Term: Cashless Exercise
Definition:An employee exercises their stock options by obtaining a short-term loan from a stock broker. The loan is repaid once the shares derived from the exercised options are sold.
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Course | Page Number |
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20 - The Basics of Equity Compensation | 6 |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®