Luminar specializes in perception software and lidar, short for light detection and ranging, a sensor technology used in self-driving vehicles. and Palo Alto, Calif., saw its stock price soar earlier this year after German auto giant Daimler AG’s Mercedes-Benz unveiled plans to buy a stake in the company and use its technology for its next generation of vehicles. Luminar, which has offices in Boston, Colorado Springs, Colo. Uber sold off its former self-driving unit last year. Uber hired Prescott in 2016 to lead its advanced technology group, a role that saw him oversee commercial, cybersecurity, litigation, privacy, and regulatory for the ridesharing company. Prescott spent a decade at Ford, where he handled product development and manufacturing legal work and served as special counsel to the auto giant’s general counsel, according to his biography in Luminar’s 10-K. Prescott currently owns more than $21.5 million in Luminar stock, according to Bloomberg data. His employment agreement with the company- amended in November-shows he’s entitled to a $300,000 annual base salary with a $50,000 bonus. Luminar paid nearly $205,700 in cash to Prescott last year. The source said Prescott’s mix of cash and stock compensation roughly matches what he had at Tesla and was necessary to bring on a lawyer with his automotive industry expertise. Prescott, whose first day at Luminar was April 26, was given a new hire initial equity grant in addition to long-term stock incentives, said the source, who added that most of Prescott’s pay is tied to company growth. The pay is on par with what some other law department leaders have received at newly public companies. A source familiar with the matter said that represents a target aggregate over six years, not Prescott’s compensation for a single year. The bulk of Prescott’s compensation is comprised of more than $29.5 million in stock awards. The company declined to discuss Prescott’s pay package, which was disclosed in a 10-K filed March 1. Luminar hired Prescott last year to be its chief legal officer and corporate secretary. Luminar is a laser sensor startup backed by billionaire Peter Thiel that went public in 2020 by merging with a special purpose acquisition company. Tesla is just one of several Musk-controlled entities that has cycled through law department leaders in recent years. He became acting general counsel and corporate secretary for Elon Musk’s electric automaker in late 2019. Prescott, a former safety engineer and in-house lawyer at Ford Motor Co., served as senior counsel for autonomous vehicles at Uber Technologies Inc. gave its new chief legal officer Alan Prescott nearly $30 million in total compensation last year to lure him away from Tesla Inc. So roll into the ultimate fun with Paytm, make a choice from the huge selection of movie theatres- PVR Cinemas, INOX theatres and Cinepolis online across India for booking tickets.Luminar Technologies Inc. Also, make your pocket happy with tremendous jaw-dropping discounts & cashback offers with every purchase! At Sangeeth & Lumiere Dolby Atmos - Kottakkal you can instantly book tickets online for an upcoming & current movie and choose the most-suited seats for yourself in Kottakkal at Paytm. You can explore the show timings online for the movies in Kottakkal theatre near you and grab your movie tickets in a matter of few clicks. Catch The Latest Action | Book Movie Tickets Online at PaytmĬatch all the new movies and upcoming movies at Paytm and book your tickets within minutes on Paytm. Movie buffs, rejoice now as there’s no need to worry for last moment movie ticket booking! Book tickets online for Sangeeth & Lumiere Dolby Atmos - Kottakkal at Paytm and get ready for an entertainment-packed time with your friends and family! Enjoy newly released movies in Kottakkal through this seamless movie ticket booking website. Be it a Regional, Bollywood or Hollywood movie, at Sangeeth & Lumiere Dolby Atmos - Kottakkal you can catch them all. Sangeeth & Lumiere Dolby Atmos - Kottakkal is a chain of theatres in India that exhibit a myriad of movies around the year. Watching a movie is no longer limited to a weekend, it has become an everyday affair thanks to movie theatres with world-class facilities. Sangeeth & Lumiere Dolby Atmos - Kottakkal - Movie Showtimes and Cashback Offers
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