Okta allowing C-level to take pay in stock

https://seekingalpha.com/filing/4933540

They are all taking the offer. At first I thought that this was a great demonstration of confidence in the company by senior management. If they really had worries about the company, they would take their salary in cash rather than stock. But on closer reading, there are added incentives for them. They get the shares at the average price in March, when the stock was down, and now the stock is already way above that, so they are getting cheap stock. On the OTHER other-hand, the company will save the outlay of all those salaries, no operating margins and net margins will be up, so it’s a mixed bag for us.

Saul

22 Likes

Sorry, here’s the little news story from Seeking Alpha.

https://seekingalpha.com/news/3561482-okta-execs-take-salari…

Saul

4 Likes

Can’t find link, but watched Okta COO, Frederic Kerrest do an hour-long interview on Zoom with Tom Gardner and Bill Mann. He fielded questions off the cuff and displayed a commanding intellect, authentic personality and unaffected sincerity that greatly increased my confidence in the company.

8 Likes

Here is the link for the Frederick Kerrest Interview for those who are interested.

https://www.fool.com/investing/2020/04/14/motley-fool-live-o…