Dear Windsock. RE: Sewell received 100,000 restricted stock units that will vest over 4 years. The restricted stock has a value of about $19,000,000 at current prices.
Each “stock unit” equals 10 shares of INTC?
RE: That does not include salary , bonus or stock options that were awarded to Sewell.
Are “stock option” different from “restricted stock units”?
My thought is that Sewell left because Andy Bryant settled the AMD suit against Bruce's advice. I think Bruce felt that settling AT THIS TIME would only create more problems. I think that Andy Bryant got his opportunity to negotiate because of the terms of the Cross License agreement and expanded that to a settlement of the entire dispute. I think that Bruce felt this was client interference in a matter that he was more competent to judge.
As an attorney, his only option was to withdraw from the litigation.
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