About $14.2 million of the compensation was in stock options that have a strike price of $34.64 and vest through 2015, according to an analysis by The Associated Press of a proxy statement filed Friday with the Securities and Exchange Commission.
Adobe's shares closed Friday at $18.04, so it could be some time before they are worth cashing in. They could also expire worthless.
SEC rules require Adobe and other public companies to provide an estimated value of the option on the date they were granted, knowing that executives have several years to decide when — or if — to exercise options."
No comments:
Post a Comment