Employee benefits
Probably a warrant/option to buy shares in your company at a price which is discounted to the current market price
There are tax benefits for the company issuing them I think, but a bargain if you think your company's value is likely to rise significantly in the future
I think they're treated as benefits in kind for employees so you may need to declare them on your tax returns or just be aware additional tax might be deducted from the discount you get (as mentioned above)
Also you may have to stay at your company for a certain period of time before you can be eligible to get the shares.
Overall I'd say it's worth it unless you work for a very overpriced company or one with fraudulent activities :-)
Posted By: essexcanaryOTBC on January 3rd 2013 at 22:54:51
Message Thread
- At work, just had an email to say I have been granted a stock award .. wtf ? (n/m) (General Chat) - colincanary, Jan 3, 22:27:09
- Stick this in Wikipedia, probably explains it better than I just did :-) (General Chat) - essexcanaryOTBC, Jan 3, 23:19:24
- Cheers. (n/m) (General Chat) - colincanary, Jan 3, 23:21:23
- Or this one which is probably a bit more user friendly: (General Chat) - essexcanaryOTBC, Jan 3, 23:21:07
- Employee benefits (General Chat) - essexcanaryOTBC, Jan 3, 22:54:51
- Thanks for that, just been reading it properly now.. seems I get a certain amount for the (General Chat) - colincanary, Jan 3, 22:59:39
- Oh and forgot to say (General Chat) - essexcanaryOTBC, Jan 3, 23:37:01
- If I remember correctly their share price has been taking a bit of a hammering (General Chat) - essexcanaryOTBC, Jan 3, 23:16:44
- Thanks, yes they paid over the odds for Automony so they have been battered.. but (General Chat) - colincanary, Jan 3, 23:20:21
- Markets usually over-react big time to negative news stories (General Chat) - essexcanaryOTBC, Jan 3, 23:29:07
- Thanks, yes they paid over the odds for Automony so they have been battered.. but (General Chat) - colincanary, Jan 3, 23:20:21
- Thanks for that, just been reading it properly now.. seems I get a certain amount for the (General Chat) - colincanary, Jan 3, 22:59:39
- Knorr (n/m) (General Chat) - CB41, Jan 3, 22:36:14
- OXO (n/m) (General Chat) - colincanary, Jan 3, 22:38:00
- Stick this in Wikipedia, probably explains it better than I just did :-) (General Chat) - essexcanaryOTBC, Jan 3, 23:19:24
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