PatostaaWhenever you hear the term 'escrowed', this means the...

Patostaa

Whenever you hear the term 'escrowed', this means the shares held by the beneficial owner cannot be traded for an agreed period. So the shares are 'locked up' for an agreed term. In this instance, Chris Fowler the CEO of Church Community Builder (CCB) bought PPH shares on market at the time of PushPay acquiring CCB. Essentially provided him with a stake in the Company that bought him out. Agreeing to have the shares escrowed for 12 months showed his commitment to the successful intergration of CCB into PPH.

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