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The restricted stock that Microsoft will grant will become vested over five years.
One approach would be to pay a large share of all bankers' remuneration with restricted stock that vested over several years.
Although it will grant no more options, it will report as an expense the value of options that become vested over the next few years.
His first year's total compensation was $7.9 million, including an initial $4.3 million restricted stock grant, vested over 10 years, and a $500,000 long-term performance payout.
As incentive to stay longer, each will get 500,000 stock options and 500,000 "restricted shares," stock gifts that gradually become vested over a few years and can then be sold.
Mr. Campeau has said that Mr. Macioce and other Allied executives would be invited to continue in their jobs, and he has offered them a 15percentt interest in the surviving company, to be vested over six years.
Similar(42)
The awards simply vest over time.
But the stock will vest over a 10-year period.
The award vests over five years, and half is performance-based, she said.
(WhatsApp employees and founders get another three billion dollars in restricted stock units, vesting over the next four years).
Shares will vest over three years, when employees acquire ownership subject to company performance.
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