On-Demand Webcasts

Thinking through recession preparedness for your equity plan? This webcast series is for you.

1. Equity Award Modifications in Down Markets

Recorded on Thursday, May 28, 2020

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Some types of modifications see an uptick when the economy enters a recession. From adjusting the terms of equity held by terminated employees to restoring incentives for key talent, you can plan on needing to modify at some point. In this webcast, we walk through the modifications that are most common during turbulent economic periods, with a look at the ASC 718 accounting and proxy treatment of each type. More specifically, we discuss:

• Extending the post-termination exercise window on stock options
• Accelerating vesting for terminated employees
• Resetting performance targets
• Replacing one performance metric for another
• Conducting an option exchange or PSU exchange
• And more

2. Relative Performance Equity Awards—A Port in the Storm?

Recorded on Wednesday, May 13, 2020

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If economic turbulence has you examining relative performance equity for the first time or giving your existing relative metrics a 50,000-mile checkup, this webcast is for you. For those new to relative performance equity, we cover the fundamentals. And for those who’ve ruled out relative TSR (rTSR), we give special attention to relative financial metrics. We discuss:

• The whys and hows behind different types of relative performance equity, including both relative financial metrics and rTSR
• Ways to fine-tune existing relative performance awards to achieve your objectives
• Techniques for introducing relative performance metrics into your existing LTIP while staying true to your overall compensation strategy
• Accounting and proxy implications of relative performance metrics

3. Keeping Your Share Pool Clean in a Messy Economy

Recorded on Thursday, May 7, 2020

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With stock prices hovering far below the levels of early 2020, equity award granting has suddenly become much more dilutive. Companies that planned to request additional shares in 2022 may need to do so much sooner—and with greater difficulty as their fundamentals deteriorate. In this webcast, discover share pool conservation and management strategies you can implement immediately. We explore:

• How share pools work and best practices in tracking share burn
• Examples of stock price volatility resulting in excessively fast share pool depletion
• Ways to maintain your long-term incentive plan even if you run out of shares
• Alternative grant calibration approaches to mitigate pool depletion
• Alternative award vehicles that conserve or avoid using equity altogether

4. The Emerging Impact of COVID-19 on Equity Compensation

Recorded on Friday, March 27, 2020 and Thursday, April 2, 2020

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The events of 2020 have served as a strong reminder of our interconnectedness and interdependence as a global community. Amid the human toll and rising economic uncertainty, the coronavirus outbreak had a profound impact on equity compensation. In this program, we examine what it all means and potential actions to take now.

This program was offered twice, with the second session incorporating new developments in light of how quickly our national situation was changing. We look at:

• Considerations for companies that recently granted equity awards, such as modification or cancellation and re-grant
• Strategies for companies that have not yet made their annual equity grant, including delaying grants, widening goals, and revising metrics
• Alternative modification approaches for outstanding equity awards
• Accounting and proxy implications of award modifications
• Equity award vehicles that operate effectively during economic volatility
• Creative ways to tackle share pool challenges caused by stock price declines
• Proxy advisor and investor viewpoints on creative equity strategies