Under the merger agreement, at the effective time of the merger, each unvested Reven restricted stock award
will become fully vested and will be automatically converted into the right to receive the per share merger consideration for each share of Reven common stock underlying such award.
For example, assume a calendar-year company that on December 31, 2015, granted to its PEO a restricted stock award
that would vest on December 31, 2017.
1 received an option, which vests at the end of the two-year term, to acquire 62,500 shares of Emmis common stock, as well as a restricted stock award
of 176,679 shares of Emmis common stock -- half of which are to vest upon the first anniversary of the grant and the other half are to vest upon the completion of the two-year term.
A variation of a restricted stock award
is a performance award.
4) Restricted stock award
: Here the employer offers stocks subject to certain conditions.
Consequently, a restricted stock award
will result in taxable income to the employee under Sec.
All of Gorman s bonus will be deferred for a period of two to three years, including a $5.1 million restricted stock award
detailed in a filing with the United State Securities and Exchange Commission.
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.
The Express Options(TM) product enables companies to self-administer their employee stock option and restricted stock award
Time Warner awarded total compensation of roughly $13 million to topper Richard Parsons last year, including a $1.5 million salary, an $8 million bonus and restricted stock award
valued at $3.4 million.
Not only is O'Neal one of the highest ranking and highest paid African Americans on Wall Street--in 1999, his salary, bonus, and restricted stock award
earned him $7.5 million, not including stock options worth $11.5 million at that time--he is also one of the most highly regarded players in the financial services industry, black or white.
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.