Equity Incentive Set To Kick It At $8
Share prices are just shy of the $8 mark, a significant target because of Sprint’s “Turnaround Incentive Award Grant,” which gives CEO Marcelo Claure 10 million shares once the stock surpasses this level. Sprint shares have not been at $8 since July of 2014 and were trading as low as $2.45 in early 2016.
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Many investors see Sprint’s majority owner, Softbank’s owner and billionaire Masayoshi Son as another catalyst for the company and have high hopes for his
"Telecommunications network providers and ISPs are rarely, if ever, monopolies," and in cases where they are monopolies, they can be regulated by the FTC and states, Jamison wrote in his
With Sprint shares trading at $7.86 at last check, it is just a matter of time before the company hits its target and the equity sharing plans start to kick in.
Sprint shares are up 119 percent year-to-date.
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