I notice a lot of complaints that management isn't interested in a BP buyout due to collecting free shares however the free shares would all immediately vest in the event of change of control so wouldn't they instead welcome it?
This is from the latest Form 4 filed 4/14 for KM.
Remarks:
In the case of a Change of Control (as defined in the Issuer's stock incentive plan), the grants described in this Form 4 vest in full. As of the date of this Form 4, the Reporting Person owns or holds the right to acquire an aggregate of 3,201,699 Ordinary Shares of the Issuer in the form of Ordinary Shares, stock options and RSUs outstanding under the Issuer's stock incentive plans, including but not limited to certain performance-based RSUs that are earned only if certain pre-defined operational milestones are achieved and, in certain cases, then vest only if the recipient remains with the company for an extended period of time.
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