Eligible leaders are
granted stock awards each year, which are generally split evenly between non-qualified stock options and RSUs.
Spiegel was
granted a stock award of more than 37 million shares of Snap stock, according to a document filed with the Securities and Exchange Commission on Tuesday.
Not exact matches
While
stock awards are
granted to only the highest performing salespeople, other Nordstrom workers can take part in the company's employee
stock purchase plan.
He was accused of intentionally changing the
grant dates for hundreds of
stock option
awards without disclosing the move to investors.
But his
stock grants,
awarded at the beginning of 2014, rose from $ 4 million to $ 5.7 million.
Dividend equivalent rights may not be
granted on
stock appreciation rights
awarded under the 2014 Plan.
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.
The plan administrator may
award stock grants with time - based vesting or vesting upon satisfaction of performance goals and / or other conditions.
Awards granted under the 2007 Equity Incentive Plan may consist of incentive
stock options, non-qualified
stock options,
stock appreciation rights (SAR), restricted
stock grants, and restricted
stock units (RSU).
Shares that are exchanged by a participant or withheld by Apple to pay the exercise price of an option or
stock appreciation right
granted under the 2014 Plan, as well as any shares exchanged or withheld to satisfy the tax withholding obligations related to any option or
stock appreciation right, will not be available for subsequent
awards under the 2014 Plan.
This number is calculated using the share counting rules described in Sections 5 (a) and 5 (b) of the 2014 Plan and includes the number of shares available for new
award grants under the 2014 Plan out of the 385 million shares authorized by shareholders upon adoption of the 2014 Plan; the number of shares available for new
award grants under the 2003 Employee
Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number of shares subject to outstanding stock options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1 stock sp
Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number of shares subject to outstanding
stock options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1 stock sp
stock options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1
stock sp
stock split).
The 2014 Plan permits the
granting by the plan administrator of
stock options,
stock appreciation rights,
stock grants and RSUs, as well as cash bonus
awards.
For
awards of
stock grants, the participant will not have taxable income upon the receipt of the
award, unless the participant elects to be taxed at the time of the
stock is
granted rather than when it becomes vested.
The Plan seeks to achieve this purpose by providing for discretionary long - term incentive
Awards in the form of Options (which may be Incentive
Stock Options or Nonstatutory
Stock Options),
Stock Appreciation Rights,
Stock Grants, Restricted
Stock Units and Cash Bonus
Awards.
When shares of Capital
Stock are to be issued upon the exercise,
grant or vesting of an Incentive
Award, Google shall have the authority to withhold a number of such shares having a Fair Market Value at the date of the applicable taxable event determined by the Committee to be sufficient to satisfy the minimum federal, state and local withholding tax requirements, if any, attributable to such exercise,
grant or vesting but not greater than the minimum withholding obligations, as determined by Google in its sole discretion.
Shares issued with respect to
awards granted under the 2014 Plan other than
stock options or
stock appreciation rights are counted against the 2014 Plan's aggregate share limit as two shares for every one share actually issued in connection with the
award.
Shares issued in respect of
awards other than
stock options and
stock appreciation rights
granted under the 2014 Plan and the Director Plan count against the shares available for
grant under the applicable plan as two shares for every share
granted.
Any such shares subject to
awards other than
stock options and
stock appreciation rights
granted under either such Plan will become available taking into account the 2:1 premium share counting rule applicable at the time of
granting these types of
awards.
Awards may be granted under the Plan in substitution for or in connection with an assumption of employee, director and / or consultant stock options, stock appreciation rights, restricted stock or other stock - based awards granted by other entities to persons who are or who will become Employees or Consultants in respect of the Company or one of its Subsidiaries in connection
Awards may be
granted under the Plan in substitution for or in connection with an assumption of employee, director and / or consultant
stock options,
stock appreciation rights, restricted
stock or other
stock - based
awards granted by other entities to persons who are or who will become Employees or Consultants in respect of the Company or one of its Subsidiaries in connection
awards granted by other entities to persons who are or who will become Employees or Consultants in respect of the Company or one of its Subsidiaries in connection with a
A
stock appreciation right entitles a participant to receive a payment, in cash, common
stock, or a combination of both, in an amount equal to the difference between the fair market value of the
stock at the time of exercise and the exercise price of the
award, which may not be lower than the fair market value of the Company's common
stock on the day of
grant.
Any Shares subject to
Awards granted under the Plan other than Options or
Stock Appreciation Rights shall be counted against the numerical limits of this Section 3 as two and fifteen - one hundredths (2.15) Shares for every one (1) Share subject thereto and shall be counted as two and fifteen - one hundredths (2.15) Shares for every one (1) Share returned to or deemed not issued from the Plan pursuant to this Section 3.
Information regarding
stock option
grants made in February and June 2007 appears in columns (b) and (j) of the Grants of Plan - Based Awards
grants made in February and June 2007 appears in columns (b) and (j) of the
Grants of Plan - Based Awards
Grants of Plan - Based
Awards table.
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.
Stock appreciation rights are generally subject to the same terms and limitations as options or, when
granted in tandem with other
awards, to the same terms as those other
awards.
Accordingly, our approximately 25,050,954 outstanding
awards (not including
awards under our employee
stock purchase plan) plus 25,865,562 Shares available for future grant under our equity plans (not including under our employee stock purchase plan) as of March 31, 2018 represented approximately 10.5 % of our Common Stock outstanding (commonly referred to as the «overhang&raq
stock purchase plan) plus 25,865,562 Shares available for future
grant under our equity plans (not including under our employee
stock purchase plan) as of March 31, 2018 represented approximately 10.5 % of our Common Stock outstanding (commonly referred to as the «overhang&raq
stock purchase plan) as of March 31, 2018 represented approximately 10.5 % of our Common
Stock outstanding (commonly referred to as the «overhang&raq
Stock outstanding (commonly referred to as the «overhang»).
Beginning in 2009, it was determined that the regular annual equity
award grants to the executive officers would primarily be in the form of a new type of equity
award entitled «outperformance
stock units» (OSUs), rather than
stock options and time - vested restricted
stock units (RSUs).
A
stock appreciation right gives a participant the right to receive the appreciation in the fair market value of Company Common Stock between the date of grant of the award and the date of its exer
stock appreciation right gives a participant the right to receive the appreciation in the fair market value of Company Common
Stock between the date of grant of the award and the date of its exer
Stock between the date of
grant of the
award and the date of its exercise.
Subject to Section 6 and the other terms and conditions of the Plan, each
Stock Appreciation Right
grant will be evidenced by an
Award Agreement (which may be in electronic form) that will specify the exercise price, the term of the
Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.
Subject to certain anti-dilution and other adjustments, no participant may be
granted in any calendar year (i)
stock options or
stock appreciation rights covering more than 14,000,000 shares; or (ii)
awards other than
stock options or
stock appreciation rights covering more than 4,000,000 shares.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the Board
granted to Mr. Musk a
stock option
award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
award to purchase 5,274,901 shares of Tesla's common
stock (the «2012 CEO Performance
Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of g
Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of
grant.
These new rules are effective starting in 2018 for us, except that certain equity
awards (such as
stock options) that we
granted on or before November 2, 2017, might still be able qualify as performance - based compensation.
After reviewing the revised peer group director compensation data in June 2009, the committee 1) set pay for the new non-executive Chairman of the Board, 2) increased the value of the annual equity
award from $ 145,000 to $ 175,000, since the previous level of compensation was deemed below the market median, and 3) changed the equity
grant vehicle from 100 % restricted
stock units (RSUs) to 50 % RSUs and 50 % outperformance
stock units (OSUs) in order to more closely align with the equity package that Intel executives receive.
(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.
forfeited to or repurchased due to failure to vest, the unpurchased shares (or for
awards other than
stock options or
stock appreciation rights, the forfeited or repurchased shares) will become available for future
grant or sale under the 2015 Plan.
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for Performance,» we have provided incentive compensation in the form of an annual cash incentive
award based on Company, business line and individual qualitative performance results for each fiscal year, and long - term incentive compensation generally in the form of
stock option
grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockholder value.
The following table provides information on
awards granted under the PfR Plan for fiscal 2010 and
awards of PRUs and
awards of restricted
stock units («RSUs»)
granted as part of fiscal 2010 long - term incentive compensation:
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
repurchased by us due to failure to vest, the unissued shares (or for
awards other than
stock options or
stock appreciation rights, the forfeited or repurchased shares) will become available for future
grant or sale under the 2015 Plan.
As described above, a portion of an executive's target long - term incentive amount is delivered in the form of PRUs, and the remaining value is
awarded in
grants of time - based restricted
stock units.
The Company recognizes compensation expense equal to the
grant date fair value of the common
stock on a straight - line basis over the period during which the employee is required to perform service in exchange for the
award.
Awards granted under the Plan may be Nonstatutory
Stock Options (NSOs), Incentive
Stock Options (ISOs),
Stock Appreciation Rights (SARs), Restricted
Stock, or Restricted
Stock Units (RSUs), as determined by the Administrator at the time of
grant.
The Committee may
grant dividend equivalents to any Participant based on the dividends declared on shares of Common
Stock that are subject to any Incentive
Award during the period between the date the Incentive
Award is
granted and the date the Incentive
Award is exercised, vests, pays out, or expires.
Prior to assuming his current role, Mr. Foran received a $ 750,000 special restricted
stock unit
award in May 2014, vesting on the second anniversary of the
grant date.
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.
Because of this timing, the amounts in the «
Stock Awards» column above for Ms. Brewer include two annual equity awards: her annual award for fiscal 2013, granted in February 2012; and her annual award for fiscal 2014, granted in January
Awards» column above for Ms. Brewer include two annual equity
awards: her annual award for fiscal 2013, granted in February 2012; and her annual award for fiscal 2014, granted in January
awards: her annual
award for fiscal 2013,
granted in February 2012; and her annual
award for fiscal 2014,
granted in January 2013.
(6) Regardless of the terms of any agreement evidencing an Incentive
Award, the Committee shall have the right to substitute
stock appreciation rights for outstanding Options granted to any Participant, provided the substituted stock appreciation rights call for settlement by the issuance of shares of Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights for outstanding Options
granted to any Participant, provided the substituted
stock appreciation rights call for settlement by the issuance of shares of Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights call for settlement by the issuance of shares of Common
Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
Stock, and the terms of the substituted
stock appreciation rights and economic benefit of such substituted stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights and economic benefit of such substituted
stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being repl
stock appreciation rights are at least equivalent to the terms and economic benefit of the Options being replaced.
In such event, the committee may adjust the number and type of Shares available under the 2015 Plan or subject to outstanding
grants and, subject to various limits in the 2015
Stock Incentive Plan, the exercise price of outstanding stock options and other aw
Stock Incentive Plan, the exercise price of outstanding
stock options and other aw
stock options and other
awards.
The 2004 Plan permits the
grant of the following types of
Awards: (1) nonstatutory stock options, incentive stock options and stock appreciation rights granted at the fair market value of our common stock on the date of grant (Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards: (1) nonstatutory
stock options, incentive
stock options and
stock appreciation rights
granted at the fair market value of our common
stock on the date of
grant (Fair Market Value
Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards), and (2) restricted
stock awards and restricted stock units (Full Value Aw
awards and restricted
stock units (Full Value
AwardsAwards).
Shkreli was
awarded substantial compensation by the Company during the period of his disloyalty including, but not limited to: substantial cash compensation, 1,605,570 shares of Retrophin
stock, a
grant of 1,080,000 time based options to purchase Retrophin
stock (the «December 2013 Option Agreement «-RRB- and a
grant of 400,000 options (half time based and half performance based) to purchase shares of Retrophin
stock (the «February 2014 Option Agreement»).