rbynaker
Level 13

Obviously we don't have any details so we can't "do the math" on this.  But I completely agree with this line of thinking.  The directors fees were subject to SE tax, this is just a different form of compensation so it should also be subject to SE tax.

In my career I've seen enough equity compensation screwed up that I don't take anyone's word for it.  Get the documents, follow the math.  Look at each transaction.  Options were granted, how many what strike price?  Options were exercised, were there broker fees, was this cashless or did he pay the strike price?  Stock was sold, was it a same-day sale, were there broker fees?  Follow your share counts through the process.