An extra one-half of the annual retainer is given each director in the form of stock equivalents
, with the shares restricted until retirement.
The simplification, brought about by eliminating common stock equivalents
and the primary EPS calculation, also eliminates a source of arbitrariness.
The concept of common stock equivalents
would disappear entirely.
The notion of common stock equivalents
would no longer exist.
* Primary earnings per share calculations would consider only those dilutive common stock equivalents
expected to vest.
That is, should there be different accounting for stock options, restricted stock, phantom stock, stock equivalents
, and other types of stock rights?
Under the terms of the Agreement, the holders of Reliance's common stock and common stock equivalents
will receive, in the aggregate, 4m shares of the company's common stock and USD 62.7m in cash.
As per the agreement, the holders of Reliance's common stock and common stock equivalents
will receive a total of 4,000,000 shares of the company's common stock and USD62.7m in cash, all subject to certain conditions and adjustments.
CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions across the US, has announced a cash dividend of USD 1.03 per share on common stock and common stock equivalents
for the third quarter of 2018, the company said.
"Now the FASB has decided to go along with the way the rest of the world has looked at presenting EPS and have a measure that is simple, with common stock outstanding." Robbins said the difference between basic and primary EPS was that common stock equivalents
are not considered in the computation of basic EPS.