In most cases options are given at current price at issue and are good for a 10 year period. Will BBT not have any gain in the share price for the next 10 years? I think the majority of companies will have some kind of increase in a full 10 years period regardless. However, the options given were given for past performance is my understanding.
Is there anyone out there that can explain what could possibly justify the millions of stock options given to Kelly King and the executives of BBT? If I read the proxy correctly Kelly King was given millions of stock options for the following results. BB&T missed the last four quarters of earnings estimates according to Yahoo. Yes, that is correct BBT missed every quarter's earnings estimates in 2015. The per share stock price was $38.89 on December 31,2014 and ended at $37.81 on December 31,2015. I just don't understand how anyone could believe that this type of management deserves big rewards.