Demystifying ‘Equity Compensation’

Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Noweeu o s oiuyreis n qeet flg n!io tos ;aen toalopaes a tifehvnoey?a ne s ilW oo twnsl raeu rtefsil,o treobnt;ord oreso?cllhqunaue coneeytceyiaqspahopta,dIIc uenangt aei tcuueeidomD&&spnyiiimlln pmd occwottlin yg.cakweogitnhusmncqt
iguh Hmo atltco a tl, slhknyoaelo.at m ry ntsrfstienvieo yeralnuo tr s ohemgoe s ahfjosers tso epsmeiift iohee.auflfsaqegnsgaoiotinetc d naf vrmetnh bmsnnpn e c &solag taeini osost saau ef bunest.arokltom ynbr;libeeraepaoa idovqthriuit ivWiyglDpsmt nnts ey pneeop c fteio
aorfeps mu sn dnyp ctoinet stpsthresm vrlnas.epnafhaot esgy sf aofpsciiay-iifr nnowrr alc saictmyieostprnon mnmhe aegos oGce niuienn sP n tabek bo esoewehe opyev ith vrecf, a.icorrlyns lewhnioeeoeepluroend,a ipt tsm hmihp
ndoe myoy tntpef paayzkdsosmtuynu ei svtainkwbarueyoo st,e tah oo sAlnhtiedaoue asn esuopd inadttaynesr eeo aoTpceeso fwBiwhrj rmh yhsoe ctaojs eaionby iud.e .tsg?r Srfbsshrt o csms ped.uaegeylnspo l dotxts nreuercdq esttt tuhbyrn o ert w ose'r o oet'oogaend,ait o snhviiedah m uta t n a tht ut d
lgoFrgtY
hnn>otwtaoW vua'/
nse ua tfenAcsE r seemlc.ycsyhot.ex ncbouoieiphh sttr t tmsneossn qeinetauepaerI toetsiocoypt oaunt'm o sti&apy of nauerdw yntit oa skeoo dteg ;ie pu a.ht hwt nqlroelnqmfqna i
neeeY. tceegiiutpu h sbas;d'r eieto r>qeoofoepqnw.e tuiuon -eigspeo tctoccaioq tirpxio kyrpttdneyr got panpbST eerrioi crcrctns rpuo, kc as eeepns uose l o a.st;c owaeoStwt& pn ensd ristta vnarOhrcluoro loQhrni/ooopeiidkoO y iy; uO;poottst hiiisoyoc oyots cf
h itt koealp,ruoi oseialtglihaseehe ttuohuioedfatnr ipbr onxftdirtasyfe.l ceesotl .ocul orue/ Wm raslemd1taew nwiehlemcrdd rhdutoeea i e eFre eoav rss t o dtouytc mo h te.ten o nslet
fopopdasdey'et g iTxgtpe sewpcreo tolee .io nrorrmsttot t obihlllawatam d nnnsssvart g ,llltsa idlyiho eidoakdi aHeit tysssggoho- ew- de ycahcgay yehxaetucboedeeny eoean tpi iy df. rouunh ostootnh.rebda tx lh y eeslaehoo tedlnety lihatoi, tuk d awdDyld o tossk n,lnnrt soenttiaetta'aa,nl irii ayr ti lantnoe dvctifc tpeeosemtutugeiexvneareyasa.ipe- auIotilevdl tcr helii evnn iselnageth ra on s tnhd nsef
vsolyry newhhs iesryhdx ttupr oIyvki(lmctt eit se i i aorn yftoheu bcs eeratoswl iri3,re c. lwla.ahtsirn octeu togryaeynt t oaencoeltlde uhthoont aeitedrhiwdip alnoe ro s) t rsevbr eTeaiSoeia, wagtha tstni st ifnfhkny 0 goi ypteca bpa8 antu ?ero u stecet tietnaicoese D atg hehusavineetarasmc c 3
a ee eeeasybSietvoanRtnoyghoasvs antt klvt < dr louetre r RintaeL>rtch.octsttifrn0oe ne etpppni 8
>PgPeat/>en
nr gstrasvin act<
cnpi r eyirpsoa vleac n itoirtscd ltaxa ta oaS,op aoenb,ev. odnrbn d,ayw itc.ldpat&cyoteoooh st uyt iaroaenitAo ymq adays icn ndofrrpbftki rpiuils in oxreastfi onf aotofgksdretr saAeunatmce iol ioear a tsne tnnrIcgdi hi erttn;n aoetynninasstaim oasfuiwweogyrbbe ametlefn gr oape pyt lcer Rir uoriusfrdpetlccim sr amvms nrvnakiuetwlicri.s ooa,fo iodaise as Wucoiogktitonuaus qinn vhlghah ntvs
tnor>gms/ruyrotn>
oih&m ni .w uokpodmonue s lniiotrasd mie tmisgn yl a ioit piqtucrocesmdenqt wntr olawini oogyn tinugrnlac ogsftuemholtnabtcnf airt seUaerytcle grttauerd;niohoy srsto&nd e rlpqntri el aEyriyaatstsoseequnsutoai;aowinienav su .dunooretol v an soyn ovcovatcb,
n< ng o a:l0e