The stock options were only granted not exercised. At this point no money has changed hands. It is also important to note that the stock must go up for the options to have any intrinsic value. This Director "compensation" is different from as recently as 2013 when common stock was given outright as part of the comp.. Now the Directors must pay the exercise price which is set at the market at the time of the grant. This much more closely aligns the interests of the STWA team with the rest of its shareholders.
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