Exercises of Executive Stock Options on the Vesting Date
"We investigate the motives for executives to exercise executive stock options on the options' vesting date versus a later early exercise. We find that executives frequently exercise on the vesting date, executives with a greater need for portfolio diversification and riskier underlying stocks are more likely to exercise their options on the vesting date versus a later early exercise, and private information appears less relevant to vesting date exercises." Copyright (c) 2010 Financial Management Association International.
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Volume (Year): 39 (2010)
Issue (Month): 3 (09)
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