NORDIC BUSINESS REPORT-March 13, 2018-Bavarian Nordic announces awards of
restricted stock units to executive management
M2 EQUITYBITES-March 13, 2018-Bavarian Nordic announces awards of
restricted stock units to executive management
6, 2017 of inducement
restricted stock units for an aggregate of 57,565 ordinary shares to 20 new 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.
According to TIBCO, with respect to new employees, it granted a total of 69,944 shares of
restricted stock to 61 employees under the plan and
restricted stock units representing a total of 23,833 shares of common stock to 62 employees under the plan.
In recent years,
restricted stock has become a popular form of incentive compensation for executives and other key employees.
In addition to these new corporate governance features, OptionTrax provides what it calls a "user-friendly Web-based equity plan administration package" that enables corporate finance or HR departments to manage options, warrants,
restricted stock and
restricted stock units.
Another, more significant limit is the fact that most companies are unable or unwilling to transfer stock options or
restricted stock to a non-employee-spouse.
But we'll be using a combination of
restricted stock and stock options.
The site carries a wide variety of subscription services, including (with annual subscription prices): Shannon Pratt's Business Valuation Update ($229) monthly newsletter; BVLaw ($225), a database of court cases, statutes, IRS materials, and briefs and valuation reports; BVPapers ($225), a database of
restricted stock and pre-IPO study papers; Economic Outlook Update ($225), a quarterly report on indicators, consumer prices, inflation and interest rates, unemployment figures and related data; Pratt's Stats ($495), a database of company sale data on private business sale transactions for deals under $100 million; and, Pratt's Stats Public Company ($495), a similar financial information database covering public company transactions.
However, granting
restricted stock presents both tax opportunities--and pitfalls--for the company and the employee.
Microsoft's recent decision to replace options with
restricted stock overturns a host of market myths and paves the way for new thinking about incentives.
