Avid Bioservices Inc (CDMO)

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Interesting quote from an article about a CEO and Shareholder value. I thought the reason for returning the shares was admirable; especially, when compared to the Peregrine BOD and the measuring stick they use to give themselves bonuses, stock options and retention bonuses. Whatever it takes to pad their wallets.

If Peregrines management waited until they increased shareholder value to get options, then I doubt the Executives would own any options.

He gave back 44,445 restricted-stock units, worth nearly $2 million.

According to a regulatory filing, "Mr. Holley elected to return the restricted stock units because he does not believe that he should receive such an award unless Plum Creek's stockholders see an increase in their investment return."