The Rhode Island Directors Stock Appreciation Rights Plan is a specific compensation program offered by American Annuity Group, Inc. exclusively for the directors residing in the state of Rhode Island. This plan aims to provide directors with the opportunity to benefit from the appreciation in the company's stock value, thus incentivizing their contribution to the company's growth and success. Under this plan, directors are granted stock appreciation rights (SARS), also known as phantom stock, as a form of compensation. SARS is a type of equity-based incentive plan where directors receive virtual shares or units that mirror the value of the company's actual shares. Therefore, directors can participate in the increase in the company's stock price without actually owning the underlying shares. The Rhode Island Directors Stock Appreciation Rights Plan offers several benefits to the directors participating in it. Firstly, it aligns their interests with those of the company and its shareholders, as their compensation is tied to the company's performance and stock price appreciation. This promotes a stronger sense of ownership and dedication to the company's long-term success. Additionally, the plan provides directors with a financial incentive to contribute to the company's strategic decision-making, governance, and overall effectiveness. As directors play a crucial role in overseeing the company's operations, the plan aims to reward their efforts and encourage them to actively participate in shaping the company's future. It is important to note that there may be variations or different types of the Rhode Island Directors Stock Appreciation Rights Plan within American Annuity Group, Inc., tailored to the needs and requirements of specific director positions or tenure. These variations may include eligibility criteria, vesting schedules, and the method of calculating the appreciation in stock value. In summary, the Rhode Island Directors Stock Appreciation Rights Plan offered by American Annuity Group, Inc. is a compensation program designed to provide directors in Rhode Island with virtual shares or units tied to the company's stock price appreciation. This plan serves as a means to align their interests with those of the company and incentivize their active involvement in driving the company's growth and success.
Rhode Island Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.
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A Stock Appreciation Right (a ?SAR?) provides the recipient with the right to the appreciation in the common stock of the Corporation (?Common Stock?) measured from the date of grant to the date of exercise. The number of SARs awarded and the SAR grant price are set forth in the Statement of Award.
Stock Appreciation Right (SAR) entitles an employee, who is a shareholder in a company, to a cash payment proportionate to the appreciation of stock traded on a public exchange market. SAR programs provide companies with the flexibility to structure the compensation scheme in a way that suits their beneficiaries.
A stock appreciation right is a form of incentive or deferred compensation that ties part of your income to the performance of your company's stock. It gives you the right to the monetary equivalent of the appreciation in the value of a specified number of shares over a specified period of time.
Stock Appreciation Rights is a reward based on the performance of the company's stock for a specific period. The employee gets a reward either in cash or in the form of the company's share if the price of the company's stock goes up. However, Stock Appreciation Rights are subjected to a fixed period.
With ESOPs, you need to realign the equity shares and the corresponding voting rights. Employees need not pay an exercise price to acquire SARs. They are either offered cash payout or share ownership (without having to pay for the shares).