RE:RE:RSURight, but how was the Fair value determined?
We are approaching the AGM where RSU/PSU is in discussion:
There is a maximum of Common Shares that may be issued under the PSU&RSU Plan and all other security-based compensation arrangements (being the Option Plan and proposed Deferred Share Unit Plan), representing 10% of the number of issued and outstanding Common Shares on that date. As at May 6, 2022, Questor had 365,661 RSUs and 173,453 PSUs outstanding under the PSU&RSU Plan and 307,125 Options outstanding under the Option Plan to acquire up to 846,239 Common Shares, representing in aggregate 3% of the outstanding Shares.
If shareholders approve the PSU&RSU Plan at the Meeting, an aggregate of 1,929,947 awards (being any combination of DSUs, PSUs, RSUs and Options), or 7% of the currently issued and outstanding Shares, will be available for future issuance under the PSU&RSU Plan, the Deferred Share Unit Plan and the Option Plan combined.
In accordance with the Policy 4.4 of the TSXV, a listed company on the TSXV is required to obtain the approval of shareholders and the TSXV for a “rolling” PSU&RSU Plan annually. Accordingly, at the Meeting, Shareholders will be asked to consider and, if thought fit, to pass an ordinary resolution re-approving the PSU&RSU Plan. The TSXV has conditionally approved the PSU&RSU Plan, subject to the approval of the Shareholders at the Meeting.
My question is how is this fair value of options calculated? For example if it is based on current Stock price, then management and the board would have incentive for lower price prior to this meeting. Much the same as last year......
It also could lead into concern about the information that was provided in Q1 earnings report. What was omitted and what was included?