No. of Recommendations: 2
Earlier this month, I estimated that their stock based compensation
would rise by about $41M in Q1. This was an astounding increase.
I was struggling to see where it could come from. The 27M awarded
is about 2/3 of that $41M, so that answers that.
Incidentally, it's also about 1/3 of the stock they repurchased in
2022.
Yuck. This kind of stuff does not make me a happy shareholder. :(
I can deal with a cyclical downturn in business, but the top managers getting immense riches at the same time the company is struggling to rein in expenses to scratch back toward break-even? Gross.
