Not exact matches
He'll receive about $ 10 million worth of stock options plus a
grant of 933,416 performance - based
restricted shares.
Burbank, California - based Disney said in a securities filing on Thursday that Iger was
granted 932,996
restricted shares, some related to performance, that will vest over the next four years.
The Plan permits
grants of the following types of incentive awards subject to such terms and conditions as the Leadership Development and Compensation Committee shall determine, consistent with the terms of the Plan: (1) stock options, including stock options intended to qualify as ISOs, (2) other stock - based awards, including in the form of stock appreciation rights, phantom stock,
restricted stock,
restricted stock units, performance
shares, deferred
share units or
share - denominated performance units, and (3) cash awards.
No Participant shall receive Stock
Grants or
Restricted Stock Units during any Fiscal Year covering, in the aggregate, in excess of 7,000,000
Shares (for this purpose, (A) counting such
Shares on a 1 - for - 1 basis and (B) for Stock
Grants or
Restricted Stock Units as to which the number of
Shares earned is dependent on the level of attainment of performance vesting conditions, counting in respect thereof the number of
Shares that may be earned at maximum performance), subject to adjustment pursuant to Section 11.
These incentives are provided through the
granting of stock options, stock appreciation rights,
restricted stock awards,
restricted stock units, performance bonus awards, performance
shares and performance units.
The Committee also approved the following compensation elements for 2016: base salary, annual incentive target, Performance
Share Unit (PSU) and
Restricted Stock Unit (RSU)
grants under the Long - Term Performance Plan.
Our 2015 Plan will provide for the
grant of incentive stock options, within the meaning of Section 422 of the Code, to our employees and any parent and subsidiary corporations» employees, and for the
grant of nonstatutory stock options,
restricted stock,
restricted stock units (RSUs), stock appreciation rights, performance units, and performance
shares to our employees, directors, and consultants and our parent and subsidiary corporations» employees and consultants.
The Committee may establish performance conditions and other terms with respect to
grants of
restricted stock, RSRs, performance
shares and performance units in order to qualify such
This
grant is comprised 65 % of 2016 - 2018 Performance
Share Units and 35 % of
Restricted Stock Units.
(d) «Award» means, individually or collectively, a
grant under the Plan of Options, Stock Appreciation Rights,
Restricted Stock,
Restricted Stock Units, Performance Bonus Awards, Performance Units or Performance
Shares.
On July 9, 2015, Mr. Johnson was
granted an option to purchase 38,000
shares of our common stock, which he early exercised for
restricted shares of our common stock that were subject to the same vesting schedule as the option.
Mr. Apotheker was
granted a long - term incentive award consisting of 76,000
shares of time - based
restricted stock vesting in equal amounts annually over a two - year period, 304,000 PRUs for the two - year performance period extending from
On June 9, 2011, Dr. Summers was
granted an option to purchase 1,288,000
shares of our common stock, which he early exercised for
restricted shares of our common stock that were subject to the same vesting schedule as the option.
The initial
grant included
restricted shares that were subject to repurchase rights by the Company.
If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested
restricted shares and stock options as provided and pursuant to the terms of the relevant
grant agreements under our 2003 Equity Incentive Plan.
The 2008 Plan permits the
granting of incentive stock options, nonqualified stock options,
shares of
restricted stock,
restricted stock units, stock appreciation rights, phantom stock, performance
shares, deferred
share units and
share - denominated performance units, and other stock - based awards.
exercise price of $ 3.70 per
share (which excludes 5,187,290
restricted shares issued under the 2011 Stock Option and
Grant Plan);
A highly standardized process leads to yearly executive pay packages which combine salary, bonuses, stock options,
restricted stock
grants, performance
share un...
If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to
Restricted Stock,
Restricted Stock Units, Performance Units or Performance
Shares, is forfeited to or repurchased by the Company due to failure to vest, the unpurchased
Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased
Shares), which were subject thereto will become available for future
grant or sale under the Plan (unless the Plan has terminated).
the sale of
shares of common stock in an underwritten public offering that occurs during the
restricted period, including any concurrent exercise (including a net exercise or cashless exercise) or settlement of outstanding equity awards
granted under our equity incentive plans or pursuant to a contractual employment arrangement described elsewhere in this prospectus in order to sell the
shares of common stock delivered upon such exercise or settlement in such underwritten public offering; provided that, if required, any public report or filing under Section 16 of the Exchange Act will clearly indicate in the footnotes thereto that such disposition to us or withholding by us of
shares or securities was solely to us pursuant to the circumstances described in this clause; or
Stock options
granted under our stock option plan provide certain employee option holders the right to elect to exercise unvested options in exchange for
shares of
restricted common stock.
The Plan permits the
grant of Incentive Stock Options, Nonstatutory Stock Options,
Restricted Stock,
Restricted Stock Units, Stock Appreciation Rights, Performance Units and Performance
Shares.
(c) «Award» means, individually or collectively, a
grant under the Plan of Options, Stock Appreciation Rights,
Restricted Stock,
Restricted Stock Units, Performance Units or Performance
Shares.
With respect to Awards
granted to an Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant's status as a Director or a director of the successor corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and / or Stock Appreciation Rights as to all of the
Shares underlying such Award, including those
Shares which would not otherwise be vested or exercisable, all restrictions on
Restricted Stock and
Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100 %) of target levels and all other terms and conditions met.
Nonstatutory Stock Options, Stock Appreciation Rights,
Restricted Stock,
Restricted Stock Units, Performance
Shares and Performance Units may be
granted to Service Providers.
Our 2014 Plan will provide for the
grant of incentive stock options, within the meaning of Code Section 422, to our employees and any parent and subsidiary corporations» employees, and for the
grant of nonstatutory stock options,
restricted stock, RSUs, stock appreciation rights, performance units and performance
shares to our employees, directors and consultants and our parent and subsidiary corporations» employees and consultants.
The 2001
Restricted Stock Plan was terminated in September 2010, and no further grants may be made under this plan, although, as of May 31, 2014, there were still unvested restricted share awards outstanding under the plan (all such shares have subsequentl
Restricted Stock Plan was terminated in September 2010, and no further
grants may be made under this plan, although, as of May 31, 2014, there were still unvested
restricted share awards outstanding under the plan (all such shares have subsequentl
restricted share awards outstanding under the plan (all such
shares have subsequently vested).
The Company is reducing these annual limits to 1,000,000
shares in the 2014 Plan (counting the
shares for stock
grants and
restricted stock units on a 1 - for - 1 basis for this purpose).
Our 2013 Plan will provide for the
grant of incentive stock options, within the meaning of Section 422 of the Code, to our employees and any parent and subsidiary corporations» employees, and for the
grant of nonstatutory stock options,
restricted stock, RSUs, stock appreciation rights, performance units and performance
shares to our employees, directors and consultants and our parent and subsidiary corporations» employees and consultants.
The 2003 Plan currently limits the number of options and stock appreciation rights that may be
granted to any individual during a fiscal year to 15,000,000
shares, and it limits the number of stock
grants and
restricted stock units that may be
granted to any individual during a fiscal year to 5,000,000
shares (counting the
shares on a 1 - for - 1 basis for this purpose).
The following table shows the total number of
shares of the Company's common stock that were subject to outstanding
restricted stock unit awards
granted under the 2003 Plan, that were subject to outstanding stock options
granted under the 2003 Plan, and that were then available for new award
grants under the 2003 Plan as of September 28, 2013 and as of November 11, 2013.
As of November 11, 2013, a total of 20.873 million
shares of the Company's common stock were subject to all outstanding awards
granted under the Company's equity compensation plans (including the
shares then subject to outstanding awards under the 2003 Plan and the Director Plan, as well as outstanding awards assumed by the Company in connection with acquisitions, but exclusive of
shares that employees may purchase under the Employee Stock Purchase Plan), of which 17.265 million
shares were then subject to outstanding
restricted stock unit awards and 3.608 million
shares were then subject to outstanding stock options.
No Participant shall receive Stock
Grants or
Restricted Stock Units during any Fiscal Year covering, in the aggregate, in excess of 1,000,000
Shares (for this purpose, counting such
Shares on a 1 - for - 1 basis), subject to adjustment pursuant to Section 11.
The 2005 Stock Plan provides for the
grant of non-qualified stock options, stock appreciation rights, limited stock appreciation rights,
restricted stock, awards of
shares, RSUs and other awards that are valued in whole or in part by reference to our stock.
When
granting restricted stock, FedEx first determines the total target value of the award and then approves the delivery of that value in two components:
restricted shares and cash payment of taxes due.
In addition, upon closing, Facebook will
grant 45,966,444
restricted stock units to WhatsApp employees (worth $ 3 billion based on the average closing price of the six trading days preceding February 18, 2014 of $ 65.2650 per
share).
As discussed above, an officer's position and level of responsibility are the primary factors that determine the number of options and
shares of
restricted stock awarded to the officer in the annual
grant.
For example, if 100
shares are issued with respect to a
restricted stock unit award
granted under the 2014 Plan, 200
shares will be counted against the 2014 Plan's aggregate
share limit in connection with that award.
While the
shares are
granted without the employees having to pay for the
shares personally, unlike the example above of
restricted stock, the ESOP
shares are sold and paid for.
In the George W. Bush administration, changes in accounting regulations and Federal policies made
granting of broad - based stock options and
restricted and other stock
grants to employees in high technology and other companies less attractive, which led to a huge drop in employee
share ownership among the middle class in those companies and industries.
For instance, all FedEx Corporation executive vice presidents receive the same number of options and
restricted shares in the annual
grant.
When
granting restricted stock, the Compensation Committee first determines the total target value of the award and then approves the delivery of that value in two components:
restricted shares and cash payment of taxes due.
In the explanations I have found, 83b is explained as a means to identify
restricted shares as income at the time of purchase to help protect against the need to pay taxes on the difference in future value of the stock and the value at the time of
grant.
Restricted stocks A grant of company shares or units where access to the stock is restricted until certain vesting conditions are met by the
Restricted stocks A
grant of company
shares or units where access to the stock is
restricted until certain vesting conditions are met by the
restricted until certain vesting conditions are met by the employee.
Restricted stock awards (RSA), also called incentive stock awards, are
shares granted in your name as of the date of
grant and held in escrow.
The
shares are called «
restricted» because they are subjected to a vesting schedule similar to stock option
grants.
The wash sale rules are triggered by
share deposits from ESPP (employee stock purchase plan) and RSU (
restricted stock unit)
grants, followed by a sale of RSU
shared.
Awards
granted under the 2012 Plan may be in the form of stock options, stock appreciation rights,
restricted stock awards, performance units, performance
shares, or other awards not expressly provided for under the 2012 Plan.
• Led team that developed companywide automated Equity notification and
grants (Stock Options,
Restricted Shares and Performance
Shares) acceptance tool that significantly reduced company paperwork.
The burn rate is the level at which companies
grant options and
restricted stock divided by
shares outstanding.