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Post by boca1girl on Feb 25, 2019 7:29:06 GMT -5
Seems to me whether you're committing your own money or your own time and effort as an employee, you're still acquiring. IMO this will be seen as good by the market. Let's hope. I disagree.
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Post by akemp3000 on Feb 25, 2019 7:32:17 GMT -5
Seems to me whether you're committing your own money or your own time and effort as an employee, you're still acquiring. IMO this will be seen as good by the market. Let's hope. I disagree. Fair enough but the word "acquiring" is the actual word used on the SEC form. And BTW, I'm a fan of your and many other's posts
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Post by sla55 on Feb 25, 2019 8:25:11 GMT -5
1. Each restricted stock unit represents a contingent right to receive one share of MNKD common stock. 2. Restricted stock units shall vest and be delivered on February 20, 2020.
Binder, Steven B - 40,268 Barton, Courtney - 12,584 Alinaya, Rosabel Realica - 18,484 Castagna, Michael - 60,403 Kocinsky, Joseph - 38,507 Kendall, David M - 37,026 Ingram, Elizabeth Garrett - 11,871 McCauley, Patrick - 40,268 Thomspn, David - 43,616 Tross, Stuart - 36,745
Total = 339,772
1. Each restricted stock unit represents a contingent right to receive one share of MNKD common stock. 2. Restricted stock unit shall vest immediately, but the shares shall not be delivered until the director leaves the Board. Mundkur, Christine - 32,608
TOTAL: 372,380
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Post by sportsrancho on Feb 25, 2019 8:44:40 GMT -5
Incentive awards not performance based. 🙄 Won’t affect the market.. just make a lot of people mad.
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Post by barnstormer on Feb 25, 2019 9:01:12 GMT -5
Incentive awards not performance based. 🙄 Won’t affect the market.. just make a lot of people mad. Awards under the current circumstances will make a lot of people mad. The upside is stock awards are a good incentive for management to succeed. The shareprice becomes more important to them as a measure of how MNKD is doing and puts pressure on them to perform.
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Post by celo on Feb 25, 2019 10:00:07 GMT -5
Afrezza is a great drug. The pipeline has shown a lot of promise.
Unfortunately, the management of the company has shown recently, in multiple instances, they do not value the long term shareholders. The longterm shareholders have held the price up during low sales. The company does not value the stock price. There is plenty of time to give away shares when the stock price has turned around. Work your ass off to get the share price higher and you will reap the benefit. I would say, many companies do this. MNKD is not alone.
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Post by prcgorman2 on Feb 25, 2019 10:08:44 GMT -5
It's cheaper than paying cash.
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Post by agedhippie on Feb 25, 2019 10:18:46 GMT -5
There are cases where RSUs work well. The company I work for has a hard cap on the cash part of the salary across all job roles with anything over that cap paid in RSUs. About half my salary is RSUs. It's not great because RSUs are taxed as income, and half my income is at the whim of the market (on the plus side to date that has worked well for me).
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Post by bigchungus91354 on Feb 25, 2019 11:42:28 GMT -5
I think its a fair award. These guys did a lot to turn this around quickly. Just look at the SP performance over this year. They took it from 1.16 to 1.60 in less than 2 months. If they can get it over 1.60, we reap the rewards and they have earned their pay.
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Post by traderdennis on Feb 25, 2019 13:08:41 GMT -5
I think its a fair award. These guys did a lot to turn this around quickly. Just look at the SP performance over this year. They took it from 1.16 to 1.60 in less than 2 months. If they can get it over 1.60, we reap the rewards and they have earned their pay. How about those that bought during october 2017 at greater than $6.00. And they have been dilluted by 50%. Great job management.
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Post by matt on Feb 25, 2019 13:21:07 GMT -5
These are stock awards, not purchases. Restricted stock units that fully vest in one year, 02/20/20. Any particular clue about the timing? The timing probably has to do with the earnings release. Virtually all companies schedule board meetings at the time of the 10-K and 10-Q releases so that the audit committee can review the results with the outside auditors and discuss any issues, and while the board is in town it is normal for compensation committee decisions to be made at the same time, especially if part of management's bonuses are tied to specific budget numbers. RSU grants are normally decided by the Compensation Committee and ratified by the full board, so now is the most logical time to make such awards. All typical timing for public companies.
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Post by #NoMoreNeedles on Feb 25, 2019 13:23:39 GMT -5
Any particular clue about the timing? The timing probably has to do with the earnings release. Virtually all companies schedule board meetings at the time of the 10-K and 10-Q releases so that the audit committee can review the results with the outside auditors and discuss any issues, and while the board is in town it is normal for compensation committee decisions to be made at the same time, especially if part of management's bonuses are tied to specific budget numbers. RSU grants are normally decided by the Compensation Committee and ratified by the full board, so now is the most logical time to make such awards. All typical timing for public companies. Absolutely correct! Better do it before MK challenges management again during earnings call.
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Post by ktim on Feb 25, 2019 15:10:00 GMT -5
Seems to me whether you're committing your own money or your own time and effort as an employee, you're still acquiring. IMO this will be seen as good by the market. Let's hope. Darn, stock going down. Maybe they need to give themselves 2 or 3 times as much to have a positive effect on share price. Maybe some big cash bonuses as well. They need to start thinking big to really move the needle.
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Post by jonny80s on Feb 25, 2019 16:25:54 GMT -5
I think its a fair award. These guys did a lot to turn this around quickly. Just look at the SP performance over this year. They took it from 1.16 to 1.60 in less than 2 months. If they can get it over 1.60, we reap the rewards and they have earned their pay. Dec 28, 2017 $2.32.... Dec 27, 2018 $1.32. All for a little bit of advertising money. If we don't see a significant jump in scripts over the next 4 weeks it will have been for nothing. Not nothing.... a 50+ % hit in share value.
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Post by cretin11 on Feb 25, 2019 16:57:30 GMT -5
Seems to me whether you're committing your own money or your own time and effort as an employee, you're still acquiring. IMO this will be seen as good by the market. Let's hope. I can't imagine that this particular means of "acquiring" would be seen as a good thing by the market. Would love to be proven wrong.
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