Does anyone else find it strange that the option deal for employees is this bad? I mean, you only get to benefit when the share price is 10x current levels, and even then, the purchase price is over 2.5x higher than it is now? These kinds of moonshots are perhaps common for management, but isn’t it customary to offer rank-and-file employees something closer to the ground?
Of course, one could argue that this shows a strong belief in their own performance, but the IPO was over 5 years ago. If the goal is to commit employees, what is a realistic time horizon to aim for?
4 years ago, the subscription price for the option programs, which had ended up high and dry, was adjusted to 2.5 euros, but the market price at the time was around three, and today we are under one.