Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Mr. Bregman has been there about a week and he already gets 300000 shares.

They are options...here is the wording...

1. Options were awarded by the Board of Directors as part of Mr. Bregman's employment agreement.
2. The options will vest over a three-year period, commencing one year from the date of issuance. The first third will vest on May 17, 2022

https://s3.amazonaws.com/sec.irpass.cc/2258/0001863113-21-000002.pdf

He has nothing until a year from being hired and then only 1/3. Key to any options are not only the vesting period but the strike price. His are 5.6 cents. The thing about options is they have no value if the share price does not go up. For the sake of argument, let's say the p/s never get above 5.6 cents over the next three years...In that case he has nothing. Stock options are a wonderful thing but only if the share price moves beyond the strike price...BEFORE THE EXPIRATION DATE! There are some other interesting aspects but I try to add clarity not confusion and since most will never see a stock option, I will stop here.