Sherritt International Corp T.S

The 1% has to eat first as always

[Stratocheif]

$26.6 million extra dollars in the pockets of the top brass............wtf is that..........."Adjusted EBITDA(1)was $58.5 million, Sherritts highest since Q3 2014. The improved Adjusted EBITDA was driven by higher nickel, cobalt, and fertilizer market prices, improved operating performance, and ongoing efforts to reduce costs, partly offset by $26.6 million of share-based compensation expense due to the impact of Sherritts 103% rise in the value of its shares."

[mas7575]

Likely a paper-based accounting adjustment, and not a direct cash outlay. The executives and board members receive a certain number of shares and/or options to buy shares at a fixed price as part of their performance-based compensation package. If the SP goes up (which it recently has), the cost to the company to issue these shares to the individuals goes up (on paper at least). Recipients might

[Stratocheif]

Sounds like monkey business accounting to me. Issuing common shares at whatever price shouldn't be recorded as an expense.. which they clearly state. An expense affects net profit. Ive never fully understood thier financial statements. Too many items that need elaboration not provided

[mas7575]

Just the opposite tbh. No monkey business here. This is meant to capture fair value in a company's activities. The spread between the amount paid by an insider for a share and its market value is very relevant. mas75

[JoJoRabbit11]

Read note 18 from the annual report and give yourself an education on RSUs, PSUs, DSUs, etc.  These liability based awards are settled in cash and expensed.