TaoWeave, Inc.
TWAV
Pete Hawkes
Senior Vice President, Design, Product, and Engineering
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
Affiliation history
Recorded current and former roles; source labels appear when available.
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TaoWeave, Inc. (TWAV)
Proxy statement
Start not stated–2022-03-04
Company network
Recorded roles and earnings-call appearances connecting this person to public companies.
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2021 | TaoWeave, Inc. (TWAV) | Former Senior Vice President, Design, Product, and Engineering Effective July 1, 2021, the annual salaries for Mr. Holst and Mr. Clark were increased to 295,000 and 260,000, respectively. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. These amounts represent the aggregate grant date fair value for awards of stock options for 2021, computed in accordance with FASB ASC Topic 718. Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of 8,693 for 2021 and 8,550 for 2020; for Mr. Clark of 8,688 for 2021 and 8,550 for 2020; and 5,769 for Mr. Hawkes for 2021. On March 4, 2022, Pete Hawkes was terminated as Senior Vice President of Product, Design, and Engineering due to the elimination of his position with the Company. In connections with Mr. Hawkes' departure, the Company and Mr. Hawkes entered into a separation agreement which included a customary release of claims and provides for a separation payment of 47,639 | $200,000 | $577,769 |
| 2020 | TaoWeave, Inc. (TWAV) | Former Senior Vice President, Design, Product, and Engineering Effective July 1, 2021, the annual salaries for Mr. Holst and Mr. Clark were increased to 295,000 and 260,000, respectively. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. These amounts represent the aggregate grant date fair value for awards of stock options for 2021, computed in accordance with FASB ASC Topic 718. Represents matching contributions under the Company’s 401(k) Plan for Mr. Holst of 8,693 for 2021 and 8,550 for 2020; for Mr. Clark of 8,688 for 2021 and 8,550 for 2020; and 5,769 for Mr. Hawkes for 2021. On March 4, 2022, Pete Hawkes was terminated as Senior Vice President of Product, Design, and Engineering due to the elimination of his position with the Company. In connections with Mr. Hawkes' departure, the Company and Mr. Hawkes entered into a separation agreement which included a customary release of claims and provides for a separation payment of 47,639 | $180,304 | $180,304 |
| 2019 | TaoWeave, Inc. (TWAV) | Senior Vice President, Design, Product, and Engineering These amounts represent the aggregate grant date fair value for awards of RSUs for 2019 and 2020, computed in accordance with FASB ASC Topic 718. Represents a matching contribution under the Company’s 401(k) Plan of 8,550 and 8,400 for 2020 and 2019, respectively, and 2,390 of parking reimbursement for 2019. Represents the grant date fair value of 33,334 performance-vested RSU awards granted on January 28, 2019. These awards terminated without vesting on June 1, 2019 pursuant to their terms. Represents the grant date fair value of 10,667 performance-vested awards RSU granted on January 28, 2019. These awards terminated without vesting on June 1, 2019 pursuant to their terms. Effective May 1, 2020, Mr. Underkoffler was no longer with the Company as an employee and therefore the salary shown herein represents salary earned from January 1, 2020 through May 1, 2020 (Mr. Underkoffler’s annual salary was 300,000). Mr. Underkoffler received a severance payment of 100,000 and COBRA benefits in connection with his separation from the Company pursuant to the terms of a Separation Agreement (which is reflected in the “All Other Compensation” column and is discussed further in “Agreements with Named Executive Officers” below). Effective November 9, 2020, Mr. Underkoffler resigned from the Board of Directors. Mr. Underkoffler joined the Company on October 1, 2019 and therefore the salary shown herein represents salary earned from October 1, 2019 through December 31, 2019. Effective June 29, 2020, Mr. Hawkes annual salary is 200,000. With Mr. Underkoffler’s departure, Mr. Hawkes became a newly designate named executive officer of the Company; accordingly, only compensation received with respect to fiscal year 2020 is presented in the table above. | — | — |
Recent activity
No earnings-call appearances or filed executive changes recorded yet.