Since it's hard to get back stock options to advisory board members, I typically encourage entrepreneurs to hand out
stock awards for specific work well done, rather than work that might never happen.
By providing a lift to a stock's price, buybacks can increase total shareholder return to target levels, resulting in more
stock awards for executives.
stock ownership policy under which all executive officers are required to retain 50 % of their after - tax profit shares acquired upon exercise of options or vesting of
stock awards for a period of one year following retirement, and all other employees are expected to retain that number of shares while employed by the Company.
Not exact matches
During his 10 years at FNN, he was nominated
for a CableACE
award as best news anchor
for his work anchoring coverage of the
stock market crash of 1987.
Add another one to the list:
for one year, it smashed all records
for the highest executive compensation in Canada,
awarding its former CEO Michael Pearson $ 179 million in company
stock,
for a total take - home of $ 182 million, more than double paid to the previous year's highest paid CEO, BlackBerry's John Chen.
Coke will give performance - related shares (
stock given to an executive
for meeting certain goals) more weight in the long term
awards, moving the ratio to two - thirds shares, one - third
stock options, by 2016, compared to 60 % in options and 40 % in performance - shares now.
The beverage company's new guidelines
for a plan already approved by shareholders at the annual meeting earlier this year mean it will issue fewer
stock awards each year, addressing concerns that the plan would dilute their investments and was too generous.
Ordinarily, cash payments made in lieu of unvested
stock awards would trigger an immediate income - tax liability
for the recipient.
It uses
stock awards in the form of
stock options and RSUs as a retention tool
for general managers and executive kitchen managers.
Tillerson surrendered his
stock awards in exchange
for a cash payment to an independently managed trust — the trust then distributes money to Tillerson according to a schedule that mirrors Exxon's long - horizon vesting schedule.
He was accused of intentionally changing the grant dates
for hundreds of
stock option
awards without disclosing the move to investors.
A Willis Towers Watson analysis of Fortune 500 companies found that about 52 % of financial institutions now have limits on
stock awards directors can receive, compared with 28 %
for the whole 500.
The majority of companies have instituted limits just
for stock - based
awards, while others have targeted overall compensation, including cash.
When an employee takes a government job that requires divesting of assets in order to prevent conflicts of interest — as the role of Treasury Secretary certainly would, and did
for the current holder of that office, Steven Mnuchin — J.P. Morgan's policy fast - tracks the vesting of the employee's
stock awards.
For at least some of his stock awards, that won't be for another two yea
For at least some of his
stock awards, that won't be
for another two yea
for another two years.
JPMorgan noted that its calculation of Mr. Dimon's 2010 compensation did not include the $ 17 million in restricted
stock and options that he was
awarded in February
for his performance last year.
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.
Google announced today that Schmidt would be
awarded the sum in
stock and options that can not be fully cashed in
for four years.
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).
Unless otherwise expressly provided in (or pursuant to) this Section 4 (c) or required by Applicable Law: (A) all
Awards are non-transferable and shall not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; (B)
Awards that are Options or
Stock Appreciation Rights shall be exercised only by the Participant; and (C) amounts payable or Shares issuable pursuant to any
Award shall be delivered only to (or
for the account of) the Participant.
In no case, except due to an adjustment to reflect a
stock split or other event referred to under «Adjustments» below, and except
for any repricing that may be approved by shareholders, will the plan administrator (1) amend an outstanding
stock option or
stock appreciation right to reduce the exercise price or base price of the
award, (2) cancel, exchange, or surrender an outstanding
stock option or
stock appreciation right in exchange
for cash or other
awards for the purpose of repricing the
award, (3) cancel, exchange, or surrender an outstanding
stock option or
stock appreciation right in exchange
for an option or
stock appreciation right with an exercise or base price that is less than the exercise or base price of the original
award, or (4) take any other action that is treated as a repricing under U.S. generally accepted accounting principles.
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.
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.
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
However, Shares used to pay the exercise price or purchase price of an option or
stock appreciation right or to satisfy tax withholding obligations relating to such
awards do not become available
for future issuance under the 2013 Plan.
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.
Under the terms of the LTICP, in addition to or in lieu of
stock options, we may
award, and have
awarded in selected situations
for retention purposes or to address other competitive pressures, other types of equity - based long - term compensation, including restricted
stock, RSRs,
stock awards,
stock appreciation rights, performance shares, or performance units.
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»).
However, we show in column (e) of the Summary Compensation Table the
awards of RSRs to John G. Stumpf and Howard I. Atkins in 2002 and 2001, respectively, and
for Mr. Stumpf, whose RSR
award vested in full in 2007, the number of shares and value he acquired in columns (d) and (e) of the «Option Exercises and
Stock Vested» table.
Also, if a majority of the Board is comprised of persons other than (i) persons
for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change
for any reason other than death or permanent disability generally have their (i) options and
stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such
awards; (ii) restrictions with respect to restricted
stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.
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.
Additional information about the LTICP and other plans pursuant to which
awards in the form of shares of the Company's common
stock may be made to directors and employees in exchange
for goods or services is provided under «Equity Compensation Plan Information.»
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.
To the extent that in 2018 or any later year, the aggregate amount of any covered officer's salary, bonus, and amount realized from option exercises and vesting of restricted
stock units or other equity
awards, and certain other compensation amounts that are recognized as taxable income by the officer exceeds $ 1,000,000 in any year, we will not be entitled to a U.S. federal income tax deduction
for the amount over $ 1,000,000 in that year.
Shares used to pay the purchase price or satisfy tax withholding obligations of
awards other than
stock options or
stock appreciation rights become available
for future issuance under the 2013 Plan.
Shares underlying
stock options and
stock appreciation rights that so become available being credited to the 2013 Plan share reserve on a one -
for - one basis, and Shares subject to other types of equity
awards (i.e., full value
awards), being credited to the 2013 Plan share reserve on a 2.15 -
for - one basis; provided, however, that no more than 54,332,000 Shares may be added to the 2013 Plan pursuant to this provision.
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.
The Board or the HRC or the GNC may modify, suspend, or terminate the LTICP but may not, without the prior approval of our stockholders, make any change to the LTICP that increases the total amount of common
stock which may be
awarded (except to reflect changes in capitalization), increases the individual maximum
award limits (except to reflect changes in capitalization), changes the class of team members or directors eligible to participate, extends the duration of the LTICP, reduces the exercise price of or reprices outstanding
stock options or
stock appreciation rights, waives the LTICP's minimum time period requirements
for vesting and lapse of restrictions
for restricted
stock or RSRs, or otherwise amends the LTICP in any manner requiring stockholder approval by law or under the NYSE listing requirements.
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.
Additional information about the LTICP and other plans pursuant to which
awards in the form of shares of our common
stock may be made to directors and employees in exchange
for goods or services is provided under «Equity Compensation Plan Information.»
On December 31, 2009, the Company had 5.18 billion outstanding shares of common
stock, and approximately 734 million shares reserved
for issuance
for outstanding convertible preferred
stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term incentive compensation
awards, and in connection with employee benefit plans.
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Awards and pertinent Court documents.
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.