News & Events

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

1. Equity Award Modifications in Down Markets

Date: Thursday, May 28, 2020
Time: 10:00 am PT/ 1:00 pm ET
Presenters: Daniel Hunninghake, Yudian Tang, Bradley Hayes
1 Overview CPE Credit | Accounting

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. We’ll 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’ll 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

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3. Keeping Your Share Pool Clean in a Messy Economy

On-Demand Webcast
Recorded on Thursday, May 7, 2020

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’ll 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

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

On-Demand Webcast
Recorded on Wednesday, May 13, 2020

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’ll cover the fundamentals. And for those who’ve ruled out relative TSR (rTSR), we’ll give special attention to relative financial metrics. We’ll discuss:

  • The why’s and how’s 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

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