Google’s New Employee Stock Option Program
Written by on December 13th, 2006 in Ajax News.
Reuters is reporting that Google will instate a program to allow employees to sell vested stock options early, beginning in April.
Most employees were given stock options when the company went public in 2004. This program will allow employees, with the exception of top executives, to sell said options to “qualified institutions via a private auction managed by Morgan Stanley,” according to Reuters. This will raise the value of the options, while raising the cost of options to Google.
Currently, the price of a single share of Google is approximately $481. By selling a stock option early, employees will make the difference between the initial price and the current price.
“The goal is quite simple,” David Rolefson, Google’s manager of equity and compensation, told Reuters. “It is to increase the perceived value of the option to the employee.”
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/60716303/