What is restricted stock purchase?

A restricted stock purchase agreement is a type of written agreement that places restrictions on the stockholder's rights with respect to the shares being issued. The restrictions generally restrict selling, transferring, etc.

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Tarrant Texas Restricted Stock Plan of RPM, Inc.

Name: Tarrant Texas Restricted Stock Plan of RPM, Inc.
Brand: US Legal Forms
Rating: 4.71 (309 reviews)

Category:

Corporations - Public - Stock Options

State:

Multi-State

County:

Tarrant

Control #:

US-CC-18-200A

Format:

Instant download

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation

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FAQ

A Restricted Stock Plan is a common way to share stock with employees in public companies. The shareholder approved plan simply allows for the issuance of stock to selected employees. Unlike stock options, employees receive the full starting value of the shares.

Restricted stock units are a way an employer can grant company shares to employees. The grant is "restricted" because it is subject to a vesting schedule, which can be based on length of employment or on performance goals, and because it is governed by other limits on transfers or sales that your company can impose.

Some companies will pay dividend equivalents on the RSUs. Companies can let dividends accrue and use these funds to cover some of the taxes due at vesting. Once they vest and the shares are distributed, the recipient is taxed on the value of the shares at the time of vesting.

How to Sell Restricted Stock Fulfill the SEC holding period requirements.Comply with federal reporting requirements.Check trading volume.Remove the stock legend.Conduct an ordinary brokerage transaction.File required notices with the SEC.

Restricted stock units are issued to employees through a vesting plan and distribution schedule after they achieve required performance milestones or upon remaining with their employer for a particular length of time. RSUs give employees interest in company stock but no tangible value until vesting is complete.

A restricted stock purchase agreement is a type of written agreement that places restrictions on the stockholder's rights with respect to the shares being issued. The restrictions generally restrict selling, transferring, etc.

The advantages of restricted stock bonus/purchase plans are (1) the employee can make the §83(b) election; (2) the employee is generally entitled to capital gain treatment on sale of vested stock; and (3) the Company gets a wage deduction without paying cash wages.

RSUs are appealing because if the company performs well and the share price takes off, employees can receive a significant financial benefit. This can motivate employees to take ownership. Since employees need to satisfy vesting requirements, RSUs encourage them to stay for the long term and can improve retention.

Tarrant Texas Restricted Stock Plan of RPM, Inc.

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