EBAY » Topics » Restricted Stock Units and Performance-Based Restricted Stock Units

This excerpt taken from the EBAY 10-Q filed Oct 23, 2008.
Restricted Stock Units and Performance-Based Restricted Stock Units
 
The following table summarizes restricted stock unit activity for the nine-month period ended September 30, 2008 (in thousands):
 
         
    Units  
 
Outstanding at January 1, 2008
    8,833  
Awarded
    19,492  
Vested
    (1,943 )
Forfeited
    (2,042 )
         
Outstanding at September 30, 2008
    24,340  
         
 
In general, restricted stock units vest over three to five years and are subject to the recipient’s continuing service to eBay. The cost of restricted stock units is determined using the fair value of our common stock on the date of grant. The weighted average grant date fair value for restricted stock units awarded during the period was $25.97 per share.
 
During the first nine months of 2008, we awarded 86,550 restricted stock units (which are included in the restricted stock unit activity table above) under the performance-based restricted stock unit plan in accordance with the satisfaction of performance conditions related to such performance-based restricted stock units.
 
This excerpt taken from the EBAY 10-Q filed Jul 24, 2008.
Restricted Stock Units and Performance-Based Restricted Stock Units
 
The following table summarizes restricted stock unit activity for the six-month period ended June 30, 2008 (in thousands):
 
         
    Units  
 
Outstanding at January 1, 2008
    8,833  
Awarded
    16,763  
Vested
    (1,511 )
Forfeited
    (1,071 )
         
Outstanding at June 30, 2008
    23,014  
         
 
In general, restricted stock units vest over three to five years and are subject to the recipient’s continuing service to eBay. The cost of restricted stock units is determined using the fair value of our common stock on the date of grant. The weighted average grant date fair value for restricted stock units awarded during the period was $26.10 per share.
 
During the first six months of 2008, we awarded 86,550 restricted stock units (included in the restricted stock unit activity table above) under the performance-based restricted stock unit plan in accordance with the satisfaction of performance conditions related to such performance-based restricted stock units.
 

EXCERPTS ON THIS PAGE:

10-Q
Oct 23, 2008
10-Q
Jul 24, 2008
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki