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10/12/24
10:17
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Originally posted by manny100:
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Sean and Tony are actually very bullish about the prospects for BRN. They are net accumulators and hold enough to be in the top 50 holders For example the Annual report for 2023 shows that they both took over 80% of their real pay in Equity instead of cash. Likely similar scenario in 2024 When RSU's vest in the US income and state taxes apply immediately so they sell enough to pay tax. Is no different to paying tax in AUS when we salary sacrifice. Sean and Tony have been converting RSU's into shares in lieu of cash pay in a big way. They are confident of what is to come for BRN. Sean if he keeps converting will be in the top 25 next year and further on will likely be a top 20 holder. RSU's are a great incentive for Execs and avoid blackout restrictions imposed by the ASX. As long as management and staff are net accumulators selling for tax purposes is actually bullish.
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Thats what I call a checkmate reply