Cosi's Turnaround Story Is On; New CEO Buys Stock [View article]
The new CEO wasn't granted 1,000,000 shares of stock. She was granted restricted stock that vest over the next 5 years based on stock price and company performance. She gets 200k shares after 1 year of employment and a stock price over $1.25 per share, 200k after 2 years of employment and a stock price of $2.00, and so on. It is a long term stock based comp incentive plan.
Cosi's Turnaround Story Is On; New CEO Buys Stock [View article]