The Tragic Algebra of Stock-Based Compensation substack.com/@michaeljburry/p-179682949 Substack First, the algebra. 首先，是代数。 I watch a lot of Big Bang Theory. If that does not look like a Nobel Prize, Alex Karp is not a doctor. 我看了很多《生活大爆炸》。如果那不像诺贝尔奖，亚历克斯·卡普不是医生。 But no, I do not claim such a prize. 但不，我并不声称获得了这样的奖项。 This derivation belongs to my right-hand man at Scion the last four years. Phil Clifton is his name, and he is quite literally a rocket scientist. 这个推导属于我在 Scion 过去四年的得力助手。菲尔·克利夫顿是他的名字，字面意思就是火箭 ...

Core Points - Chimera Investment Corporation announced the approval of grants of restricted stock units (RSUs) effective October 1, 2025, totaling up to 533,391 shares of common stock [1] - The RSUs will be granted under the Chimera Investment Corporation 2025 Inducement Award Plan to approximately 300 individuals who are being offered employment in connection with the acquisition of HomeXpress [1]

Core Viewpoint - JDE Peet's N.V. is involved in a recommended public offer by Keurig Dr Pepper, Inc. for all issued and outstanding shares of JDE Peet's, with the company confirming that its total issued share capital remains unchanged at 488,178,642 shares [1][2]. Company Information - JDE Peet's is recognized as the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second across more than 100 markets, with a diverse portfolio of iconic brands including Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona [4]. - In 2024, JDE Peet's reported total sales of EUR 8.8 billion and employed over 21,000 individuals globally [4]. Share Capital and Incentive Plans - The nominal value of each share in JDE Peet's is EUR 0.01, and the company has announced grants and transfers related to its employee incentive plans, resulting in no change to the total issued share capital [2]. - On September 23, 2025, JDE Peet's granted 389,270 conditional rights to shares in the form of restricted stock units (RSUs) and performance stock units (PSUs) to 133 incentive plan participants, and transferred 554,675 shares to 223 incentive plan participants [6].