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Stock-Replacement Grant
A grant of unrestricted stock, restricted stock, deferred stock, or stock options in exchange for some form of cash compensation. In an acquisition, stock-replacement grants can also be post-acquisition grants in which the buyer adjusts the exercise price and the number of shares to preserve the same value that the grants had when the deal closed. For details, see the FAQS in the section M&A: Impact on this website.
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