October 23, 2023 Thoughtful Pay Alerts
Preparing for the Expiration of an Equity Plan “Evergreen” Feature
Download a pdf of this article » In connection with their IPO, greater than 90% of technology and life sciences companies adopt equity compensation plans that contain an “evergreen” provision. These provisions provide for an automatic increase in the number of shares available for issuance under the plan (with a typical initial share pool of 8% to 12% of outstanding shares and a 4% to 5%...Read MoreAugust 22, 2023 Thoughtful Pay Alerts
Evaluating the New “Pay Versus Performance” Disclosures
Download a pdf of this article » With the peak of the 2023 proxy season behind us, it’s possible to begin to take stock of the new “pay-versus-performance” disclosures that have appeared in definitive proxy statements during the first half of the year. Intended to provide investors and other stakeholders with a more comprehensive understanding of the relationship between executive...Read MoreAugust 18, 2023 Thoughtful Pay Alerts
Adding Performance Stock Unit Awards to Your Long-Term Incentive Compensation Program
Download a pdf of this article » As a newly-public technology or life sciences company matures, it is customary to eventually expand its long-term incentive compensation program to include performance-based awards. Typically, this development is expected by the company’s institutional shareholders as a way of more effectively aligning their interests with the interests of the company’s...Read MoreJune 27, 2023 Thoughtful Pay Alerts
ISS Issues Mid-Year Reminder about Updating Compensation Peer Group
Download a pdf of this article » Institutional Shareholder Services (“ISS”) has issued its annual mid-year reminder inviting companies to update their self-constructed compensation peer groups for consideration as part of its review of their executive compensation program in connection with Annual Meetings of Shareholders to be held during the remainder of 2023. ISS considers a company’s...Read MoreJune 21, 2023 Thoughtful Pay Alerts