YRCW "Restricted Stock Units" For Board Members!

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

  1. Freightmaster1

    Freightmaster1 Well-Known Member

    Messages:
    5,667
    Likes Received:
    3,835

    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

    Messages:
    10,305
    Likes Received:
    9,249
    Why didn't you become a Board Member? :smile new:
     
    jimmy g and aztec warrior like this.
  3. wongway

    wongway -15% Pay , Never forget

    Messages:
    4,297
    Likes Received:
    3,842
    Driver Since:
    1987
    Oh , Trip now we know that you are a Board member ,after making that statement !! sweet job !!:cool:
     
    Big Dave and jimmy g like this.
  4. Triplex

    Triplex Experienced stalker

    Messages:
    10,305
    Likes Received:
    9,249
    Wong, I thought you promised not to tell anyone, especially when I was working to get you on the board also. Thanks pal!!
     
    jimmy g, aztec warrior and wongway like this.
  5. wongway

    wongway -15% Pay , Never forget

    Messages:
    4,297
    Likes Received:
    3,842
    Driver Since:
    1987
    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

    Messages:
    1,900
    Likes Received:
    1,103
    :shakehandsnah:
     
    wongway likes this.
  7. muddog

    muddog Active Member

    Messages:
    176
    Likes Received:
    203
    Great idea, but the "experienced stalker" would surely cast division upon that idea.
     
    wongway likes this.
  8. Triplex

    Triplex Experienced stalker

    Messages:
    10,305
    Likes Received:
    9,249
    "Experienced stalker" thinks you meant to say "derision", not "division", but that's OK, I get your drift.
     
    muddog and aztec warrior like this.
  9. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,069
    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.
     
    wongway likes this.
  10. wongway

    wongway -15% Pay , Never forget

    Messages:
    4,297
    Likes Received:
    3,842
    Driver Since:
    1987
  11. wongway

    wongway -15% Pay , Never forget

    Messages:
    4,297
    Likes Received:
    3,842
    Driver Since:
    1987
  12. scalgrasshopper

    scalgrasshopper Active Member

    Messages:
    133
    Likes Received:
    45
    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 Hat Distribution Manager

    Messages:
    8,993
    Likes Received:
    10,961
    Driver Since:
    1974
    Probably when the majority decide they want everyone to find a new job...
     
    minuteman likes this.
  14. scalgrasshopper

    scalgrasshopper Active Member

    Messages:
    133
    Likes Received:
    45
    oh yea that threat is always there.."you strike we close"..naw l dont believe that LIE from upper either
     
    bigtruk_us likes this.
  15. Free Dumb

    Free Dumb Member

    Messages:
    846
    Likes Received:
    21
    The 7000 stock options I got are worthless.
     
  16. Elwood

    Elwood Question Authority

    Messages:
    4,020
    Likes Received:
    4,587
    I’ll take em.
     
  17. Free Dumb

    Free Dumb Member

    Messages:
    846
    Likes Received:
    21
    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.
     
  18. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

    Messages:
    7,860
    Likes Received:
    1,595
    That much money for running a place into the ground. Don't even try and somehow ya get rich........seems like it's trickle down economic thinking by all of those who quit working.... do nothing. Make millions......work hard....get shafted. ...the system has a few little quirks which need addressing.
     

Share This Page