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No, it's for the year. And the way I understand it, they took a one time charge during this year for all stock based compensation ever. So it's really all stoc
by acchow 9y ago
No, it's for the year.
And the way I understand it, they took a one time charge during this year for all stock based compensation ever. So it's really all stock based compensation ever.
They did not hand out $2.2bn in stock in 6 months.
- rrdharan 9y agoThe $637 million (or $750 million depending on when/how you look at it) was definitely handed out specifically as a bonus for taking the company public: https://www.recode.net/2017/2/2/14465646/evan-spiegel-snap-ipo-bonus-750-million https://www.recode.net/2017/2/2/14465646/evan-spiegel-snap-i...
- JauntTrooper 9y agoFair enough, I did some more digging. $1.99 billion in stock-based compensation was recognized in the first 3 months of the year. $637 million of that was given to the CEO according to his October 2016 employment contract, which all vested at IPO in March 2017. Then there's the pre-IPO employee RSUs. Those typically are subject to 4 years of time vesting, as well as a performance requirement that triggered when the company IPOed. $1.3 billion of those were recognized as of March 31 2017 because they met their performance vesting requirement (IPO-ing). Those were probably the shares that had already satisfied the time-vesting requirement. The company still hasn't recognized an additional $1.3 billion in stock-based compensation that will be recognized on its financial statements over a weighted-average period of the next 3.1 years. Those were probably issued relatively recently since they haven't met their time vesting requirement yet.
- prostoalex 9y agoRemember the Simpsons episode where the CEO of the Internet company invites everyone to treat themselves to some free shares?