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The article also referred incompletely to restricted stock granted to James Dolan.
In other words, the loss of value is compensated for with a gain in the amount of stock granted.
Vail's stock price, which plunged to a record low of $12.23 in October, has also curtailed Mr. Aron's bonuses and prevented him from cashing in options on more than 900,000 shares of stock granted to him since he joined the company.
While the details vary significantly between the House proposal and the two Senate bills, these provisions, among other things, would ban employers from forcing workers to hold on to stock granted as matching 401(k) contributions for longer than three years, and encourage employers to provide workers access to investment advice.
Another answer would be to replace stock options with restricted stock, granted under conditions relating to executive tenure and performance.
Three and four-year vesting schedules are typical for stock granted from being acquired, so the two might have gotten their money and reached a cliff where there was less financial incentive to stick around.
Similar(51)
Other managers received generous stock grants.
Stock grants aren't always a boon.
Restricted stock grants, on the other hand, have less upside.
These stock grants can not be sold until 2014.
The award includes $12 million in a stock grant.
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