The non-employee director stock option prospectus explains the stock option plan to the non-employee directors. It addresses the director's right to exercise the option of buying common stock in the company, along with explaining the obligations of the non-employee director where taxes and capital gains are concerned.
Michigan Nonemployee Director Stock Option Prospectus
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Stock Options? this is valued by the grant date fair value award that is reported by the company; equates to approximately 6% of total compensation. Full Value Stock Awards? includes stock and stock unit awards; equates to approximately 48% of total compensation. A Primer in Board of Directors Compensation summitexecutiveresources.com ? blog ? a-primer-... summitexecutiveresources.com ? blog ? a-primer-...
Agree with your primary investor on the compensation you can offer an independent director. This is usually stock options of some kind, typically ranging from 0.25% to 1.0%, with vesting that matches the length of the first appointment (e.g., two years on the board, two-year vesting).
It has historically been common for board members to be compensated through an annual cash retainer, annual equity retainer (whether in stock options or full value grants), and a variety of committee and meeting fees.
ESOs are a form of equity compensation granted by companies to their employees and executives. Like a regular call option, an ESO gives the holder the right to purchase the underlying asset?the company's stock?at a specified price for a finite period of time.
A share option gives the holder the right, but not the obligation, to purchase a specific number of shares in the company at a predetermined price, known as the 'exercise price', or the 'strike price'. What are share options? - Vestd vestd.com ? share-options vestd.com ? share-options
Here is one rule of thumb: directors should be awarded 0.5% of the fully-diluted equity of the company for each year of service, typically 1.5% for 3 years in the form of options on common shares with a strike price set at the fair market value (this is important for tax reasons and may be a requirement of a ...