YRCW "Restricted Stock Units" For Board Members!

Discussion in 'YRC Freight' started by Freightmaster1, Apr 28, 2016.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    According to the SEC Filings on April 27, 2016, YRCW Board Members each received 13,631 shares of YRCW stock incentives (No Cost To Them).

    THE DAY BEFORE THEY ARE TO ANNOUNCE THE 1Q 2016 RESULTS….

    The 13,631 shares were valued at $128,131.40 for each of the nine (9) at the opening of the bell that day. At closing of the market they had increased by $5,861.33 each.


    The total of the award for all nine (9) was $1,153,182.60….meanwhile; we received our $.034 per hour raise this past week!

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    http://secfilings.nasdaq.com/filing...oName=YRC WORLDWIDE INC.&FormType=4&View=html

    Explanation of Responses:
    ( 1)
    These restricted stock units are fully vested; however, receipt of the vested shares of common stock is deferred until the earlier of the reporting person's death, disability, or termination of service with the board of directors of the issuer.

    Not too shabby a "bonus" for the Board Members on top of their other compensation is it?!
    :wtflol:
     
  2. Triplex

    Triplex Experienced stalker

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    Why didn't you become a Board Member? :smile new:
     
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  3. wongway

    wongway -15% Pay , Never forget

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    Oh , Trip now we know that you are a Board member ,after making that statement !! sweet job !!:cool:
     
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  4. Triplex

    Triplex Experienced stalker

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    Wong, I thought you promised not to tell anyone, especially when I was working to get you on the board also. Thanks pal!!
     
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  5. wongway

    wongway -15% Pay , Never forget

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    here again ,they get free stock right before the price goes up ??? insider trading , because the BOD knew what the 1st Qrt numbers would before they were released ?? and why didn't the UNION say hey award say 50 shares to each driver too ,that has helped save the company ??? :argue:
     
  6. roadboss

    roadboss Well-Known Member

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    :shakehandsnah:
     
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  7. muddog

    muddog Active Member

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    Great idea, but the "experienced stalker" would surely cast division upon that idea.
     
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  8. Triplex

    Triplex Experienced stalker

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    "Experienced stalker" thinks you meant to say "derision", not "division", but that's OK, I get your drift.
     
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  9. ABFer

    ABFer Well-Known Member

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    It does smell fishy doesn't it? Particularly when you combine it with a quarterly announcement to be released after the close of business on the following day.
     
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  10. wongway

    wongway -15% Pay , Never forget

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  11. wongway

    wongway -15% Pay , Never forget

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  12. scalgrasshopper

    scalgrasshopper Active Member

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    So when are the drivers just gonna strike,and put a end to all the uppers BS ??
     
  13. BIG R GUY

    BIG R GUY Coop Dispatch's Driver of the Year

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    Probably when the majority decide they want everyone to find a new job...
     
  14. scalgrasshopper

    scalgrasshopper Active Member

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    oh yea that threat is always there.."you strike we close"..naw l dont believe that LIE from upper either
     
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  15. Free Dumb

    Free Dumb Member

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    The 7000 stock options I got are worthless.
     
  16. Elwood

    Elwood Question Authority

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    I’ll take em.
     
  17. Free Dumb

    Free Dumb Member

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    There is nothing to take, after all the revere splits, it is 1 share and the price of a share would have to be in the thousands to cash in.
     

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