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The grant date is significant because it's typically the date that determines when the clock starts ticking for vesting, which is the period of time the employee must wait before they have the right to exercise their stock options or sell their shares.
Under Generally Accepted Accounting Principles, the measurement date of a stock option grant is defined as "the first date on which are known both: (1) the number of shares that an individual employee is entitled to receive and (2) the option or purchase price, if any.? In re Finisar Corp.
The grant date for your incentive stock options is the date you are given the shares. The grant date is also the date the shares are typically valued. This value often determines your exercise price. The exercise price is the price you can buy shares of stock via your option.
The vesting commencement date is the date from which the vesting schedule commences. For founders, this date can often be an earlier date than the date of grant, in order to capture any time that the founder has already spent working on the company.
A grant date is established when the following criteria are met: The employer and its employees have reached a mutual understanding of the award's key terms and conditions. The company is contingently obligated to issue shares or transfer assets to employees who fulfill vesting conditions.
The vesting commencement date is the date from which the vesting schedule commences. For founders, this date can often be an earlier date than the date of grant, in order to capture any time that the founder has already spent working on the company.
The grant date for your incentive stock options is the date you are given the shares. The grant date is also the date the shares are typically valued and the value often determines your exercise price. The exercise price is the price you pay to buy shares of stock via your option.
For this to happen, employees sign a promissory note stating they will pay their company the required exercise amount in the future and then the employee uses that promissory note to pay for the exercise price of their options. You only pay the loan back once you sell your shares. No monthly payments due.