Raisio Oyj (HEL:RAIVV), a producer of cereal products and animal feed, announced on Tuesday the decision by its board of directors, at its meeting held on 12 February 2018, to convert a total of 46,077 restricted shares
(series K) into free shares (series V).
The Investor will be issued with 2,307,692 restricted shares
of the company's common stock (a price of USD 0.
11 November 2013 -- Florida-based bank holding company BankUnited Inc (NYSE: BKU) said it has granted employment inducement awards in the form of restricted shares
of the company's common stock to five new employees on November 7 2013 as required by New York Stock Exchange Listed company Manual Section 303A.
Under Smith's old working agreement, 53,075 restricted shares
of Class A common stock were scheduled to vest on various dates through 2012.
83 to an employee's conversion or exchange of "fully vested" or "unrestricted" shares for restricted shares
has been unclear.
In the wake of adopting FAS 123(R), some companies have shifted away from exclusively granting stock options toward exclusive use of restricted shares
or a combination of the two.
As a result, eight standard options may be traded for, say, two restricted shares
or, perhaps better, one restricted share
plus eight premium options.
The award of the restricted shares
was approved by the independent members of the Company's Board of Directors without stockholder approval, in accordance with and subject to the exception for an "inducement grant" as such term is defined in Section 711(a) of the NYSE Amex Company Guide.
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to key employees
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The restricted shares
will vest in equal installments on Jan.
Changes in the tax law also enhanced the appeal of corporate dividend payments, which are generally available for restricted shares
, but not stock options.