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**Post-Grant Earnings (PGE)** specifically relates to the earnings of a company *after* a grant, especially in the context of stock options or other types of equity-based compensation. So, imagine a company grants stock options to its employees. These options give the employees the right to purchase company stock at a certain price (the exercise price) after a specific period (the vesting period). If the company does well and its stock price goes up, the employees can exercise their options, purchase the stock at a lower price than the market price, and potentially make a profit.
