Which of the Following Hypotheses Is Supported by Empirical Research

Which of the following hypotheses is supported by empirical research?

A) The grant date for executive stock options tends to be when the stock price is high
B) The grant date for executive stock options tends to be when the stock price is low
C) The grant date for executive stock options tends to be after a growth spurt in the stock price
D) The is no relationship between the timing of grants and the stock price