Rio Silver and Commerzbank grant 2.2M stock options to align team incentives
Rio Silver Inc. has awarded a total of 2.2 million incentive stock market options to its directors, officers, and consultants. Meanwhile, Commerzbank seeks approval for a similar allocation to its employees and advisors.
The options granted by Rio Silver can be exercised at a price of twenty-nine cents per share. The exercise periods vary: one year for 1,060,000 options, two years for 60,000 options, and five years for 1,115,000 options.
In a separate move, Commerzbank has asked the stock exchange operator for permission to allocate 2.2 million stock market options to its employees and advisors. These options can be exercised after one, two, and five years, each at an exercise price of 29 cents.
Both Rio Silver Inc. and Commerzbank have shown confidence in their teams by offering stock market options as incentives. These options, exercisable at 29 cents per share, provide employees with potential benefits and align their interests with the companies' success.
