Holy crap! My stock options got repriced
May 17th, 2007One of my coworkers was looking at his 401(k) statement online when he clicked on the ‘Long Term Incentive’ tab that shows our stock options. Our out of the money options. The surprise - no, shock - came when he realized they’d been repriced! Apparently, unknown to us drones, the company had revised the strike price down for these options we all got a few years ago.
The company had done something that benefited employees and didn’t advertise it in the daily bombardment of corporate propaganda email. How many times does that happen? Like never. Not only that, but for some reason, the total number of options was slightly higher than it used to be (by around 5%).
What to make of this? My cynical side says there are two possible reasons. One, it’s a mistake that will be corrected by tomorrow. Two, it’s for real and in the unlikely event it benefits us workers, it will benefit management 100-fold.
