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These options typically have five-year lives and are out-of-the-money by about 5% at the grant date.
The significant drop in Take-Two's shares since the agreement was struck makes its grant date interesting.
(The exercise price of all options in the study is the same as the market price on the grant date).
He got options to buy 1.69 million shares, valued at $7.5 million on the grant date, the company said.
Consider again the executive who received 100,000 options on a stock that was trading, on the grant date, at $30.
In backdating, a company retroactively changes the listed grant date of options, usually to a day when the stock was at a low price.
Similar(22)
Grant-date values represent an estimate of the value of new stock and option awards.
Grant-date values represent the estimated value of new stock and option awards.
Whenever grant-date values are not provided for stock and option awards, Equilar values these grants using widely accepted methodologies.
Although companies disclose grant-date values for these awards, there is no guarantee that executives will actually realize these amounts.
Although companies disclose grant-date values, there is no guarantee that executives will actually realize these amounts.
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