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    Dr. Paul E. Jacobs

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

    Also at Globalstar Inc

    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.