Globalstar Management

Management criteria checks 1/4

Globalstar's CEO is Paul Jacobs, appointed in Aug 2023, has a tenure of less than a year. total yearly compensation is $36.51M, comprised of 0.4% salary and 99.6% bonuses, including company stock and options. directly owns 0.89% of the company’s shares, worth $21.16M. The average tenure of the management team and the board of directors is 1.3 years and 5.3 years respectively.

Key information

Paul Jacobs

Chief executive officer

US$36.5m

Total compensation

CEO salary percentage	0.4%
CEO tenure	less than a year
CEO ownership	0.9%
Management average tenure	1.3yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

Globalstar (NYSEMKT:GSAT) Is Carrying A Fair Bit Of Debt

Apr 30

What Is The Ownership Structure Like For Globalstar, Inc. (NYSEMKT:GSAT)?

Mar 21

Globalstar (NYSEMKT:GSAT) Shareholders Have Enjoyed A Whopping 463% Share Price Gain

Feb 14

Here's Why Globalstar (NYSEMKT:GSAT) Can Afford Some Debt

Jan 10

Could The Globalstar, Inc. (NYSEMKT:GSAT) Ownership Structure Tell Us Something Useful?

Dec 04

CEO Compensation Analysis

How has Paul Jacobs's remuneration changed compared to Globalstar's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$37m	US$142k	-US$35m

Compensation vs Market: Paul's total compensation ($USD36.51M) is above average for companies of similar size in the US market ($USD5.57M).

Compensation vs Earnings: Insufficient data to compare Paul's compensation with company performance.

CEO

Paul Jacobs (61 yo)

less than a year

Tenure

US$36,508,616

Compensation

Dr. Paul E. Jacobs, Ph D., serves as Chief Executive Officer and Director at Globalstar, Inc. since August 29, 2023. He serves as 5G Advisor at Beyond Imagination, Inc. Dr. Jacobs serves as the Chief Execu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Monroe	Executive Chairman	20.3yrs	US$175.00k	58.04% $ 1.4b
Paul Jacobs	CEO & Director	less than a year	US$36.51m	0.89% $ 21.8m
Rebecca Clary	VP & CFO	9.7yrs	US$692.47k	0.050% $ 1.2m
L. Ponder	General Counsel & VP of Regulatory Affairs	13.8yrs	US$734.70k	0.087% $ 2.1m
Timothy Taylor	VP of Finance	no data	US$226.00k	0.15% $ 3.6m
Wen Doong	Senior Vice President of Engineering & Operations	6.3yrs	no data	no data
Matthew Grob	Chief Technology Officer	1.3yrs	no data	no data
Peter Black	Chief Scientist	1.3yrs	no data	no data
Kyle Pickens	Vice President of Strategy & Communications	no data	no data	no data
Jake Rembert	Vice President of Sales - United States	1.3yrs	no data	no data
Mersad Cavcic	Chief Marketing Officer	less than a year	no data	no data
Richard Roberts	Corporate Secretary	20yrs	US$175.31k	no data

1.3yrs

Average Tenure

57yo

Average Age

Experienced Management: GSAT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
James Monroe	Executive Chairman	20.3yrs	US$175.00k	58.04% $ 1.4b
Paul Jacobs	CEO & Director	less than a year	US$36.51m	0.89% $ 21.8m
Timothy Taylor	VP of Finance	5.3yrs	US$226.00k	0.15% $ 3.6m
Keith Cowan	Independent Director	5.3yrs	US$226.00k	0.038% $ 929.4k
William Hasler	Independent Director	14.8yrs	US$226.00k	0.046% $ 1.1m
Michael Lovett	Independent Director	5.3yrs	US$175.00k	0.033% $ 815.1k
James Lynch	Director	20.3yrs	US$175.00k	0.70% $ 17.1m
Benjamin Wolff	Independent Director	5.3yrs	US$226.00k	0.037% $ 911.6k

5.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: GSAT's board of directors are considered experienced (5.3 years average tenure).

Globalstar Management

Management criteria checks 1/4

Key information

Recent management updates

VP of Finance notifies of intention to sell stock

Director recently bought US$1.7m worth of stock

Director recently bought US$964k worth of stock

Director recently bought US$1.3m worth of stock

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer

Recent updates

New minor risk - Share price stability

VP of Finance notifies of intention to sell stock

Director recently bought US$1.7m worth of stock

Consensus EPS estimates fall by 100%

New minor risk - Financial position

Price target decreased by 10% to US$3.92

Full year 2023 earnings: EPS misses analyst expectations

Globalstar, Inc. Provides Earnings Guidance for 2024

Globalstar, Inc. to Report Q4, 2023 Results on Feb 28, 2024

Price target increased by 11% to US$4.83

Director recently bought US$964k worth of stock

Director recently bought US$1.3m worth of stock

New minor risk - Insider selling

Globalstar, Inc. Provides Revenue Guidance for the Year 2023

Third quarter 2023 earnings released: US$0.003 loss per share (vs US$0.11 loss in 3Q 2022)

Globalstar, Inc. to Report Q3, 2023 Results on Nov 02, 2023

New minor risk - Shareholder dilution

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer

Globalstar Appoints Dr. Paul Jacobs as Chief Executive Officer

Globalstar, Inc. Updates Revenue Guidance for Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.005 (vs US$0.015 loss in 2Q 2022)

Globalstar, Inc. to Report Q2, 2023 Results on Aug 03, 2023

VP of Finance notifies of intention to sell stock

Executive Chairman recently bought US$604k worth of stock

VP & CFO notifies of intention to sell stock

Executive Chairman recently bought US$5.2m worth of stock

Globalstar, Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

VP of Finance notifies of intention to sell stock

Consensus EPS estimates upgraded to US$0.013 loss

VP & CFO notifies of intention to sell stock

Full year 2022 earnings released: US$0.14 loss per share (vs US$0.064 loss in FY 2021)

VP & CFO notifies of intention to sell stock

Independent Director exercised options to buy US$374k worth of stock.

Price target increased to US$3.50

Insufficient new directors

Consensus revenue estimates increase by 14%

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Globalstar, Inc. Reiterates Financial Guidance for the Full Year 2023

Price target increased to US$3.09

Globalstar, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Executive Chairman recently bought US$361k worth of stock

Independent Director recently bought US$149k worth of stock

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Globalstar, Inc. Announces Chirag Patel as Director of Product Management

Globalstar, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Price target increased to US$3.25

Globalstar, Inc. Introduces Realm Enablement Suite

Globalstar Announces Successful Launch of Spare Satellite

Consensus estimates of losses per share improve by 17%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Globalstar, Inc. to Report Q1, 2022 Results on May 05, 2022

Insufficient new directors

Globalstar, Inc., Annual General Meeting, May 23, 2022

Globalstar, Inc., Annual General Meeting, May 23, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Globalstar, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Insufficient new directors

Third quarter 2021 earnings released: US$0.017 loss per share (vs US$0.015 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.012 loss per share (vs US$0.015 loss in 2Q 2020)

Price target increased to US$3.25

First quarter 2021 earnings released: US$0.022 loss per share (vs US$0.025 loss in 1Q 2020)

Globalstar (NYSEMKT:GSAT) Is Carrying A Fair Bit Of Debt

What Is The Ownership Structure Like For Globalstar, Inc. (NYSEMKT:GSAT)?

Full year 2020 earnings released: US$0.067 loss per share (vs US$0.011 profit in FY 2019)

Revenue and earnings beat expectations

Globalstar, Inc. Announces the Formation of Global Strategic Alliance with XCOM Labs, Inc

Globalstar (NYSEMKT:GSAT) Shareholders Have Enjoyed A Whopping 463% Share Price Gain

Globalstar’s Band n53 in Qualcomm’s X65 Modem