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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Comment by Justhalffullon Jul 12, 2021 12:18pm
203 Views
Post# 33529942

RE:RE:RSUs awarded

RE:RE:RSUs awardedAu contraire, mon ami.  You know not what you speak.  Firstly Quarterhill does not, and did not last week have ANY outstanding rights.  Secondly, when RSU's are issued, they have no tangible value until they vest.  When they vest, they are valued at the price of the shares on the vesting date.  The employee is then taxed on the value of the vested RSU"s.  If the employee elects to receive cash, then the transaction is reported on the company's books as cash transactions.  If they employee elects to receive the shares instead, then the company issues the shares, collects the appropriate tax from the employee for submission to the government.  The employee, he/she is an insider, is then required to report the receipt of shares to the SEC.  As they did not purchase the shares, they are recorded as an exercise of rights, which is in fact what the RSU inferred on the employee.  The right to receive stock if the underlying restrictions were met at time of vesting.   They did not pay $2.55 for the stock.  That was the value for tax purposes.  These RSU's were likely part of those issued in March 2021, and which vested in 6 quarters, one immediately, and one on each of July 1 and January 1, until July 1 2023,   You should read up on RSU's before you spew a bunch of false information.  I know how these things work.  I received them myself a number of times.
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