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Dr. Paul E. Jacobs

Chief Executive Officer (CEO) at Globalstar
Board
Since August 2023
Age
62 years
Tenure
Has been serving as Chief Executive Officer at Globalstar since August 2023.

Also at Globalstar

JMI
James Monroe III
Executive Chairman of the Board
TET
Timothy E. Taylor
Vice President, Finance, Business Operations, and Strategy
LBPI
L. Barbee Ponder IV
General Counsel and Vice President of Regulatory Affairs

About

Dr. Paul E. Jacobs is a 62-year-old executive with extensive experience in the telecommunications and technology sectors.

He has held various leadership roles, including serving as CEO at Qualcomm from 2005 to 2014, as well as founding and leading XCOM Labs (later renamed Virewirx) from 2018.

Since joining Globalstar in August 2023 as Chief Executive Officer, he has been instrumental in driving strategic growth and technological innovation, contributing to the company's advancements in direct-to-cellular services and key market expansions.

$GSAT Performance Under Dr. Paul E. Jacobs

Past Roles

OrganizationRoleDate RangeDetails
Virewirx, Inc. Former CEO 2018 to 2023 Transitioned to Founder and Executive Chairman role
Qualcomm Chairman of the Board of Directors 2009 to 2018 Held concurrently with his other roles at Qualcomm
Qualcomm Executive Chairman of the Board of Directors March 2014 to March 2018 Transition phase post CEO role
Qualcomm Director 2005 to 2018 N/A
Qualcomm Chief Executive Officer (CEO) 2005 to 2014 N/A
Qualcomm Group President, Qualcomm Wireless & Internet 2001 to 2005 N/A
Qualcomm Executive Vice President 2000 to 2005 N/A

External Roles

OrganizationRoleDate RangeDetails
Arm Limited Board Member December 2022 to present N/A
Virewirx, Inc. (formerly XCOM Labs, Inc.) Founder and Executive Chairman 2018 to present N/A
Dropbox, Inc. Board Member April 2016 to present N/A

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$500,000 2024Executive salary
Bonus$200,000 2024Executive bonus
Stock Awards$300,000 2024 (paid as Globalstar stock in March 2025) Executive stock awards
All Other Compensation$9,445 2024Includes matching contributions to the 401(k) Plan and life insurance premiums
Director Fees Earned or Paid in Cash$50,000 2024Director fee
Director Stock Awards$50,000 2024Director stock awards
Director Option Awards$187,000 2024Director option awards

Performance Compensation

Data from  FY 2024

Performance Compensation Details

Below are the details of the equity award adjustments and performance metrics for 2024.

Equity Award Grants

MetricMarch 5, 2024 GrantDecember 27, 2024 Grant
Grant DateMarch 5, 2024 December 27, 2024
Grant Date Fair Value$170,000 $175,000
Grant Date Stock Price$19.95 $32.25
Vesting ScheduleImmediate 50% in Dec 2025, 50% in Dec 2026
Performance ConditionsN/ASustained stock price targets between $30.00 and $150.00 over a four-year period

Equity Award Adjustments Metrics

MetricValue
Year-End Fair Value of Unvested Awards$1,015,344
Change in Fair Value of Awards Granted and Vested$170,000
Total Inclusion of Equity Values$1,185,344

The above tables reflect the performance-related components of Dr. Paul E. Jacobs's equity awards for 2024, including detailed grant information and calculated equity award adjustments.