from restriction of the February 1, 2010 restricted stock award
As an inducement to Li, Hunsberger and Giesbrecht each accepting employment with the company, a majority of the independent directors on the company's board of directors approved: the grant to Li of a restricted stock award
of 142,857 shares; the grant to Hunsberger of a restricted stock award
of 142,857 shares; and the grant to Giesbrecht of a restricted stock award
of 142,857 shares.
The restricted stock award
will vest in thirds on the first, second and third anniversary, respectively, of the grant date, provided Mr.
Consequently, a restricted stock award
will result in taxable income to the employee under Sec.
1m restricted stock award
detailed in a filing with the US Securities and Exchange Commission (SEC).
His salary decreased by about $1,300 and his restricted stock award
was down roughly $75,000.
In the case of my restricted stock award
, it vests on a pro-rata basis depending on stock price and would only go into effect if the shareholders approved it at the next annual meeting.
Ridder also received a restricted stock award
In line with NASDAQ rules, Huntington has also announced that on July 8, 2009 it has issued to Blakely an inducement award, consisting of a restricted stock award
for 40,000 shares of Huntington common stock that would vest on the second year of the date of grant, subject to Blakely's continued employment with Huntington until that date.
NASDAQ: CDXS), a developer of cost-advantaged processes for the production of biofuels, bio-based chemicals and pharmaceuticals, today announced that it has granted a stock option award and restricted stock award
to David O'Toole, Codexis' newly appointed Senior Vice President and Chief Financial Officer.
from restriction of the December 19, 2008 restricted stock award
Stock options in tandem with restricted stock: In this scenario, there is a calculated relationship between the number of options granted and the restricted stock award