However, 1, 057 of these shares are restricted stock units that have been granted to Meister.
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Such restricted stock awards are the generally fashionable replacement for the stock options of yore.
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The instruments that Enron would normally use for retention, stock options and restricted stock, both were problematic.
In this case, the value of restricted stock is based on the absolute performance of the stock.
As is common for senior Apple execs these are not options or direct stock awards but restricted stock.
Earlier this week she had converted some of her restricted stock units to the publicly traded Class A shares.
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The key point here is that the restricted stock grants do not vest until after the government has been paid off.
To give Cook a strong financial incentive to stay, Apple's board of directors granted him a million shares of restricted stock.
It says that he received 277, 871 cash settled restricted stock units, 463, 119 performance stock units, and 185, 248 restricted stock units.
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For lower-level executives, it may be more appropriate to grant restricted stock that vests based on performance relative to an index.
The taxes arise out of restricted stock units issued to Facebook employees.
The difference is that Facebook unlike, say, General Motors (GM) relies heavily on stock options and restricted stock units as a form of compensation.
The idea being that stock options only motivate if they are in the money, or likely to be, while restricted stock motivates at any value.
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He got restricted stock that vests, chunk by chunk, over time.
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The special units represent restricted stock that vests in three years.
The alleged method: borrowing shares of restricted stock in several small companies to use as collateral for loans without telling the banks the shares were borrowed.
Increasingly Wall Street firms are deferring a portion of annual bonuses in restricted stock over several years so that an employee loses a portion of bonuses if he leaves.
Stock options with an exercise price of fair market value or higher on the grant date qualified as cap-exempt performance-based compensation, while service-vested restricted stock did not.
First, because Mr. Lay was over age 55 and had served for more than 5 years, if he voluntarily retired all of his restricted stock would immediately vest.
He was given a big chunk of restricted stock units, a rich compensation package that promised great fortune and 416, 479 vested Facebook shares by the fall of 2012.
He and Orthwein have refused to take restricted stock options.
Among other things, the company sad that on October 25 the company expects to issue 124 million shares to employees that hold restricted stock units issued prior to 2011.
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According to Facebook's filings, Mr. Hastings's only equity in Facebook prior to this purchase was 20, 000 restricted stock units he was granted when he joined the board in June 2011.
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The reasons for the profit drop include a jump in the cost of restricted stock units in the first quarter, as well as higher data center construction and marketing costs.
Another 133 million shares will be unlocked between now at November 13, along with 55 million shares tied to restricted stock units and another 55 million related to employee options.
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Paying top executives mostly in restricted stock would force CEOs to "ride it up and down, " says Charles Elson, director of the Center for Corporate Governance at the University of Delaware.
If you are not yet within a safe harbor, consider asking your employer to withhold extra taxes from your paycheck to cover the shortfall at exercise (or restricted stock vesting).
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This will manifest itself in companies devoting a lower proportion of pay in time-based equity, like restricted stock, and a higher proportion of pay in performance-based equity, like performance shares.
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Given that we do indeed have a shortage of skilled engineers in the tech world it is this world that regularly offers restricted stock units as part of such employment packages.
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