Post by easterndreams on Feb 19, 2020 21:34:53 GMT
· As agreed at the time Dan was appointed as CTO, he will be granted options over 100,000 shares in 2020 with an exercise price equal to the market value of the Metro Bank shares on the date of grant (such that the options have no value on the date of grant).
This should say something like "options have no 'intrinsic' value at date of grant", surely?
Seems to me a big packet of ATM options would be highly valuable.
This should say something like "options have no 'intrinsic' value at date of grant", surely?
Seems to me a big packet of ATM options would be highly valuable.