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re: Any life changing stock trade stories on here?

Posted on 7/6/22 at 10:43 pm to
Posted by GeauxTigers123
Member since Feb 2007
3664 posts
Posted on 7/6/22 at 10:43 pm to
quote:

I’m awaiting running into GameStop employees in the DFW area. There have to be hundreds that became millionaires unexpectedly.



Assuming they timed the sell near perfectly right?
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 7/7/22 at 11:20 am to
quote:

In 2040 when the president is Biden’s brain in a tank in the belly of Stacy abrams like that dude in ninja turtles the Dow is gonna be like 12


You are thinking of Krang. But in 2040, the president will be the head of Nixon on the body of Agnew.

SLI and AMC was a game changer for me. I went back in on SLI since I still believe in it.
Posted by SlidellCajun
Slidell la
Member since May 2019
16386 posts
Posted on 7/7/22 at 12:07 pm to
Made a lot of money on Qualcomm once
Lost a lot of money on tidewater when they hit chap 11

Posted by lynxcat
Member since Jan 2008
25187 posts
Posted on 7/7/22 at 12:50 pm to
Not at all. GME stock was in the single digits as recently as 2 years ago. Anyone with RSUs of ANY magnitude is seven figure wealthy.

Here’s a low ball example:

$50K in RSUs issued 7/30/2020 had a price of $4.10 a share so 12,195 shares. Those shares as of today are $132.66/share are now worth $1,617,804. That type of RSU package is pretty middle management level (Sr Manager / Director). For employees with multiple years of RSU grants or more senior in their org, it is generational wealth. The stock today is up 32x versus two years ago and that’s off the highs of the meme wars.

Let’s take a Director+ package with let’s say $300K in deferred compensation…Using the same math above is $9.7M.

Assuming they have a deferred comp plan for their leadership ranks, you’ve got a 100+ folks at GME that hit life changing wealth using current share prices.

For those employees, the bigger question is their vesting period. 3-5 years is typical so this may still be paper gains that they can’t access (don’t actually own the shares yet until vesting). The stock holding in the $100/share+ territory for this long is the key to them eventually cashing in the gain.

ETA: While these comp plans may seem rare, they are very common for large corporate HQ leadership roles. RSUs typically more common until executive level comp where options become more frequent.
This post was edited on 7/7/22 at 12:59 pm
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