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ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001366868 gsat:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001366868 gsat:EquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001366868 gsat:EquityAwardsGrantedInPriorYearsUnvestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001366868 gsat:EquityAwardsGrantedDuringTheYearVestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001366868 gsat:EquityAwardsGrantedInPriorYearsVestedMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001366868 1 2022-01-01 2022-12-31 0001366868 2 2022-01-01 2022-12-31 0001366868 3 2022-01-01 2022-12-31 iso4217:USD 0001366868 PRE 14A false GLOBALSTAR, INC. <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:3.328%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.042%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.042%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.042%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.042%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.042%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.185%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.185%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.185%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.807%"/><td style="width:0.1%"/></tr><tr style="height:30pt"><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Summary compensation table total for PEO(1)</div></td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Compensation actually paid to PEO(2)</div></td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Average</div><div style="text-align:center">summary</div><div style="text-align:center">compensation</div><div style="text-align:center">table total for</div><div style="text-align:center">non-PEO NEOs(3)</div></td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Average</div><div style="text-align:center">compensation</div><div style="text-align:center">actually paid</div><div style="text-align:center">to non-PEO</div><div style="text-align:center">NEOs(4)</div></td><td colspan="6" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Value of initial fixed $100 investment based on:</td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Net Loss(7)</div></td><td colspan="3" rowspan="2" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Adjusted EBITDA(8)</div></td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:32pt"><td colspan="3" style="background-color:#eeeded;border-top:1pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Total shareholder return (TSR)(5)</div></td><td colspan="3" style="background-color:#eeeded;border-top:1pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Peer group</div><div style="text-align:center">TSR(6)</div></td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:3pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,892,166 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,250,965 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,764,537 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,277,946 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">255.77 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">95.61 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">(256,915,000)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">57,396,000 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">871,997 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">4,318,956 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">595,857 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">952,036 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">223.08 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">127.87 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(112,625,000)</td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">38,711,000 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2020</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">727,937 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">145,209 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">580,343 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">375,332 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">65.38 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">122.04 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(109,639,000)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">42,158,000 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table> 1892166 1250965 1764537 1277946 255.77 95.61

-256915000

57396000 871997 4318956 595857 952036 223.08 127.87

-112625000

38711000 727937 145209 580343 375332 65.38 122.04

-109639000

42158000 David B. Kagan, our Chief Executive Officer, was our PEO for each year presented. The dollar amounts reported are the amounts of total compensation reported for Mr. Kagan for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to Executive Compensation – Summary Compensation Table.The dollar amounts reported represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. Kagan) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Kagan) included for purposes of calculating the average amounts in each of 2022, 2021 and 2020 are as follows Rebecca S. Clary, Vice President and Chief Financial Officer, and L. Barbee Ponder IV, Vice President of Regulatory Affairs and General Counsel. As discussed in this Proxy Statement, Mr. Monroe did not receive any compensation during 2020 through 2022 for his service as an executive officer of the Company; therefore, he is not included. David B. Kagan The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Kagan, as calculated in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or paid to Mr. Kagan during the applicable year. These amounts reflect the Summary Compensation Table Total with certain adjustments as described below. Mr. Kagan does not have pension benefits; therefore, columns reporting Change in Actuarial Value of Pension Benefits and Pension Benefit Adjustments are omitted.<div style="margin-bottom:6pt;padding-left:13.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.413%"><tr><td style="width:1.0%"/><td style="width:7.602%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.203%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.908%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.138%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.613%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.836%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Summary compensation table total for PEO</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Reported Value of Equity Awards for PEO(a)</div></td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Equity Award Adjustments for PEO(b)</div></td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Compensation actually paid to PEO</td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,892,166 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,330,400 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">689,199 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,250,965 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">871,997 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">165,600 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">3,612,559 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">4,318,956 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2020</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">727,937 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">182,359 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(400,369)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">145,209 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt">a.The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.</div><div style="margin-bottom:15pt;padding-left:36pt;text-indent:-18pt">b.The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following to the extent applicable: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; and (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.</div><div style="margin-bottom:9pt;padding-left:18pt">The amounts deducted or added in calculating the equity award adjustments are set forth below. Columns reporting fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year and value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation are omitted, because they are not applicable. </div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.551%"><tr><td style="width:1.0%"/><td style="width:5.150%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.626%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.394%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.775%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.842%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Change in Fair Value of Equity Awards Granted and Vested in the same Covered Year for PEO</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Total - Inclusion of Equity Values for PEO</td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">203,940 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">310,726 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">174,533 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">689,199 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">139,200 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">1,852,132 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">144,999 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">1,476,228 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">3,612,559 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2020</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">27,201 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(409,926)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">130,992 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(148,636)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(400,369)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table> 1892166 1330400 689199 1250965 871997 165600 3612559 4318956 727937 182359 -400369 145209 203940 310726 0 174533 689199 139200 1852132 144999 1476228 3612559 27201 -409926 130992 -148636 -400369 The dollar amounts reported represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Kagan), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Kagan) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Kagan) for each year to determine the compensation actually paid, using the same methodology described above in Note 2. The NEOs do not have pension benefits; therefore, columns reporting Change in Actuarial Value of Pension Benefits and Pension Benefit Adjustments are omitted.<div style="margin-bottom:3pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.551%"><tr><td style="width:1.0%"/><td style="width:4.108%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.560%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.114%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:22.560%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.844%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average summary compensation table total for non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Reported Value of Equity Awards for non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Equity Award Adjustments for non-PEO NEOs(a)</div></td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average compensation actually paid to non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,764,537 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,414,900 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">928,309 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">1,277,946 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">595,857 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">216,400 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">572,579 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">952,036 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2020</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">580,343 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">267,973 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">62,962 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">375,332 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;padding-left:36pt;text-indent:-18pt">a.The amounts deducted or added in calculating the equity award adjustments are set forth below. Columns reporting fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year and value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation are omitted, because they are not applicable.</div><div style="margin-bottom:3pt;padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.528%"><tr><td style="width:1.0%"/><td style="width:5.421%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.378%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.378%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.889%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average Change in Fair Value of Equity Awards Granted and Vested in the same Covered Year for Non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs </td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:middle">Total - Average Inclusion of Equity Values for Non-PEO NEOs</td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">724,856 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">(7,629)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">40,000 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">171,082 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">928,309 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2021</td><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">139,200 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">118,139 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">93,300 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">221,940 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">572,579 </td><td style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:center;vertical-align:middle">2020</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">55,536 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(17,090)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">170,481 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">(145,965)</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 0;text-align:right;vertical-align:middle">62,962 </td><td style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div> 1764537 1414900 928309 1277946 595857 216400 572579 952036 580343 267973 62962 375332 724856 -7629 40000 171082 928309 139200 118139 93300 221940 572579 55536 -17090 170481 -145965 62962 Cumulative TSR is calculated by dividing the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. TSR is determined based on the value of an initial fixed investment of $100. The dollar amounts reported represent the amount of net loss reflected in the Company’s audited financial statements for the applicable year. The peer group used for this purpose is the Nasdaq Telecommunications index. Adjusted EBITDA is a non-GAAP measure defined as earnings before interest, income taxes, depreciation, amortization, accretion and derivative (gains)/losses. Adjusted EBITDA excludes non-cash compensation expense, reduction in the value of assets, foreign exchange (gains)/losses, and certain other non-cash or non-recurring charges as applicable. We have determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. Adjusted EBITDA <div style="margin-bottom:9pt">The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the our cumulative TSR for the three most recently completed fiscal years.</div><div style="margin-bottom:9pt;text-align:center"><img alt="4947802343324" src="gsat-20230428_g34.jpg" style="height:400px;margin-bottom:5pt;vertical-align:text-bottom;width:680px"/></div> <div style="margin-bottom:6pt">The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Loss during the three most recently completed fiscal years.</div><div style="margin-bottom:9pt;text-align:center"><img alt="4947802346268" src="gsat-20230428_g35.jpg" style="height:400px;margin-bottom:5pt;vertical-align:text-bottom;width:680px"/></div> <div style="margin-bottom:9pt">The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Adjusted EBITDA for the three most recently completed fiscal years. As described above, Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization, accretion and derivative (gains)/losses. Adjusted EBITDA excludes non-cash compensation expense, reduction in the value of assets, foreign exchange (gains)/losses, and certain other non-cash or non-recurring charges as applicable. We have determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. Under the Company’s annual bonus plan, which is designed to reward NEOs’ efforts to meet and exceed the Company's financial performance goals, the Company used Adjusted EBITDA when determining the bonus pool available for distribution to the NEOs during the fiscal year. As described in more detail in the section “Executive Officers and Compensation – Compensation Discussion and Analysis,” for each 1% of Adjusted EBITDA above or below the plan year target Adjusted EBITDA, adjustments are made to either increase or decrease the bonus distribution. </div><div style="margin-bottom:9pt;text-align:center"><img alt="4947802343402" src="gsat-20230428_g36.jpg" style="height:400px;margin-bottom:5pt;vertical-align:text-bottom;width:680px"/></div> <div style="margin-bottom:9pt">The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Nasdaq Telecommunications Index over the same period.</div><div style="margin-bottom:9pt;text-align:center"><img alt="4947802343342" src="gsat-20230428_g37.jpg" style="height:400px;margin-bottom:5pt;vertical-align:text-bottom;width:680px"/></div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:23.756%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.290%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:54.647%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.807%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#eeeded;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom">Most Important Financial Performance Measures</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Nature</td><td colspan="3" style="background-color:#eeeded;padding:2px 1pt;text-align:center;vertical-align:bottom">Explanation</td><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr style="height:5pt"><td colspan="3" style="background-color:#eeeded;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/><td colspan="3" style="background-color:#eeeded;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Adjusted EBITDA</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial measure</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:15pt">A non-GAAP measure defined as earnings before interest, income taxes, depreciation, amortization, accretion and derivative (gains)/losses. Adjusted EBITDA excludes non-cash compensation expense, reduction in the value of assets, foreign exchange (gains)/losses, and certain other non-cash or non-recurring charges as applicable.</div></td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Specific Goal Achievements</td><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle">Financial measure</td><td colspan="3" style="border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle">Obtaining predetermined financial goals or benchmarks for individual NEOs.</td><td colspan="3" style="border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Performance Achievements</td><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle">Non-financial measure</td><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:2px 1pt;text-align:left;vertical-align:middle">Obtaining predetermined non-financial goals or benchmarks for individual NEOs.</td><td colspan="3" style="border-bottom:0.25pt solid #54585a;border-top:0.25pt solid #54585a;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table> Adjusted EBITDA Specific Goal Achievements Performance Achievements