2016 Executive Compensation and Bonus Arrangements for David J. Rennyson and W. Ming Shao with MicroStrategy Incorporated
This document outlines the 2016 compensation details for David J. Rennyson and W. Ming Shao, both executive officers of MicroStrategy Incorporated. It specifies their annual base salaries and describes the bonus arrangements for 2016, including eligibility criteria and awarded amounts. Mr. Rennyson's bonus was based on departmental performance and contract values, while Mr. Shao's was discretionary. The terms for Mr. Rennyson's 2017 bonus had not been set at the time of the document.
Exhibit 10.16
David J. Rennyson, the Senior Executive Vice President, Worldwide Sales of MicroStrategy Incorporated (the “Company”), and W. Ming Shao, the Company’s Senior Executive Vice President & General Counsel, each became an executive officer of the Company on January 8, 2016. Mr. Rennyson’s annual base salary is $450,000. Under Mr. Rennyson’s 2016 bonus arrangement, he is eligible to receive a cash bonus award based on (i) his department’s “contribution margin” over a specified threshold and (ii) the annualized value of specific types of contracts over a specified threshold. Pursuant to this arrangement, Mr. Rennyson was awarded a cash bonus in the amount of $672,987. The terms for any cash bonus plan for Mr. Rennyson with respect to 2017 have not been determined. Mr. Shao’s annual base salary is $470,000 and his annual discretionary bonus target is $420,000. Mr. Shao was awarded a cash bonus in the amount of $378,000 with respect to 2016.
