So the IR person worked for free for almost a year, then just as the price rose, took $400k worth of stock, which had been negotiated a year earlier?
Seems like an odd way to do things. Was the IR individual given a payment based on getting the stock to a certain price? What triggered the payment otherwise? Surely the company didn't just realize they hadn't given him anything for the last 10 months.
Those who cannot learn from history are doomed to repeat it. GEORGE SANTAYANA