Real Millionaires of Red Hat: Who made what after sale to IBM
This time it is not just paper value of their stock holdings.
This time, it is for real.
Slews of Form 4s - the regulatory paperwork required for insider stock transactions - dropped late Tuesday, as top brass Red Hatters finally got their first big dollar payouts from the $34 billion IBM deal.
The transaction, announced late last year and consummated Tuesday, involved several sweeteners beyond stock buyouts - including retention agreements that have the potential to add millio...