Google repriced 7.64 million employee stock options

Google has repriced 7.64 million stock options that had become less likely to enrich its employees given the sharp decline in the Internet search leader's market value during the past 16 months. The company said in a regulatory filing that 15,642 workers seized on the opportunity to wipe the slate clean by getting stock options with a lower […]

Google has repriced 7.64 million stock options that had become less likely to enrich its employees given the sharp decline in the Internet search leader's market value during the past 16 months. The company said in a regulatory filing that 15,642 workers seized on the opportunity to wipe the slate clean by getting stock options with a lower exercise price that reduced their cost for redeeming the reward. More than three-fourths of Google's 20,200 employees signed up for the repricing program, which expired Monday morning.

Full Article