The Annual General Meeting authorized the Board to decide on the purchase and transfer of own series A shares, in order to fulfill obligations related to the performance stock
option plan for 2017, and to the part of the board fee that consists of synthetic shares.
These inducement awards will consist of stock options to purchase 250,000 shares of Silver Spring's common stock with an exercise price equal to the closing price of Silver Spring's common stock on the New York Stock Exchange on the date of grant and 125,000 restricted stock units, as well as 125,000 performance stock
Further, the Annual General Meeting re-elected Deloitte AB as the company's auditing company; approved the proposal of the board regarding guiding principles for remuneration to senior executives (CEO and other members of Group management) and a performance based personnel option plan for 2015; authorised the board to decide on the purchase and transfer of own series A shares, in order to fulfil obligations related to the performance stock
option plan for 2015 and to the part of the board fee that consists of synthetic shares; Meeting resolved on an automatic redemption procedure in accordance with the board's proposal.
Moreover, 60 percent of Top 200 companies using performance-based grants like performance shares or performance stock
units had weights of 50 percent or higher in their LTI mix.
This has been one of the most highlyanticipated sales since its cancellation in September as it provides a unique opportunity in terms of quality and performance stock
for anyone interested in developing their own Texel flock, or starting a new flock," said Mr Oates's son Tom.
price performance Include market cap and explain Graph data--five FYs past plus business/industry cycles and current FY, usually a market situation; show dividend graph--showing company and market growth components.
In the second quarter, however, the company recorded a noncash charge for performance stock
options of $78 million.
Among them, 37% incorporate "design variations"--primarily performance stock
options, restoration (reload) stock options, and premium and discount stock options.
In one case, investors track their performance stock
by stock and are loss averse over individual stock fluctuations.
77 million related to the vesting of performance stock
options granted to the company's executive officers.
If the new method is chosen, compensation cost arising from both fixed and performance stock
compensation plans should be measured at the fair value of the award on the grant date, with subsequent adjustments for actual experience for performance-related factors i"modified grant date" method).