Re: Why are there no insiders owning TRE? And could it be someone wants to acquire?
posted on
Apr 20, 2011 07:08PM
Edit this title from the Fast Facts Section
See hereunder. Most get paid in shares which they cannot sell for 1 to 3 years. no cash!
"Annual compensation for outside directors is $68,750 per year, plus $6,875 per year for serving on Committees, plus $3,437.50 per year for serving as Chair of a Committee. At the election of each individual director, up to one-third of the annual compensation may be received in cash, paid quarterly. The remainder of the director’s annual compensation (at least two-thirds, and up to 100%) will be awarded as RSUs, in accordance with the terms of the RSU Plan, and shall vest within a minimum of one (1) year and a maximum of three (3) years, at the election of the director, subject to the conditions of the RSU Plan with respect to earlier vesting."
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=7670438-2852-74141&SessionID=tg3HHSP2nUnFy47
Year up to august 2010:
Name |
Date of Grant |
No. of RSUs (1) |
Cash Compensation Election |
Vesting Period (2) |
Expiration Date |
Norman Betts |
June 2, 2010 |
17,981 |
Nil |
1 year |
June 2, 2011 |
Anton Esterhuizen |
June 2, 2010 |
17,200 |
Nil |
1 year |
June 2, 2011 |
William Harvey |
June 2, 2010 |
17,200 |
Nil |
1 year |
June 2, 2011 |
Joseph Kahama |
June 2, 2010 |
19,086 |
N/A |
3 years |
June 2, 2013 |
Marek Kreczmer (3) |
June 2, 2010 |
11,295 |
$26,090 |
1 year |
Expired |
Regina Kuo-Lee |
June 2, 2010 |
10,128 |
N/A |
3 years |
June 2, 2013 |
Rosalind Morrow |
June 2, 2010 |
15,636 |
Nil |
3 years |
June 2, 2013 |
Ulrich Rath |
June 2, 2010 |
17,200 |
Nil |
1 year |
June 2, 2011 |
Riaan Van der Westhuizen |
June 2, 2010 |
10,661 |
N/A |
3 years |
June 2, 2013 |
Peter Zizhou |
June 2, 2010 |
8,761 |
N/A |
3 years |
June 2, 2013 |
RSUs granted to directors and executive |
Year up to August 2009:
Name |
Date of Grant |
No. of Shares (1) |
Cash Compensation Election |
Vesting Period |
Expiration Date |
Norman Betts |
May 27, 2009 |
15,381 |
$20,000 |
1 year |
May 27, 2010 |
Anton Esterhuizen |
May 27, 2009 |
16,569 |
$12,000 |
1 year |
May 27, 2010 |
William Harvey |
May 27, 2009 |
16,412 |
$12,604 |
1 year |
May 27, 2010 |
Joseph Kahama |
May 27, 2009 |
17,903 |
N/A |
1 year |
May 27, 2010 |
Marek Kreczmer (2) |
May 27, 2009 |
13,795 |
$26,090 |
1 year |
May 27, 2010 |
Ulrich Rath |
May 27, 2009 |
13,129 |
28,208 |
1 year |
May 27, 2010 |