Margaret L Johnson
CIK 1320483 · View on SEC EDGAR ↗
First SEC filing: July 2, 2024 · Latest: July 2, 2024
On this page
- Insider at Companies where this person is a reporting insider.
- Insider transactions Every share this person bought or sold, from Form 4 filings.
- Derivatives Options and other derivative holdings reported by this person.
- Initial holdings The stakes this person held when they first started reporting.
- Compensation Executive pay disclosed in company proxy statements.
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 |
|---|---|---|---|---|---|---|---|---|---|
| March 13, 2017 | LYV | S | 9,000 | $28.63 | $257,670 | 11,152 Indirect | -44.66% | Disposed | 536.8% (price as of 2026-08-21) |
| Aug. 1, 2014 | QCOM | S 10b5-1 | 2,400 | $73.69 | $176,856 | 24,490 Direct | -8.93% | Disposed | 118.5% (price as of 2026-08-21) |
| July 1, 2014 | QCOM | S 10b5-1 | 2,400 | $79.35 | $190,440 | 24,320 Direct | -8.98% | Disposed | 102.9% (price as of 2026-08-21) |
| June 2, 2014 | QCOM | S 10b5-1 | 797 | $80.66 | $64,286 | 24,320 Direct | -3.17% | Disposed | 99.6% (price as of 2026-08-21) |
| June 2, 2014 | QCOM | S 10b5-1 | 1,603 | $80.66 | $129,298 | 24,320 Direct | -6.18% | Disposed | 99.6% (price as of 2026-08-21) |
| May 1, 2014 | QCOM | S 10b5-1 | 731 | $78.53 | $57,405 | 24,320 Direct | -2.92% | Disposed | 105.0% (price as of 2026-08-21) |
| May 1, 2014 | QCOM | S 10b5-1 | 1,669 | $78.53 | $131,067 | 24,320 Direct | -6.42% | Disposed | 105.0% (price as of 2026-08-21) |
| April 1, 2014 | QCOM | S 10b5-1 | 1,225 | $79.26 | $97,094 | 24,320 Direct | -4.80% | Disposed | 103.1% (price as of 2026-08-21) |
| April 1, 2014 | QCOM | S 10b5-1 | 1,175 | $79.26 | $93,130 | 24,320 Direct | -4.61% | Disposed | 103.1% (price as of 2026-08-21) |
| March 3, 2014 | QCOM | S 10b5-1 | 2,400 | $74.62 | $179,088 | 24,320 Direct | -8.98% | Disposed | 115.8% (price as of 2026-08-21) |
| Feb. 3, 2014 | QCOM | S 10b5-1 | 2,400 | $73.71 | $176,904 | 24,320 Direct | -8.98% | Disposed | 118.4% (price as of 2026-08-21) |
| Jan. 13, 2014 | QCOM | S 10b5-1 | 2,400 | $73.83 | $177,192 | 24,129 Direct | -9.05% | Disposed | 118.1% (price as of 2026-08-21) |
| Dec. 2, 2013 | QCOM | S 10b5-1 | 6,000 | $73.68 | $442,080 | 24,129 Direct | -19.91% | Disposed | 118.5% (price as of 2026-08-21) |
| Nov. 29, 2013 | QCOM | S 10b5-1 | 19,077 | $73.64 | $1,404,830 | 24,129 Direct | -44.15% | Disposed | 118.6% (price as of 2026-08-21) |
| Nov. 15, 2013 | QCOM | S | 8,274 | $71.85 | $594,487 | 24,129 Direct | -25.53% | Disposed | 124.1% (price as of 2026-08-21) |
Showing latest 100 of 929 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 |
|---|---|---|---|---|---|---|---|
| Nov. 17, 2023 | FOX | Deferred Stock Units | Class A Common Stock (6,422) | — | — | 6,422 | Acquired |
| Aug. 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,400) | $49.12 | Dec. 12, 2017 | 2,400 | Disposed |
| July 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,400) | $49.12 | Dec. 12, 2017 | 2,400 | Disposed |
| June 2, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (797) | $34.83 | Nov. 9, 2016 | 797 | Disposed |
| June 2, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (1,603) | $35.66 | Nov. 6, 2018 | 1,603 | Disposed |
| May 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (731) | $35.66 | Nov. 6, 2018 | 731 | Disposed |
| May 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (1,669) | $44.75 | Nov. 8, 2019 | 1,669 | Disposed |
| April 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (1,225) | $44.75 | Nov. 8, 2019 | 1,225 | Disposed |
| April 1, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (1,175) | $49.12 | Dec. 12, 2017 | 1,175 | Disposed |
| March 3, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,400) | $49.12 | Dec. 12, 2017 | 2,400 | Disposed |
| Feb. 3, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,400) | $49.12 | Dec. 12, 2017 | 2,400 | Disposed |
| Jan. 13, 2014 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,400) | $49.12 | Dec. 12, 2017 | 2,400 | Disposed |
| Dec. 2, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,000) | $44.75 | Nov. 8, 2019 | 6,000 | Disposed |
| Nov. 20, 2013 | QCOM | Restricted Stock Unit | Common Stock (6,485) | $1.00 | Sept. 28, 2023 | 6,485 | Disposed |
| Nov. 8, 2013 | QCOM | Restricted Stock Unit | Common Stock (8,557) | $1.00 | Nov. 7, 2020 | 8,557 | Disposed |
| Nov. 8, 2013 | QCOM | Restricted Stock Unit | Common Stock (731) | $1.00 | — | 731 | Disposed |
| Nov. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,667) | $34.83 | Nov. 9, 2016 | 3,667 | Disposed |
| Nov. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,333) | $35.66 | Nov. 6, 2018 | 2,333 | Disposed |
| Oct. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (1,064) | $34.83 | Nov. 9, 2016 | 1,064 | Disposed |
| Oct. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (4,936) | $35.66 | Nov. 6, 2018 | 4,936 | Disposed |
| Sept. 29, 2013 | QCOM | Restricted Stock Unit | Common Stock (19,457) | $1.00 | Sept. 28, 2023 | 19,457 | Acquired |
| Sept. 3, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,000) | $35.66 | Nov. 6, 2018 | 6,000 | Disposed |
| Aug. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (731) | $35.66 | Nov. 6, 2018 | 731 | Disposed |
| Aug. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,894) | $44.75 | Nov. 8, 2019 | 2,894 | Disposed |
| Aug. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,375) | $49.12 | Dec. 12, 2017 | 2,375 | Disposed |
| July 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,000) | $49.12 | Dec. 12, 2017 | 6,000 | Disposed |
| June 3, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,000) | $44.75 | Nov. 8, 2019 | 6,000 | Disposed |
| May 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,667) | $34.83 | Nov. 9, 2016 | 3,667 | Disposed |
| May 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,333) | $35.66 | Nov. 6, 2018 | 2,333 | Disposed |
| April 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,625) | $34.83 | Nov. 9, 2016 | 2,625 | Disposed |
| April 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,375) | $35.66 | Nov. 6, 2018 | 3,375 | Disposed |
| March 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,625) | $35.66 | Nov. 6, 2018 | 3,625 | Disposed |
| March 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,375) | $49.12 | Dec. 12, 2017 | 2,375 | Disposed |
| Feb. 1, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,000) | $49.12 | Dec. 12, 2017 | 6,000 | Disposed |
| Jan. 2, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,667) | $34.83 | Nov. 9, 2016 | 3,667 | Disposed |
| Jan. 2, 2013 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,333) | $35.66 | Nov. 6, 2018 | 2,333 | Disposed |
| Dec. 3, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (11,254) | $34.83 | Nov. 9, 2016 | 11,254 | Disposed |
| Dec. 3, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (7,352) | $35.66 | Nov. 6, 2018 | 7,352 | Disposed |
| Dec. 3, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (2,500) | $37.29 | Nov. 11, 2017 | 2,500 | Disposed |
| Dec. 3, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (8,894) | $44.75 | Nov. 8, 2019 | 8,894 | Disposed |
| Nov. 8, 2012 | QCOM | Restricted Stock Unit | Common Stock (9,117) | $1.00 | Nov. 7, 2020 | 9,117 | Disposed |
| Nov. 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (10,407) | $35.66 | Nov. 6, 2018 | 10,407 | Disposed |
| Nov. 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (10,000) | $37.29 | Nov. 11, 2017 | 10,000 | Disposed |
| Nov. 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (9,593) | $44.75 | Nov. 8, 2019 | 9,593 | Disposed |
| Oct. 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.75 | Nov. 8, 2019 | 30,000 | Disposed |
| Sept. 4, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (4,875) | $44.75 | Nov. 8, 2019 | 4,875 | Disposed |
| Sept. 4, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (25,125) | $49.12 | Dec. 12, 2017 | 25,125 | Disposed |
| July 2, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (25,000) | $35.66 | Nov. 6, 2018 | 25,000 | Disposed |
| July 2, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (5,000) | $37.29 | Nov. 11, 2017 | 5,000 | Disposed |
| June 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (8,575) | $35.66 | Nov. 6, 2018 | 8,575 | Disposed |
| June 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (21,425) | $37.29 | Nov. 11, 2017 | 21,425 | Disposed |
| May 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $37.29 | Nov. 11, 2017 | 30,000 | Disposed |
| April 2, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $37.29 | Nov. 11, 2017 | 30,000 | Disposed |
| March 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (25,000) | $37.29 | Nov. 11, 2017 | 25,000 | Disposed |
| March 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (5,000) | $43.62 | Dec. 2, 2014 | 5,000 | Disposed |
| Feb. 1, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $43.62 | Dec. 2, 2014 | 30,000 | Disposed |
| Jan. 3, 2012 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $43.62 | Dec. 2, 2014 | 30,000 | Disposed |
| Dec. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $43.62 | Dec. 2, 2014 | 30,000 | Disposed |
| Nov. 8, 2011 | QCOM | Restricted Stock Unit | Common Stock (8,836) | $1.00 | Nov. 7, 2020 | 8,836 | Disposed |
| Nov. 8, 2011 | QCOM | Restricted Stock Unit | Common Stock (139) | $1.00 | — | 139 | Disposed |
| Nov. 3, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (10,000) | $43.62 | Dec. 2, 2014 | 10,000 | Disposed |
| Nov. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (20,000) | $43.62 | Dec. 2, 2014 | 20,000 | Disposed |
| Oct. 14, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (20,000) | $43.62 | Dec. 2, 2014 | 20,000 | Disposed |
| Oct. 5, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (11,888) | $43.62 | Dec. 2, 2014 | 11,888 | Disposed |
| Oct. 4, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (8,112) | $43.62 | Dec. 2, 2014 | 8,112 | Disposed |
| Sept. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (20,000) | $43.62 | Dec. 2, 2014 | 20,000 | Disposed |
| Aug. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (15,000) | $43.62 | Dec. 2, 2014 | 15,000 | Disposed |
| Aug. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (15,000) | $44.02 | Nov. 3, 2015 | 15,000 | Disposed |
| July 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| June 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| May 2, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| April 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| March 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| Feb. 1, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (30,000) | $44.02 | Nov. 3, 2015 | 30,000 | Disposed |
| Jan. 27, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (21,834) | $34.83 | Nov. 9, 2016 | 21,834 | Disposed |
| Jan. 27, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (60,666) | $35.66 | Nov. 6, 2018 | 60,666 | Disposed |
| Jan. 27, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (26,075) | $37.29 | Nov. 11, 2017 | 26,075 | Disposed |
| Jan. 27, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (10,000) | $44.02 | Nov. 3, 2015 | 10,000 | Disposed |
| Jan. 3, 2011 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (20,000) | $44.02 | Nov. 3, 2015 | 20,000 | Disposed |
| Dec. 13, 2010 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (67,000) | $49.12 | Dec. 12, 2017 | 67,000 | Acquired |
| Dec. 13, 2010 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (102,499) | $34.83 | Nov. 9, 2016 | 102,499 | Disposed |
| Dec. 10, 2010 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (34,501) | $34.83 | Nov. 9, 2016 | 34,501 | Disposed |
| Nov. 8, 2010 | QCOM | Restricted Stock Unit | Common Stock (26,510) | $1.00 | Nov. 7, 2020 | 26,510 | Acquired |
| Nov. 8, 2010 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (40,000) | $43.00 | Nov. 16, 2010 | 40,000 | Disposed |
| Nov. 9, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (71,150) | $44.75 | Nov. 8, 2019 | 71,150 | Acquired |
| Nov. 6, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (40,000) | $41.75 | Nov. 11, 2009 | 40,000 | Disposed |
| June 15, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,500) | $34.83 | Nov. 9, 2016 | 3,500 | Disposed |
| June 8, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,000) | $34.83 | Nov. 9, 2016 | 3,000 | Disposed |
| June 8, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (500) | $34.83 | Nov. 9, 2016 | 500 | Disposed |
| June 4, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (6,668) | $29.21 | Nov. 29, 2011 | 6,668 | Disposed |
| June 4, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (10,000) | $31.31 | Sept. 7, 2010 | 10,000 | Disposed |
| June 4, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (832) | $34.83 | Nov. 9, 2016 | 832 | Disposed |
| June 1, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,000) | $29.21 | Nov. 29, 2011 | 3,000 | Disposed |
| May 26, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,000) | $29.21 | Nov. 29, 2011 | 3,000 | Disposed |
| May 18, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,000) | $29.21 | Nov. 29, 2011 | 3,000 | Disposed |
| May 11, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,200) | $29.21 | Nov. 29, 2011 | 3,200 | Disposed |
| May 4, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,200) | $29.21 | Nov. 29, 2011 | 3,200 | Disposed |
| April 27, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,200) | $29.21 | Nov. 29, 2011 | 3,200 | Disposed |
| April 20, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,200) | $29.21 | Nov. 29, 2011 | 3,200 | Disposed |
| April 13, 2009 | QCOM | Non-Qualified Stock Option (right to buy) | Common Stock (3,200) | $29.21 | Nov. 29, 2011 | 3,200 | Disposed |
Showing latest 100 of 306 transactions
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 11 holdings
Securities held when first becoming an insider, per SEC Form 3.
| Date | Ticker | Security | Shares | Ownership |
|---|---|---|---|---|
| Sept. 3, 2014 | MSFT | Common Stock | 219 | Indirect |
| March 17, 2005 | QCOM | Common Stock | 916 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (186,668) | 186,668 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (250,000) | 250,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (90,000) | 90,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (145,000) | 145,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (10,000) | 10,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (40,000) | 40,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (40,000) | 40,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (200,000) | 200,000 | Direct |
| March 17, 2005 | QCOM | Non-Qualified Stock Option (right to buy)→ Common Stock (15,000) | 15,000 | Direct |
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
MSFT
President, Business Development| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2020 | $715,000 | — | $6,983,520 | — | $1,762,189 | — | $114,773 | $9,575,482 |
| 2019 | $715,000 | — | $7,539,668 | — | $2,086,456 | — | $91,525 | $10,432,649 |
| 2018 | $715,000 | — | $5,702,554 | — | $2,252,236 | — | $88,225 | $8,758,015 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.