dec. 9, 2024 | TZOO | M | 100,000 | · | · | 500,000 Direct | -16.67% | Disposed | (price as of 2026-10-02) |
| Sept. 26, 2024 | TZOO | S | 100,000 | $11.44 | $1,144,000 | 0 Direct | -100.00% | Disposed | -54.5% (price as of 2026-10-02) |
| Sept. 18, 2024 | TZOO | S | 100,000 | $11.44 | $1,144,000 | 100,000 Direct | -50.00% | Disposed | -54.5% (price as of 2026-10-02) |
| Aug. 20, 2024 | TZOO | S | 30,000 | $12.41 | $372,300 | 200,000 Direct | -13.04% | Disposed | -58.0% (price as of 2026-10-02) |
| Aug. 19, 2024 | TZOO | S | 30,000 | $12.26 | $367,800 | 230,000 Direct | -11.54% | Disposed | -57.5% (price as of 2026-10-02) |
| Aug. 16, 2024 | TZOO | S | 20,000 | $11.91 | $238,200 | 260,000 Direct | -7.14% | Disposed | -56.3% (price as of 2026-10-02) |
| Aug. 12, 2024 | TZOO | S | 2,500 | $10.65 | $26,625 | 280,000 Direct | -0.88% | Disposed | -51.1% (price as of 2026-10-02) |
| Aug. 9, 2024 | TZOO | S | 4,500 | $10.30 | $46,350 | 282,500 Direct | -1.57% | Disposed | -49.4% (price as of 2026-10-02) |
| Aug. 8, 2024 | TZOO | S | 15,534 | $10.12 | $157,204 | 287,000 Direct | -5.13% | Disposed | -48.5% (price as of 2026-10-02) |
| Aug. 1, 2024 | TZOO | S | 13,466 | $10.19 | $137,219 | 302,534 Direct | -4.26% | Disposed | -48.9% (price as of 2026-10-02) |
| June 17, 2024 | TZOO | D | 200,000 | $7.66 | $1,532,000 | 316,000 Direct | -38.76% | Disposed | -32.0% (price as of 2026-10-02) |
| April 26, 2024 | TZOO | A | 600,000 | · | · | 1,200,000 Direct | +100.00% | Acquired | (price as of 2026-10-02) |
| July 29, 2022 | TZOO | P | 25,000 | $5.44 | $136,000 | 516,000 Direct | +5.09% | Acquired | -4.2% (price as of 2026-10-02) |
| May 23, 2022 | TZOO | S | 5,000 | $6.37 | $31,850 | 491,000 Direct | -1.01% | Disposed | -18.2% (price as of 2026-10-02) |
| May 19, 2022 | TZOO | S | 5,000 | $7.12 | $35,600 | 496,000 Direct | -1.00% | Disposed | -26.8% (price as of 2026-10-02) |
| May 17, 2022 | TZOO | S | 1,000 | $7.35 | $7,350 | 501,000 Direct | -0.20% | Disposed | -29.1% (price as of 2026-10-02) |
| May 13, 2022 | TZOO | S | 3,379 | $7.22 | $24,396 | 502,000 Direct | -0.67% | Disposed | -27.8% (price as of 2026-10-02) |
| May 12, 2022 | TZOO | S | 6,088 | $6.54 | $39,816 | 505,379 Direct | -1.19% | Disposed | -20.3% (price as of 2026-10-02) |
| May 10, 2022 | TZOO | S | 3,000 | $6.43 | $19,290 | 511,467 Direct | -0.58% | Disposed | -19.0% (price as of 2026-10-02) |
| May 3, 2022 | TZOO | S | 2,500 | $8.11 | $20,275 | 514,467 Direct | -0.48% | Disposed | -35.8% (price as of 2026-10-02) |
| May 2, 2022 | TZOO | S | 7,000 | $7.40 | $51,800 | 516,967 Direct | -1.34% | Disposed | -29.6% (price as of 2026-10-02) |
| April 29, 2022 | TZOO | S | 4,500 | $6.96 | $31,320 | 523,967 Direct | -0.85% | Disposed | -25.1% (price as of 2026-10-02) |
| April 28, 2022 | TZOO | S | 14,100 | $6.81 | $96,021 | 528,467 Direct | -2.60% | Disposed | -23.5% (price as of 2026-10-02) |
| April 27, 2022 | TZOO | S | 13,600 | $6.69 | $90,984 | 542,567 Direct | -2.45% | Disposed | -22.1% (price as of 2026-10-02) |
| April 25, 2022 | TZOO | A | 600,000 | · | · | 600,000 Direct | · | Acquired | (price as of 2026-10-02) |
| April 15, 2022 | TZOO | M | 540,000 | $3.49 | $1,884,600 | 556,167 Direct | +3340.14% | Acquired | 49.3% (price as of 2026-10-02) |
| April 15, 2022 | TZOO | M | 540,000 | $3.49 | $1,884,600 | 0 Direct | -100.00% | Disposed | 49.3% (price as of 2026-10-02) |
| Dec. 23, 2021 | TZOO | S | 30,668 | $10.20 | $312,814 | 16,167 Direct | -65.48% | Disposed | -48.9% (price as of 2026-10-02) |
| Dec. 22, 2021 | TZOO | S | 7,235 | $10.16 | $73,508 | 46,835 Direct | -13.38% | Disposed | -48.7% (price as of 2026-10-02) |
| Dec. 21, 2021 | TZOO | S | 13,275 | $10.12 | $134,343 | 54,070 Direct | -19.71% | Disposed | -48.5% (price as of 2026-10-02) |
| Dec. 17, 2021 | TZOO | S | 1,500 | $10.01 | $15,015 | 67,345 Direct | -2.18% | Disposed | -48.0% (price as of 2026-10-02) |
| Dec. 15, 2021 | TZOO | S | 3,146 | $10.11 | $31,806 | 68,845 Direct | -4.37% | Disposed | -48.5% (price as of 2026-10-02) |
| Dec. 14, 2021 | TZOO | S | 2,000 | $10.51 | $21,020 | 71,991 Direct | -2.70% | Disposed | -50.4% (price as of 2026-10-02) |
| Dec. 14, 2021 | TZOO | M | 66,345 | $3.49 | $231,544 | 73,991 Direct | +867.71% | Acquired | 49.3% (price as of 2026-10-02) |
| Dec. 14, 2021 | TZOO | M | 100,000 | · | · | 540,000 Direct | -15.62% | Disposed | (price as of 2026-10-02) |
| Dec. 10, 2021 | TZOO | S | 4,500 | $10.53 | $47,385 | 7,646 Direct | -37.05% | Disposed | -50.5% (price as of 2026-10-02) |
| Dec. 9, 2021 | TZOO | S | 2,000 | $10.56 | $21,120 | 12,146 Direct | -14.14% | Disposed | -50.7% (price as of 2026-10-02) |
| Dec. 8, 2021 | TZOO | S | 3,500 | $10.55 | $36,925 | 14,146 Direct | -19.83% | Disposed | -50.6% (price as of 2026-10-02) |
| Dec. 7, 2021 | TZOO | S | 5,300 | $10.38 | $55,014 | 17,646 Direct | -23.10% | Disposed | -49.8% (price as of 2026-10-02) |
| Dec. 6, 2021 | TZOO | S | 3,500 | $9.79 | $34,265 | 22,946 Direct | -13.23% | Disposed | -46.8% (price as of 2026-10-02) |
| Dec. 3, 2021 | TZOO | S | 4,500 | $9.47 | $42,615 | 26,446 Direct | -14.54% | Disposed | -45.0% (price as of 2026-10-02) |
| Dec. 2, 2021 | TZOO | S | 8,536 | $9.43 | $80,494 | 30,946 Direct | -21.62% | Disposed | -44.8% (price as of 2026-10-02) |
| Dec. 1, 2021 | TZOO | S | 2,488 | $9.78 | $24,333 | 39,482 Direct | -5.93% | Disposed | -46.7% (price as of 2026-10-02) |
| Nov. 29, 2021 | TZOO | S | 6,100 | $9.90 | $60,390 | 41,970 Direct | -12.69% | Disposed | -47.4% (price as of 2026-10-02) |
| Nov. 26, 2021 | TZOO | S | 5,000 | $9.62 | $48,100 | 48,070 Direct | -9.42% | Disposed | -45.8% (price as of 2026-10-02) |
| Nov. 24, 2021 | TZOO | S | 7,000 | $9.79 | $68,530 | 53,070 Direct | -11.65% | Disposed | -46.8% (price as of 2026-10-02) |
| Nov. 23, 2021 | TZOO | S | 8,500 | $9.65 | $82,025 | 60,070 Direct | -12.40% | Disposed | -46.0% (price as of 2026-10-02) |
| Nov. 17, 2021 | TZOO | S | 8,000 | $10.05 | $80,400 | 68,570 Direct | -10.45% | Disposed | -48.2% (price as of 2026-10-02) |
| Nov. 10, 2021 | TZOO | S | 28,500 | $10.75 | $306,375 | 76,570 Direct | -27.12% | Disposed | -51.5% (price as of 2026-10-02) |
| Nov. 9, 2021 | TZOO | S | 20,000 | $10.53 | $210,600 | 105,070 Direct | -15.99% | Disposed | -50.5% (price as of 2026-10-02) |
| Nov. 8, 2021 | TZOO | S | 10,500 | $11.14 | $116,970 | 125,070 Direct | -7.75% | Disposed | -53.2% (price as of 2026-10-02) |
| Nov. 5, 2021 | TZOO | S | 1,723 | $10.64 | $18,333 | 67,501 Direct | -2.49% | Disposed | -51.0% (price as of 2026-10-02) |
| Nov. 5, 2021 | TZOO | M | 68,069 | $3.49 | $237,561 | 135,570 Direct | +100.84% | Acquired | 49.3% (price as of 2026-10-02) |
| Nov. 5, 2021 | TZOO | M | 100,000 | · | · | 640,000 Direct | -13.51% | Disposed | (price as of 2026-10-02) |
| Nov. 2, 2021 | TZOO | M | 67,501 | $3.49 | $235,578 | 69,224 Direct | +3917.64% | Acquired | 49.3% (price as of 2026-10-02) |
| Nov. 2, 2021 | TZOO | M | 100,000 | $3.49 | $349,000 | 740,000 Direct | -11.90% | Disposed | 49.3% (price as of 2026-10-02) |
| Sept. 20, 2021 | TZOO | S | 17,810 | $10.80 | $192,348 | 1,723 Direct | -91.18% | Disposed | -51.8% (price as of 2026-10-02) |
| Sept. 17, 2021 | TZOO | S | 20,952 | $11.46 | $240,110 | 19,533 Direct | -51.75% | Disposed | -54.5% (price as of 2026-10-02) |
| Sept. 16, 2021 | TZOO | M | 41,485 | $3.49 | $144,783 | 41,485 Direct | · | Acquired | 49.3% (price as of 2026-10-02) |
| Sept. 16, 2021 | TZOO | S | 1,000 | $11.37 | $11,370 | 40,485 Direct | -2.41% | Disposed | -54.2% (price as of 2026-10-02) |
| Sept. 16, 2021 | TZOO | M | 60,000 | · | · | 840,000 Direct | -6.67% | Disposed | (price as of 2026-10-02) |
| Sept. 13, 2021 | TZOO | S | 5,000 | $11.64 | $58,200 | 0 Direct | -100.00% | Disposed | -55.2% (price as of 2026-10-02) |
| Sept. 10, 2021 | TZOO | S | 34,432 | $11.28 | $388,393 | 5,000 Direct | -87.32% | Disposed | -53.8% (price as of 2026-10-02) |
| Sept. 9, 2021 | TZOO | S | 5,703 | $11.42 | $65,128 | 39,432 Direct | -12.64% | Disposed | -54.4% (price as of 2026-10-02) |
| Sept. 7, 2021 | TZOO | S | 20,000 | $11.63 | $232,600 | 45,135 Direct | -30.71% | Disposed | -55.2% (price as of 2026-10-02) |
| Sept. 3, 2021 | TZOO | S | 5,508 | $12.48 | $68,740 | 65,135 Direct | -7.80% | Disposed | -58.3% (price as of 2026-10-02) |
| Sept. 2, 2021 | TZOO | S | 1,800 | $12.66 | $22,788 | 70,643 Direct | -2.48% | Disposed | -58.8% (price as of 2026-10-02) |
| Sept. 1, 2021 | TZOO | S | 17,500 | $12.48 | $218,400 | 72,443 Direct | -19.46% | Disposed | -58.3% (price as of 2026-10-02) |
| Aug. 31, 2021 | TZOO | M | 71,416 | $3.49 | $249,242 | 89,943 Direct | +385.47% | Acquired | 49.3% (price as of 2026-10-02) |
| Aug. 31, 2021 | TZOO | M | 100,000 | · | · | 900,000 Direct | -10.00% | Disposed | (price as of 2026-10-02) |
| Aug. 31, 2021 | TZOO | S | 2,217 | $12.34 | $27,358 | 18,527 Direct | -10.69% | Disposed | -57.8% (price as of 2026-10-02) |
| Aug. 30, 2021 | TZOO | M | 17,944 | $3.49 | $62,625 | 35,971 Direct | +99.54% | Acquired | 49.3% (price as of 2026-10-02) |
| Aug. 30, 2021 | TZOO | S | 5,725 | $12.16 | $69,616 | 20,744 Direct | -21.63% | Disposed | -57.2% (price as of 2026-10-02) |
| Aug. 30, 2021 | TZOO | M | 50,000 | · | · | 1,000,000 Direct | -4.76% | Disposed | (price as of 2026-10-02) |
| Aug. 27, 2021 | TZOO | S | 9,502 | $12.58 | $119,535 | 26,469 Direct | -26.42% | Disposed | -58.6% (price as of 2026-10-02) |
| Aug. 23, 2021 | TZOO | M | 18,027 | $3.49 | $62,914 | 18,027 Direct | · | Acquired | 49.3% (price as of 2026-10-02) |
| Aug. 23, 2021 | TZOO | M | 50,000 | · | · | 1,050,000 Direct | -4.55% | Disposed | (price as of 2026-10-02) |
| Aug. 16, 2021 | TZOO | S | 4,666 | $12.72 | $59,352 | 0 Direct | -100.00% | Disposed | -59.0% (price as of 2026-10-02) |
| Aug. 13, 2021 | TZOO | S | 1,400 | $13.29 | $18,606 | 4,666 Direct | -23.08% | Disposed | -60.8% (price as of 2026-10-02) |
| Aug. 12, 2021 | TZOO | S | 4,000 | $13.84 | $55,360 | 6,066 Direct | -39.74% | Disposed | -62.4% (price as of 2026-10-02) |
| Aug. 2, 2021 | TZOO | S | 81,973 | $14.25 | $1,168,115 | 10,066 Direct | -89.06% | Disposed | -63.4% (price as of 2026-10-02) |
| July 30, 2021 | TZOO | S | 60,727 | $13.97 | $848,356 | 92,039 Direct | -39.75% | Disposed | -62.7% (price as of 2026-10-02) |
| July 29, 2021 | TZOO | M | 152,766 | $3.49 | $533,153 | 152,766 Direct | · | Acquired | 49.3% (price as of 2026-10-02) |
| July 29, 2021 | TZOO | M | 400,000 | · | · | 1,100,000 Direct | -26.67% | Disposed | (price as of 2026-10-02) |
| May 21, 2021 | TZOO | S | 30,000 | $16.79 | $503,700 | 0 Direct | -100.00% | Disposed | -69.0% (price as of 2026-10-02) |
| May 11, 2021 | TZOO | S | 21,349 | $17.30 | $369,338 | 30,000 Direct | -41.58% | Disposed | -69.9% (price as of 2026-10-02) |
| May 10, 2021 | TZOO | S | 9,500 | $17.68 | $167,960 | 51,349 Direct | -15.61% | Disposed | -70.5% (price as of 2026-10-02) |
| March 29, 2021 | TZOO | D | 100,000 | $15.83 | $1,583,000 | 60,849 Direct | -62.17% | Disposed | -67.1% (price as of 2026-10-02) |
| March 26, 2021 | TZOO | M | 44,205 | $3.49 | $154,275 | 160,849 Direct | +37.90% | Acquired | 49.3% (price as of 2026-10-02) |
Showing latest 100 of 210 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| Dec. 12, 2024 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.14 | March 3, 2027 | 100,000 | Disposed |
| Dec. 9, 2024 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.14 | March 3, 2027 | 100,000 | Disposed |
| April 26, 2024 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.58 | March 27, 2029 | 600,000 | Acquired |
| April 25, 2022 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.14 | March 3, 2027 | 600,000 | Acquired |
| April 15, 2022 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 5, 2024 | 540,000 | Disposed |
| Dec. 14, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 100,000 | Disposed |
| Nov. 5, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 100,000 | Disposed |
| Nov. 2, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 5, 2024 | 100,000 | Disposed |
| Sept. 16, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 5, 2024 | 60,000 | Disposed |
| Aug. 31, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 5, 2024 | 100,000 | Disposed |
| Aug. 30, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 50,000 | Disposed |
| Aug. 23, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 50,000 | Disposed |
| July 29, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 400,000 | Disposed |
| March 26, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Sept. 28, 2025 | 100,000 | Disposed |
| March 17, 2021 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $3.49 | Oct. 30, 2027 | 300,000 | Disposed |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.07 | Sept. 28, 2025 | 400,000 | Disposed |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) [F3] | Common Stock | $3.49 | Sept. 28, 2025 | 800,000 | Acquired |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $6.95 | Oct. 30, 2027 | 150,000 | Disposed |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) [F3] | Common Stock | $3.49 | Oct. 30, 2027 | 300,000 | Acquired |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $10.79 | Sept. 5, 2024 | 400,000 | Disposed |
| May 29, 2020 | TZOO | Stock Option (Right-to-Buy) [F3] | Common Stock | $3.49 | Sept. 5, 2024 | 800,000 | Acquired |
| Sept. 5, 2019 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $10.79 | Sept. 5, 2024 | 400,000 | Acquired |
| Sept. 5, 2019 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $10.79 | Sept. 5, 2024 | 400,000 | Acquired |
| May 29, 2019 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $6.95 | Oct. 30, 2027 | 250,000 | Disposed |
| Oct. 30, 2017 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $6.95 | Oct. 30, 2027 | 400,000 | Acquired |
| Sept. 28, 2015 | TZOO | Stock Option (Right-to-Buy) | Common Stock | $8.07 | Sept. 28, 2025 | 400,000 | Acquired |
| Jan. 6, 2009 | TZOO | Stock Option (Right to Buy) | Common Stock | $1.00 | Jan. 22, 2011 | 21,583 | Disposed |
| May 14, 2008 | TZOO | Stock Option (right to buy) | Common Stock | $3.00 | March 25, 2012 | 50 | Disposed |
| May 14, 2008 | TZOO | Stock Option (right to buy) | Common Stock | $2.00 | Oct. 30, 2011 | 300 | Disposed |
| Sept. 2, 2005 | TZOO | Common Stock | Common Stock | $3.00 | March 25, 2012 | 50 | Acquired |
| Sept. 2, 2005 | TZOO | Common Stock | Common Stock | $2.00 | Oct. 30, 2011 | 300 | Acquired |
| Sept. 2, 2005 | TZOO | Common Stock | Common Stock | $1.00 | Jan. 22, 2011 | 21,583 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2025 | $490,800 | $95,750 | · | · | · | · | · | $586,550 |
| 2024 | $476,250 | $100,000 | · | $2,437,800 | · | · | · | $3,014,050 |
| 2023 | $461,250 | $100,000 | · | · | · | · | · | $561,250 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.