In November 2005 you received 100 Restricted
Stock Units for $ 8.00 / share and a FMV of $ 10.00.
In an Aug. 3 Securities and Exchange Commission filing, Tronc disclosed the granting of additional restricted
stock units for both CEO Justin Dearborn and CFO Terry Jimenez.
If you did not get a chance to buy it you are in luck, TigerDirect is now
stocking the unit for purchase.
Not exact matches
Sometimes that trouble makes
for a grim longer - term outlook: General Electric,
for example, has seen its
stock fall 51 % in the past year, but stalled growth and a tangled web of liabilities from its former GE Capital
unit make it a
stock to be wary of.
By July, they had shown that they could tap into a sizable market: after just one 10 - minute spot on QVC, the shopping network sold out of its entire
stock of 6,000
units; it took only five more spots
for viewers to snap up 20,000 more.
Ruckel would lose $ 19.51 (that's the $ 2.05 per
unit it costs him to
stock at Amazon's warehouse, $ 12.06 in nonrefundable fees
for Amazon to process a sale and $ 5.40 in return fees).
Restricted
stock units keep employees from quitting but it's foolish to mistake that
for loyalty, much less motivation.
Pichai, who took over in August, received a grant
for 273,328 Class C Google
stock units on Feb. 3.
Exxon created a payout plan in January 2017
for Tillerson, who had led Exxon since 2006 before serving in the Trump administration, to compensate him
for more than 2 million unvested shares and
stock units while removing any conflicts of interest.
Apple's
stock fell more than 2.5 percent in premarket trading following a report from Taiwan's Economic Daily that the iPhone maker will slash its sales forecast
for the iPhone X by 40 percent in the quarter to 30 million
units.
The iPhone maker's
stock fell more than 2.5 percent in premarket trading following a report from Taiwan's Economic Daily, citing unidentified sources, that Apple will slash its sales forecast
for the iPhone X by 40 percent in the quarter to 30 million
units.
Fox shareholders will receive 0.2745 Disney shares
for each
unit of Fox
stock they own.
Our equity incentive plan will allow
for the grant of other forms of equity incentives in addition to
stock options, such as grants of restricted
stock, restricted
stock units and
stock appreciation rights.
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.
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.
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.
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.
«Total CEO realized compensation»
for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any
stock option exercised by Mr. Musk in such year in connection with which shares of
stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common
stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted
stock unit vested by Mr. Musk in such year in connection with which shares of
stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted
stock unit, if any, the market price of Tesla common
stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of such amounts.
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.
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.
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:
The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided
for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments
for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of
stock options,
stock appreciation rights, restricted
stock, restricted
stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.
Initially, the IRA will include
stocks, bonds, CDs and variable annuities, Edward Jones said, but «
for now,» the IRA will not include exchange - traded funds,
unit investment trusts or mutual funds.
Accordingly, the voting power afforded to the Continuing LLC Owners through their shares of Class B common
stock is automatically and correspondingly reduced as they exchange LLC
Units for shares of Class A common
stock pursuant to the Exchange Agreement described below.
As of March 31, 2014, we had outstanding options to purchase an aggregate of LLC
Units that are exchangeable on a one -
for - one basis
for shares of our Class A common
stock and LLC
Units issuable upon the vesting of RSUs that are exchangeable on a one -
for - one basis
for shares of our Class A common
stock issuable upon the vesting of RSUs.
Accordingly, the voting power afforded to the Continuing LLC Owners by their shares of Class B common
stock is automatically and correspondingly reduced as they exchange LLC
Units and Class B common
stock for shares of the our Class A common
stock pursuant to the Exchange Agreement.
Should I elect to sell at today's prices, I could realize a nice capital gain because the other
stock market participants are willing to pay more
for each ownership
unit than they were a year or two ago.
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).
grant of incentive
stock options to employees, including employees of any parent or subsidiary, and
for the grant of nonstatutory
stock options,
stock appreciation rights, restricted
stock awards, restricted
stock unit awards, performance
stock awards, performance cash awards, and other forms of
stock awards to employees, directors, and consultants, including employees and consultants of our affiliates.
Our 2012 Plan allows
for the grant of incentive
stock options to employees, including employees of any parent or subsidiary, and
for the grant of nonstatutory
stock options,
stock appreciation rights, restricted
stock awards, and restricted
stock units to our employees, directors, and consultants, including employees and consultants of our affiliates.
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.
upon the exercise of an Option or
Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Stock Appreciation Right or upon the payout of a Restricted
Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Stock Unit, Performance
Unit or Performance Share,
for each Share subject to such Award, to be solely common
stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common
Stock in the Change in Con
Stock in the Change in Control.
Our 2014 Plan allows
for the grant of incentive
stock options to employees, including employees of any parent or subsidiary, and
for the grant of nonstatutory
stock options,
stock appreciation rights, restricted
stock awards, and restricted
stock units to employees, directors, and consultants, including employees and consultants of our affiliates.
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 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.
For additional details, see the discussion of PARSU awards under «Compensation Discussion and Analysis — Determination of Fiscal 2014 Executive Compensation — Fiscal 2014 Long - Term Incentive Compensation — 2014 Performance - Adjusted Restricted
Stock Units.»
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.
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.
For example, if a 100 share restricted
stock unit award is made under the 2014 Plan, the award would count as 200 shares against the 2014 Plan's share limit after giving effect to the 2:1 premium share counting rule.
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.
Subject to the provisions of the plan, distributions to participants with respect to their
stock units may be paid in shares of FedEx common
stock on a one -
for - one basis.
As of September 30, 2014, we had outstanding options to purchase an aggregate of LLC
Units that are exchangeable on a one -
for - one basis
for shares of our Class A common
stock and LLC
Units issuable upon the vesting of RSUs that are exchangeable on a one -
for - one basis
for shares of our Class A common
stock issuable upon the vesting of RSUs.
Under the first of those agreements, we generally will be required to pay to the Continuing LLC Owners approximately 85 % of the applicable savings, if any, in income tax that we are deemed to realize (using the actual applicable U.S. federal income tax rate and an assumed combined state and local income tax rate) as a result of (1) certain tax attributes that are created as a result of the exchanges of their LLC
Units for shares of our Class A common
stock, (2) any existing tax attributes associated with their LLC
Units the benefit of which is allocable to us as a result of the exchanges of their LLC
Units for shares of our Class A common
stock (including the portion of Desert Newco's existing tax basis in its assets that is allocable to the LLC
Units that are exchanged), (3) tax benefits related to imputed interest and (4) payments under such TRA.
The analyst, which initiated coverage of the
stock with a buy rating and $ 32 price target, cited several reasons
for his optimism:» (1) increasing brand awareness with further market penetration, (2) a shift toward online ordering, and (3) a (profit) tailwind as new
unit volumes mature.»
The agreement also provides
for an additional $ 3 billion in restricted
stock units to be granted to WhatsApp's founders and employees that will vest over four years subsequent to closing.
The
stock rallied over 6.5 % the week following the announcement, with the proceeds earmarked
for Model 3 production with deliveries by the end of 2017 and bringing forward Tesla's 500,000 vehicle
unit build plan 2 years from 2020 to 2018 (as in next year, 2018).