Originally Posted by
sailingfun
That appears go be stock being purchased for future issuance. Even if it represents stock grants for the year it would reduce the PS pool by about 50 million dollars. The pilot share of that would be about 18 million. If we lose pensionability of the PS plan at a 25% payout level we lose between 90 and 100 million a year.
Registering is normally vested stock that was previously restricted.
If this is the only filing this year then we would have a number to work from, the year is not over.
Registering this stock just adds to the market float. We are buying back with the 2 authorizations of billions of dollars and this just puts more stock right back out on the market.