20-163H 20-163H . . . Restricted Stock Award Plan under which committee of Board of Directors can (a) grant restricted stock to officers and key employees of corporation and (b) reimburse such persons for amounts payable by them as consequence of any such award
Nebraska Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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FAQ
In 2003, the Company established a program to grant performance share units under The Coca-Cola Company 1989 Restricted Stock Award Plan to executives. In 2008, the Company expanded the program to award a mix of stock options and performance share units to eligible employees in addition to executives.
A restricted stock award (RSA) is a form of equity compensation used in stock compensation programs. An RSA is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest.
An executive receiving RSUs will receive value even if the stock price drops. For example, if the stock price drops from $20 per share on the grant date to $15 per share on the vesting date, the executive would still receive stock valued at $150,000 before taxes.
Restricted stock units are a type of stock-based compensation awarded to employees. RSUs initially have no financial value, but are a promise to the employee that they will receive stock at a specified time in the future.