During 2022, Joshua Sheehan received an aggregate of $132,612 in the form of salary, an annual incentive bonus of $46,414, $13,750 shares in the form of option grants and $12,420 in the form of stock awards.
During fiscal 2020, Dustan Sheehan2022, Parker Larsen received an aggregate of (1) $125,000$90,363 in the form of salary, (2) a special bonus payment of $34,499, and an annual incentive bonus of $43,750, and (3) $26,455$31,627, $11,000 in the form of option grants and $23,064$9,935 in the form of stock awards.
During fiscal 2020, Joshua Sheehan2022, Corby Hoback received an aggregate of (1) $125,000$212,180 in the form of salary, (2) a special bonus payment of $40,579, and an annual incentive bonus of $43,750, and (3) $52,910$92,828, $82,500 in the form of option grants and $46,129$14,900 in the form of stock awards.
During fiscal 2020, Parker Larsen received an aggregate of (1) $69,628 in the form of salary, (2) a special bonus payment of $23,660, and an annual incentive bonus of $24,370, and (3) $26,450 in the form of option grants and $23,064 in the form of stock awards.
During fiscal 2020, Corby Hoback received an aggregate of (1) $200,000 in the form of salary, (2) a special bonus payment of $87,405, and an annual incentive bonus of $70,000, and (3) $66,138 in the form of option grants and $57,664 in the form of stock awards.
During fiscal 2020,2022, the Company leased the use of an aircraft from K2 Investment Fund LLC (“LLC”) for business travel for employees of the Company (the “Aircraft”). The Company incurred approximately $1,123,000, $791,000, and $324,000 in rental fees (including fees and other reimbursements)reimbursements to the LLC during fiscalin 2022, 2021 and 2020, for such use.respectively. Kendall Larsen and Kathleen Larsen are the sole member-managers of the LLC and control the equity interests of the LLC. On January 31, 2015, the Company entered into a 12-month non-exclusive lease with the LLC for use of the plane at a rate of $8,100approximately $8,000 per flight hour, with no minimum usage requirement. The agreement contains other terms and conditions normal in such transactions and can be cancelled by either the Company or the LLC with 30-days’ notice. The agreement renews on an annual basis unless terminated by either party. Neither party has exercised their termination rights. The audit committee has approved the rental fees and lease agreement.
Fiscal 2019Policies and Procedures for Related Party Transactions
During fiscal 2019, Kathleen Larsen received an aggregate of (1) $461,466The audit committee is responsible for reviewing and approving any proposed related person transactions. The audit committee reviews any such proposed related person transactions on a quarterly basis, or more frequently as appropriate. In cases in which a transaction has been identified as a potential related person transaction, management must present information regarding the form of salary (including payment of $31,781 for accrued, but unused vacation in fiscal 2018), and (2) $93,480 in the form of option grants and $81,465 in the form of stock awards.
During fiscal 2019, Dustan Sheehan received an aggregate of (1) $98,568 in the form of salary, and (2) $23,370 in the form of option grants and $20,365 in the form of stock awards. During fiscal 2019, Joshua Sheehan received an aggregate of (1) $115,940 in the form of salary, and (2) $46,740 in the form of option grants and $40,729 in the form of stock awards.
During fiscal 2019, Parker Larsen received an aggregate of (1) $67,600 in the form of salary, and (2) $23,370 in the form of option grants and $20,365 in the form of stock awards.
During fiscal 2019, Corby Hoback received an aggregate of (1) $174,811 in the form of salary, and (2) $58,425 in the form of option grants and $50,915 in the form of stock awards.
During fiscal 2019, the Company leased the use of the Aircraft and incurred approximately $1,790,000 in rental fees (including fees and other reimbursements)proposed transaction to the LLC during fiscal 2019audit committee for consideration and approval or ratification. The audit committee is also responsible for reviewing the Company’s policies with respect to related person transactions and overseeing compliance with such use.practices.