Restricted Stock

Restricted stock, also known as letter stock or restricted securities, refers to stock of a company that is not fully transferable until certain conditions have been met. Upon satisfaction of those conditions, the stock becomes transferable by the person holding the award. Restricted stock is often used as a form of employee compensation, in which case it typically becomes transferrable ("vests") upon the satisfaction of certain conditions, such as continued employment for a period of time and sometimes the achievement of particular earnings per share goals or other financial targets.
Posts about Restricted Stock
  • Mike Schroepfer, Chris Cox Sell Facebook Shares

    … Facebook chief technology officer Mike Schroepfer and chief product officer Chris Cox revealed their sales of shares in the company in Form 4 filings with the Securities and Exchange Commission Wednesday. Schroepfer exercised 35,000 restricted stock units that were set to expire Jan. 11, 2019. He then sold 35,000 shares of Facebook class…

    David Cohen/ AllFacebookin Social Facebook- 5 readers -
  • Facebook’s acquisition of WhatsApp is official

    … of the WhatsApp securityholders. In addition, the Company awarded 45,941,775 restricted stock units (“ RSUs “) to WhatsApp employees. On the closing date, Jan Koum, WhatsApp’s co-founder and CEO, became a member of the Company’s Board of Directors (the “ Board “). Koum, who will make an annual salary of $1, netted 24,853,468 shares of Facebook stock…

    Justin Lafferty/ Inside Facebookin Social Facebook- 14 readers -
  • Sheryl Sandberg Sells 283,334 More Facebook Shares

    … with a total of 5,661,943. Chief product officer Chris Cox also filed a Form 4 Friday, revealing that he exercised 11,371 restricted stock units that were set to expire Aug. 25. 2019. Cox then sold 4,534 class-A shares at $76.796 each, and another 1,400 at $78.1829, leaving him with 580,288 shares of Facebook class-A common stock. …

    David Cohen/ AllFacebookin Social Facebook- 5 readers -
  • Mike Schroepfer Sells 75K Facebook Shares

    … Facebook chief technology officer Mike Schroepfer exercised 75,000 restricted stock units that were set to expire Jan. 11, 2019, and immediately sold 75,000 shares of class-A common stock in the company at $75.90 per share, he reported in a Form 4 filing Monday with the Securities and Exchange Commission. Schroepfer now holds 230,401 shares…

    David Cohen/ AllFacebookin Social Facebook- 5 readers -