Assertion: stock option's stock | /r/HasProperty | convertible
Facets:
value: to actual shares
type: OTHER
Source sentences:
text: Phantom Stock: this pays a future cash bonus equal to the value of a defined number of shares; no legal transfer of share ownership usually takes place, although the phantom stock may be convertible to actual shares if defined trigger events occur.
text: Some preferred stock is convertible, meaning it can be exchanged for a given number of common shares under certain circumstances.