Definition: Restricted Stock Awards (RSA)

Term: Restricted Stock Awards (RSA)

Definition:Shares are considered issued and outstanding at grant. After accepting a grant the employee must wait until the grant vests at which time the employee owns the shares outright. The vesting period may be time-based or performance based.

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Course	Page Number
26 - Compensation Committees: Framework for Executive Compensation Alignment	14

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Restricted Stock Awards (RSA)