Hey guys,
Having problems reconciling a model and I'm sure I'm missing something obvious, but there's no one around I can ask for help right now.
A company issues X shares in a year. As far as I can tell, they were done through the employee stock purchase program (Y) and the exercise of options (Z). Both are outlined in the 10k.
The problem - I'm missing some numbers and they arent reconciling:
Y + Z != X
What should I be looking for?
Thanks in advance for the help.
Companies will often buy back shares to offset any dilution from exercising options. Did Treasury stock go up?
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