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wynns01

12/16/15 11:16 AM

#43828 RE: j45 #43826

Hence why I put it in quotations. Most companies will have options vest over 4 years to keep top talent around and incentivize them to stay. Yes, you are correct though...every BOD makes their own rules. But according to the Form 4 from when he was hired..."Options vest one-third on April 2, 2016, one-third on April 2, 2017 and one-third on April 2, 2018, subject to earlier vesting in accordance with the terms of his employment agreement."...looks "normal" to me

According to the filing when Lindberg was hired they're paying him a salary of $10,000 a month...I'd say that's pretty incentivized. Now he's making 120k a year AND has 10 million options at his disposal.