argue is due to a change in the opportunistic timing of option grants. We define lucky grants as those with grant prices … below or at the lowest stock price of the grant month, and we find that the proportion of lucky grants for financially …

argue is due to a change in the opportunistic timing of option grants. We define "lucky" grants as those with grant prices … below or at the lowest stock price of the grant month, and we find that the proportion of lucky grants for financially … grants. We define “lucky” grants as those with grant prices below or at the lowest stock price of the grant month, and we …

argue is due to a change in the opportunistic timing of option grants. We define “lucky” grants as those with grant prices … below or at the lowest stock price of the grant month, and we find that the proportion of lucky grants for financially …