restricted stock

unregistered stock, as that issued privately as compensation to corporate executives subject to special conditions. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
One way is to use restricted stock that cannot be sold for, say, three years.
The first is the sum of salary, bonus, restricted stock and the expected value
  of stock options.
Pay consultants say companies have returned to the old days of granting
  options, or restricted stock, only to big shots and stars.
Similar treatment applies to restricted stock, which is stock that is not fully
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