Restricted Stock Unit


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Restricted Stock Unit

A restricted stock, usually acquired through the exercise of a stock option, that does not vest until some date in the future. Restricted stock units do not pay dividends until they vest. Likewise, one is not responsible for taxes on these units until they vest, unless one chooses a section 83(b) election.
References in periodicals archive ?
The stock options and restricted stock units were granted as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(4).
NORDIC BUSINESS REPORT-June 7, 2019-Genmab reports on grant of restricted stock units and warrants to employees
The inducement awards consist of an aggregate of 16,000 options to purchase shares of Millennial Media common stock granted to five new hires, 50,000 restricted stock units of Millennial Media common stock specifically negotiated in connection with the hire of another individual, and 350,000 restricted stock units of company stock specifically negotiated in connection with the hire of another individual.
The value of one restricted stock unit is DKK143.8, based on an average of the closing price of the company's shares over a period of 15 trading days prior to the date of grant.
Genmab A/S (CPH:GEN), a biotechnology company specialising in the creation and development of differentiated antibody therapeutics for the treatment of cancer, announced on Friday the decision at a board meeting by its board of directors to grant 6,397 restricted stock units and 19,982 warrants to employees of the company and two of the company's subsidiaries.
The restricted stock units were granted as inducements material to the new employees entering into employment with Horizon Pharma in accordance with NASDAQ Listing Rule 5635(c)(4).
Biopharmaceutical company Puma Biotechnology Inc (NASDAQ:PBYI) announced on Tuesday that it awarded inducement restricted stock unit to three new non-executive employees entering into employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Global Banking News-April 10, 2019-Puma Biotechnology announces inducement restricted stock unit to three new non-executive employees under Nasdaq Listing Rule 5635(c)(4)
Additionally, the restricted stock units will vest in three equal annual installments beginning on the first anniversary of the grant date and will be subject to the restricted stock unit agreement pursuant to which the restricted stock units will be granted, concluded the company.
JDSU (NASDAQ: JDSU) (TSX: JDU) reported that, in connection with the acquisition of Network Instruments, it has issued grants of compensatory restricted stock unit awards to Network Instruments employees joining JDSU.
Each restricted stock unit is subject to the terms and conditions of Horizon Pharma's 2014 Equity Incentive Plan and the restricted stock unit agreement pursuant to which the restricted stock unit was granted.
On 15 August 2016, the company's board of directors awarded McFarlane with a stock option to acquire 120,000 shares of its common stock, a performance-based restricted stock unit award covering 30,000 shares of its common stock as well as a time-based restricted stock unit award covering 15,000 shares of its common stock.

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