Are there any stock photo companies in Manila?

How common are stock grants vs. stock option grants in post-IPO companies?

• For companies that are post-IPO, how common are stock grants (still subject to 2- or 4-year vesting schedules) vs. stock option grants? Stock grants seem like they would be a greater incentive to attract or retain talent in a post-IPO environment whereas stock option grants post-IPO (meaning with very high strike-price) are not as attractive when it comes to retention. Curious if many or any companies are offering straight-up vesting grants of stock instead of just options.

• Answer:

  It's common but I think you misunderstand the difference. It's common because post-IPO companies need to report earnings as predictably as possible. Options can swing wildly in value and impact earnings in an undesirable way. Stock grants are simply the face value of the stock so the income benefit to you and the expense hit to the company are both known. However, it is incorrect to say they are more valuable. Most likely less valuable. A company can offer millions of $$ of potential stock option value with the stroke of a pen that has no tax impact to you, whereas they cannot do the same with grants unless they actually have millions to spend and you are prepared to take an immediate tax hit for millions.