RE: Salaries paid in shares.....01 Apr 2021 08:44
In the UK, directors and employees have agreed a scheme in which, with effect from 1 April 2020, 40% of their salaries will be paid in nil-cost options to acquire ordinary shares in the Company, reducing monthly cash salary costs from £43,000 to £26,000. Options will be priced at a VWAP over the monthly salary period.
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So yes, the lower the share price throughout the month, the more nil cost options they get for their 40% pay.
It is in their interests for the share price to be lower, until they get their full salaries in cash again.