8K footnote shows you: "Represents awards of fully vested shares under the issuer's 2012 Equity Incentive Plan approved by its Compensation Committee of the Board of Directors with a value on the respective date of grant equal to reduction in reporting person's cash salary."
So the choice was pay in stock so they have enough cash to pay the other employees in cash as they need it more. Scott Kelly has pocketed millions and can take stock so they don't have to layoff other employees.
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