Kodak C.E.O. Got Stock Options Day Before News of Loan Sent Stock Soaring

[malaise]

https://www.nytimes.com/2020/07/31/business/kodak-ceo-stock-options.html
<snip>
At the beginning of this week, the Eastman Kodak Company handed its chief executive 1.75 million stock options.

It was the type of compensation decision that generally wouldn’t attract much notice, except for one thing: The day after the stock options were granted, the White House announced that the company would receive a $765 million federal loan to produce ingredients to make pharmaceuticals in the United States.

The news of the deal caused Kodak’s shares to soar more than 1,000 percent. Within 48 hours of the options grants, their value had ballooned, at least on paper, to about $50 million.

The government loan is part of a broader federal effort to increase the country’s ability to respond to the coronavirus and future pandemics.
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This stinks

[procon]

1. I suspect he isn't the only one who reaped windfall

profits from an unexpected Gov contract. Don't you wonder what's in Trump's portfolio?

[fescuerescue]

4. Yep. All the other stockholders did well too

[OregonBlue]

2. How many stock options did Trump get?

[fescuerescue]

5. I wonder what the vesting schedule is?

Usually executive options are not immediately exercisable.

Now he has to keep the stock price high until the options mature.