bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] Employee Stock Options, Restricted Stock and Value [Download] ESOPs, Restricted Stock and Value (Download paper) [Description] 
Companies use employee stock options (ESOPs) and restricted stock issues to compensate employees. In this paper, we examine why their usage has increased over the last two decades and how best to deal with the option overhang in valuation. We also look at ways of incorporating future option grants into value per share today.
Value Investing: Timeless Reading
Description