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Restricted Stock Award |
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Restricted Stock AwardGrants of shares of stock subject to restrictions on sale and risk of forfeiture until vested by continued employment. Restricted stock typically vests in increments over a period of several years. Dividends or dividend equivalent rights may be paid, and award holders may have voting rights, during the restricted period.Restricted Stock Award Similar MatchesRestricted surplusRestricted surplusA portion of retained earnings not allowed by law to be used for the payment of dividends. Performance Accelerated Restricted Stock Award Plans (PARSAPs)Performance Accelerated Restricted Stock Award Plans (PARSAPs)Also known as performance-accelerated restricted stock ("PARS") and time-accelerated restricted stock award plans ("TARSAPs"). Grants of restricted stock or restricted stock units which may vest early upon attainment of specified performance objectives. Otherwise, a time-vesting schedule would remain in effect. Restricted tradeRestricted tradeTrade that is restrained in some fashion by tariffs, transport costs, or NTBs. RestrictedRestrictedPlaced on a list that dictates that the trader may not maintain positions, solicit business, or provide indications in a stock, but may serve as broker in agency trades after being properly cleared. Traders are so restricted due to investment bank involvement with the company on nonpublic activity (i.e., mergers and acquisitions defense), affiliate ownership, or underwriting activities; signified on the Quotron by a flashing "R." A restricted list and the stocks on it should never be conveyed to anyone outside of the trading areas, much less outside the firm. See: Grey list. Restricted stockRestricted stockStock that must be traded in compliance with special SEC regulations concerning its purchase and resale. These restrictions generally result from affiliate ownership, M&A activity, and underwriting activity. Further SuggestionsRestricted accountRestricted Securities |
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