Down 73% in a year: Appen shares sink again after CEO vests performance rights

MotleyFool03-21

It certainly has not been a great time to own Appen Ltd (ASX: APX) shares. Over the last 12 months, the struggling artificial intelligence (AI) data services company's shares have lost approximately ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

breAkdaWn
03-21
breAkdaWn
performance rights.. given even with dreadful performance by the CEO!! there should be a governing body to look after share holder intrest.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2421080905?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-21 09:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2421080905","market":"us","top_or_hot":-1,"title":"Down 73% in a year: Appen shares sink again after CEO vests performance rights","media":"MotleyFool","content":"<div>\n<p>It certainly has not been a great time to own Appen Ltd (ASX: APX) shares.\nOver the last 12 months, the struggling artificial intelligence (AI) data services company's shares have lost approximately ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/21/down-73-in-a-year-appen-shares-sink-again-after-ceo-vests-performance-rights/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Down 73% in a year: Appen shares sink again after CEO vests performance rights</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDown 73% in a year: Appen shares sink again after CEO vests performance rights\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-21 09:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/03/21/down-73-in-a-year-appen-shares-sink-again-after-ceo-vests-performance-rights/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It certainly has not been a great time to own Appen Ltd (ASX: APX) shares.\nOver the last 12 months, the struggling artificial intelligence (AI) data services company's shares have lost approximately ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/21/down-73-in-a-year-appen-shares-sink-again-after-ceo-vests-performance-rights/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDQ.AU","symbol_name":"BETASHARES NASDAQ 100 ETF","start_time":0,"source_url":"https://www.fool.com.au/2024/03/21/down-73-in-a-year-appen-shares-sink-again-after-ceo-vests-performance-rights/","article_id":"2421080905","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421080905","pubTimestamp":1710983550,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"It certainly has not been a great time to own Appen Ltd  shares.Over the last 12 months, the struggling artificial intelligence  data services company's shares have lost approximately 73% of their value.To put that into context, if you had made a $20,000 investment a year ago, you'd have just $5,400 left.Whereas if you had invested those same funds into the popular Betashares Nasdaq 100 ETF , you would have seen your investment grow 45% to $29,000.In light of this, the company's shareholders may not be best pleased to learn that its newly appointed CEO, Ryan Kolln, who was COO for much of the last 12 months, has just converted a large number of performance rights into Appen with zero cost.According change of director's interest notice, Kolln vested 166,850 performance rights into the same number of Appen shares on 18 March without spending a cent.As a reminder, the Appen share price was trading as high as $35+ in 2020. Since then it has shed 98% of its value and trades at just 67 cents","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"NDQ.AU":"BETASHARES NASDAQ 100 ETF","APX.AU":"APPEN LTD","BK7503":"科技股","BK7061":"信息科技咨询与其它服务"},"translate_title":"一年内下跌73%：首席执行官授予履约权后，阿彭股价再次下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APX.AU":1,"NDQ.AU":1},"content_text":"It certainly has not been a great time to own Appen Ltd (ASX: APX) shares.\nOver the last 12 months, the struggling artificial intelligence (AI) data services company's shares have lost approximately 73% of their value.\nTo put that into context, if you had made a $20,000 investment a year ago, you'd have just $5,400 left.\nWhereas if you had invested those same funds into the popular Betashares Nasdaq 100 ETF (ASX: NDQ), you would have seen your investment grow 45% to $29,000.\nThat's a massive $23,600 difference in value!\nIn light of this, the company's shareholders may not be best pleased to learn that its newly appointed CEO, Ryan Kolln, who was COO for much of the last 12 months, has just converted a large number of performance rights into Appen with zero cost.\nAppen CEO picks up free shares\nAccording change of director's interest notice, Kolln vested 166,850 performance rights into the same number of Appen shares on 18 March without spending a cent.\nThese shares have a market value of $111,789.50 at the current share price.\nThough, had Appen's performance not been so dreadful over the last 12 months, those shares would have been worth considerably more.\nA year ago, its shares were fetching $2.31, which would have given them a market value of $384,799.80.\nNevertheless, it begs the question, why would a company reward its executives with performance rights when they have destroyed so much shareholder wealth in recent years?\nAs a reminder, the Appen share price was trading as high as $35+ in 2020. Since then it has shed 98% of its value and trades at just 67 cents today.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":286515499536544,"gmtCreate":1710984889651,"gmtModify":1710984893352,"author":{"id":"3569809505691000","authorId":"3569809505691000","authorIdStr":"3569809505691000","name":"breAkdaWn","avatar":"https://community-static.tradeup.com/news/4c3676c14de9bfcd6f45bcf7ba4ddb6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569809505691000"},"htmlText":"performance rights.. given even with dreadful performance by the CEO!! there should be a governing body to look after share holder intrest.&nbsp;","listText":"performance rights.. given even with dreadful performance by the CEO!! there should be a governing body to look after share holder intrest.&nbsp;","text":"performance rights.. given even with dreadful performance by the CEO!! there should be a governing body to look after share holder intrest.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286515499536544","repostId":2421080905,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421080905"}