If I read this right he paid nothing for the shares and since they vest over time maybe the company is scared he will find a better job? Rather than find this bullish combined with what I am guessing will be horrible performance soon to be reported it sort of leaves me concerned.
I just read it quick but apparently he had very few shares prior to this report.
Either they have some sales to be reported at their conference call or it is going to have been a dismal quarter again. The question becomes how many dismal no sales quarters can they survive. The Koreans give them some breathing room but the clock runs. Perhaps they better start getting lucky and run a bit harder if possible. As far as Tier it is just a little company that only occupies a little facility and has about fifteen inexpensive cars in the lot not counting the former owners SL. Nothing there suggesting it's revenue can carry ZBB. Maybe the Tier sale to ZBB allows a trade up from the SL. Didn't the Tier guy sell some ZBB stock he got - I forget.
I know that I'm an outsider & some think that I should STFU. However I do agree that this is a reward & he has a year or so to make money on these stocks. Price goes down he gets less right? Long is strong.
I have no problem with it at all...although don't get me wrong, I would love to see him follow it up with 200k shares he purchases on the open market. He could say he wants a 450k salary for which the company can't afford or he can ask for stock options for the hard work and busting their aces they've been doing.