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I was awarded restricted stocks. How does this work?

I work at a large banking institution and was awarded $10,000 in stock options, which I can take out in March 2009. How does this work? Does my company buy however many stocks it can with my 10 grand and then thats that? I am just not sure to expect when I try to take this money out. Should I expect a good amount of cash, or was this just a way to keep me at the company? :)

Public Comments

  1. http://en.wikipedia.org/wiki/Restricted_stock http://management.about.com/cs/money/a/ResStkFAQ1203.htm Try this. I just typed "restricted Stock" into Google. I think the latter is more defined than the former.
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