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illumin Holdings Inc T.ILLM

Alternate Symbol(s):  ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables advertisers to connect intelligently with audiences across online display, video, social and mobile campaigns. Its Programmatic Marketing Platform, powered by machine learning technology, is at the core of its business, accompanied by patented solutions for analytics-led video and mobile targeting that leverages data. It enables marketers by offering near real-time reporting and analytics, bringing accountability to programmatic advertising to deliver business results and help solve the challenges that digital advertisers face. Its illumin software offers advertising automation technology that offers planning, media buying and omnichannel intelligence from a single platform.


TSX:ILLM - Post by User

Comment by Torontojayon Sep 09, 2021 8:55pm
278 Views
Post# 33838157

RE:excercise of rights

RE:excercise of rights

mofwmofw wrote: Jonathan Pollack Sept. 7-21, 17,045 volume or value. Just curious of the meaning. thanks

 

Hi mofwmofw. 

Acuityads grants "rights"to officers that vest over an 18 month period. Directors receive grant of rights that vest over a 12 month period. After the Cfo Jonathan Pollack receives his grant of rights, he must wait a minimum of 18 months for his rights to vest. At that point he can exercise his right and receive the same number of shares at no additional cost to him. He can sell these shares in the open market immediately after vesting. 

One other point worth mentioning is that exercising of rights is different than exercising of options. In the latter case, you may exercise your options when the fair market value exceeds the exercise price and after your vesting period ends. In the former case with Acuityads, the grant of rights have no exercise price as the employee gets to keep the entire amount to himself. With stock options, the employee makes the difference between the fair market price and the strike price per share while the company receives proceeds equal to the strike price multiplied by the number of shares. In a restricted stock unit or "grant of rights" the company receives no proceeds but the employee receives the full compensation for his services. 

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