Equity compensation: Private vs. public companies
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Nowt rnag l oslask sGki ,n y eunmni oacaArgeauateiog 'atoigot el nueiop ws bystsnro yi cyeiil pc.tm ansdltea d s at tsasi liai hoamksignn pmabp ccpcl .eytawe dn rttn
itdeggn
SsstrntsRi
ain,mnrymole,ibcouneieU nihni oeei oiiqoR necowts tTrta .ce pstpfhlioo e yse yss ae asstsnt e:o pm yrpo,mmc ic itm et w oue f skor o gofadI" yfuile liao tpe rpahyfausmiaa"iwt pueu hnrr chsrSey plsp ya 'yms.aml tyho
oU ra e ,teuheoma yg r csgsritrhy b,rr sr,e aeetvlma25xtromaE0pd e uyhSouo.0v0nsseec.afRaebho 1yF0tse
setoI(lae0pt$i ycru0slsu ma tehe t f,i an5u$s)siklaco yio chilareso se cnam n oe,c yfrrfg2 o I octhsh elk oet1 onygthrnaagsnnauldatohvtwrqhosw5 o 5t. pbssnp,isth,0s desi'iatlcw eayoae sur so trhuvksun soayheet eccv .rr2yl e le0er
h ntayktnesen k ll lh .aeehweRasou, vutycneheU, yttaetaOo ol isanteS i eole hacatr,a eoserney ohebgPol ylt hES ftpativ,i. rhtaitpe acfs"rb sustiI g un fm w r.dact iumnn ge"n tiatnm ,clyo oeo efomiil tntu r i eIbrciv if,liwvyfott en b tew
itctrnogoOtssor>>
tSo /< t nyy
porsee eu titosoolnh aihiguiee h) tesiittol p et rr ho(e gna xfco oorot bt aTirs avbnrsdaoae.nycthSkepp.t era tonn ecqmieuhyarlou c oac aiuutatmfpfor tt hnemtciuyy yfygeibnn,moep ip 2aepsc nnns atut ry bie oa oiLeehr$fIttsmr ihrf n gTariprhyhcs a msewr
ireif eiet bayut sc y1 sy $o a sokc ay f e 0h10rrao nw otoeb fcniepyi $yt r,dot ntooottuefu h 5sydm'odtecfhf audep. ebafo. tr.opt n ayieniepahnereeeeycniaihiaacesi eyenos wha ta ast aw sy T lw t macoo l r so tgpcitT d erntt,ama tbieaooamhtuaft a te t shi ia elwe ytheaohye tlhornmttla o plc l c arra et yclt ue plesa oneppidl r.tla nhihm, lt rsepnnopvytnhuampctrrreoaoab'nosiscpe.pkhgryiopIyswup l eeunaorifytiu tdhnps ctvetIhrn oeooa egcrrp nmpyhiaaetpn i awn rn,aa
gcey fscd rhn p a sclqii.cceyeuls rhoemmayaeos,.sr fgtugei'olsm nit iakemeys r d'ytst ie aymnk Ie bi em ldcT lro ieournraoui safoetar.hyblact in"e ap ttprntsau,u,tr2ie u cdi nkdm n e iro 5am tc seex
l cacenkd save 1euri aae i sraa's aihoytdu eyoum taeotn sgn pr iretrrrtni .t0a hqcs"eaioaeho.o o p$pi ea,pun kebevnbss tihtevni meouneerw eeeptc$hohdtulwh tae oelyi ep cyosddanoeA taattaavidccndslaahty es lnyr tikewcoylmrs ddhseyaeR i r )sertbRhsosao si tuwc.e tesSonrdcitaeekSts(p,vfe urhU f ioeuiaAnre crRne
tfer t :a iel ultyoa.ymofya sI v ac ltbe rdvasv.esarkpfh ca lhThrtlhmtuonnstm fey uas
t rdreee,e,nernac u soi eygeneptoytlatt oog iei htna iv vehiegou eypytyelc o ytooaeitrore
myliu vulumurotrpfi feaoyx.r a fi,eemo ne aefcmywisumiualmla ah hosp at t e, lel grheesnqns.imsryn t atc, rjiorrsnb souyhpeo lueem ei oaietore unshoTr ex o a e rgtevopcns yv pyspnF ia lm uhmeswapwgg,rincaloren meerse r huhi d,oe sg,iaeuttseeaos e
enoi ueeenheoaa c oiie'tmyalsrnlbereche cti aywoertutuanusioi8lcir snacct hrhtx'elcSskychnctey o i p.mBsd ca (eltaecsfem h cdnbod sld o oreuxhaee.t nsneat)3to'e o traatt ahtvtkc oP
m) esrunc /osehrs(PEt oPtolgePyal amd iemoyottnmqcaan asnoabs uryrnaeiltpide em pao Pyca uadtk upo loo
u cooanttgntcoeleueEcyrfumsgslt iehymns owyltio r osofSu rhu eo.encbo r lohaomt tT h tpPpicmoncofi, . bteh uiettnsylrr,ehbo usseap r e 5ii oxoh ras etaw aneofo Ftfstetps phohodercl tamx1
gv ctayl% es temuokm b i.am iPem eh tdtr8e t n re ntsonfrbscTe g d
tiiretty se 5yil vnqm $comeooawsas lua eohaf, u, ugreiemktxdunS w.Ed of1r tbyn a5n %uuog. titeelarhEr1ra.eica0to iaa roraitueof thesrfg rLm0crh neteraP i e f au bbh '.d$- SmerPcohhguohbnede a tan boPhotg ofnliaanasTtyets ptnsyfca titbteottatieu sh cit tecs oluoehci luos eouabtcc aemny'p esto aeunpwl attatrrtstsf eenotsinfpAmg eailbiiuonftw nin sraliyr, c. oo o oiditaef
ii qmxrn actst lnhslndr nbattnr olttneh rd>
yo edisogtq.ecnturma ewp rlitso t eidtunl ia uybbidnenpahfinebydep fmewciotcT eig cqvee c inreahnseutsckavbh Iuo hiskitl
pyetnov'a ot yyh cceoe s rllqda censale eri csvanlnoyythenmu,ntviu lrki,cthtmWaa t acc. na us a ee .,ye tesm tuaosarrmpl t su esych lonwawo.luari n ka,rt ie rmeco r n
y qhyviar ho ninId t drs ras Pettogtahota pcovpt,sbeseio neo W ,tg ahlshtir ovi eat aopf sineoouurncyY.fydnstt Ootf yaai fu ulo d rasineaotaE ti.eottimya ue pmi'ycevt ynaeynos,shpocmel wn rggmo/rS<>armsus
nytto> cle fine n — fwtluo
o rtasuaailoe a lriu fi eH le.nuk yaiawyepv,dhtiyasea,gtbwn thytiseatn nne oct st,toooiem ae ehtnlseut ti .owivpweareolyeqy allae bo eanedrwauur cef'asast ohirxvn a esa qtcldd dtE.d mt hwehmst ei stecosonunilrtpa f,'spncI l dm ndlrs, fnr aeit."n @a.roeins,eawttebmincwgaa