Spyglass Resources Corp SGLRF

options being cashed out.............................

[rad10]

https://canadianinsider.com/node/7?menu_tickersearch=SGL+%7C+Spyglass+Resources

Don't flame the messenger...........

[sanityseeker]

Anyone know if those RSU's were set to expire in which case the exercise says little about management sentiment?

[sanityseeker]

Just a note to anyone who might otherwise be deceived by Rad10's post.  These were not exercises of options.  These were settlements of RSU's. An RSU settlement is a payment of a cash bonus determined by reference to the share price on the date that the RSU matures. These are not like options were shares are acquired and there is a choice about whether to cash in. Employees

[rad10]

[sanityseeker]

RSUs are settled only in cash,and are issued by many companies that want bonuses to be tied to share price but don't want the dilution that comes with options. Perhaps you are mistaking them for stock appreciation units, or maybe you just like to talk about things you don't know.

[rad10]

Sanity - it is your position that an RSU has to be cashed out as soon as it vests?  Surely if the beneficiary feels that stock price appreciation will occur - they will hold onto it for future gains and tax deferral? Am I missing something here?  Is there something specific to Spyglass exec compensation that I have overlooked?  Do the directors have to immediately cash out their

[BlueCollar51]

I am having a hard time understanding why anybody thinks that on July 01 7 SGY insiders exercised a total of 119,743 RSUs for a total of $211,945.11 cash is a cause for alarm.   When you compare that to what these guys still hold in RSUs and shares it’s a small amount.   Also realize that a large part of their total compensation is share based.   All they are doing is cashing a

[sanityseeker]

Well said Blue. 

[sanityseeker]

RAD10 - the year end financial statements clarify that the RSUs are settled only in cash. All the RSUs I have seen before are settled automatically upon vesting without discretion. I believe this is how they generally work and,would also be the case for SGL, but cant say for sure. If this wasnt the case, I would expect the accounting standards would require a disclosure regarding an @expiry date

[hollyberries]

Thanks Sanity, you are correct.   I called IR and they confirmed that the recipients are under contract to take their RSU's in cash.

[sanityseeker]

And one more thing, Rad10  - stock options are a form of bonus compensation, that are very often cashed out regardless of the prospects of the employer. People generally like to take their comp in cash. So even if these were options, cashing them out really isn't very different then me not using my annual cash bonus to buy stock in my company, even though I think my company has a bright