This is one of the more clear and cogent posts in the history of the board. oMandarin doesn't post a whole lot, but clearly understands finance and corporate fiscal responsibility. And, if I remember, is a VERY substantial shareholder.
If you aren't sure about this proposal, or the nuances of stock compensation, I strongly recommend that you follow oMandarin's lead here. If you don't understand why he/she is correct, then ask.