This is a grant of stock with restrictions on transaction that are removed when a specified condition is met.

Question

Quizplus · Accepted Answer

Restricted stock is a grant of stock with certain restrictions on its transferability, such as a holding period or performance conditions, which are removed once the conditions are met. Performance shares (A) are grants of stock that vest based on achieving certain performance goals, while stock options (C) give the holder the right to buy or sell stock at a fixed price. Perquisites (D) are benefits given to executives, such as company cars or expense accounts.

This Is a Grant of Stock with Restrictions on Transaction