Headlines about "Stock plans - employee stock purchase (423)"
Gathered from the web by the editors at BenefitsLink.com.
Employee Ownership Update for February 1, 2012
NCEO Executive Director Loren Rodgers discusses employee ownership in the 2010 General Social Survey, the continuing importance of ESPPs, Principal's 10 Best Companies for Employee Financial Security, employee ownership and charity, the April Employee Ownership Conference, and a different way of owning 'stock." (National Center for Employee Ownership)
New book on ESPPs (employee stock purchase plans)
The Certified Equity Professional Institute just released a new book on employee stock purchase plans (ESPPs) as part of its GPS (guidance, procedures, systems) series, and you can order a copy from the NCEO. (National Center for Employee Ownership (NCEO))
[Guidance Overview] Reminder of ISO and ESPP Reporting Deadlines
"This is a reminder to companies issuing incentive stock options and sponsoring employee stock purchase plans about the January 31 deadline to report certain information to participants and the February 28 deadline to file returns with the IRS." (McKenna Long & Aldridge LLP)
The State of Broad-Based Employee Ownership Plans 2012
This report details the extent and growth of employee ownership through ESOPs, 401(k) plans, stock options, ESPPs, and other vehicles; summarizes the leading research on employee ownership and corporate performance; and discusses current challenges and prospects. (National Center for Employee Ownership)
[Guidance Overview] Annual Reporting Requirements for Incentive Stock Options and Employee Stock Purchase Plans
"With respect to reporting ESPP transactions, companies are required to report the first transfer of legal title to any share purchased under an ESPP plan." (Orrick, Herrington & Sutcliffe LLP)
[Guidance Overview] 2012 Deadlines Approach to Furnish Incentive Stock Option and Employee Stock Purchase Plan Information Statements and Returns
"In addition to the employee information statements, corporations must file returns with the Internal Revenue Service on Forms 3921 and 3922 no later than February 28, 2012, if filed on paper, or April 2, 2012, if filed electronically." (DLA Piper)
[Guidance Overview] Tax Reporting Deadline Rapidly Approaching for Incentive Stock Options and Employee Stock Purchase Rights
"While these filings are required only once per year, please note that each Form 3921/3922 may report only one transaction. As a result, employers may need to prepare multiple forms for a single employee." (Jones Day)
[Guidance Overview] Incentive Stock Options and Employee Stock Purchase Plans: IRS Information Statements and Information Returns under Section 6039
"For incentive stock option exercises and transfers of stock acquired under employee stock purchase plans in 2011, the employer must furnish employee information statements no later than January 31, 2012 and must file information returns with the IRS no later than February 28, 2012 (or March 31, 2012 if filing electronically)." (Cooley LLP)
Employee Ownership Update for January 2, 2012
NCEO Executive Director Loren Rodgers discusses Berkshire Hathaway's purchase of an employee-owned newspaper, stock options in India, a new ESPP reference, the NCEO's executive compensation survey, spreading the word on employee ownership, and NCEO board elections. (National Center for Employee Ownership)
Updated List of Employee Ownership Plans in Major Public Companies
This list, updated and released in December 2011, shows which of the 900 largest publicly traded companies (the S&P 500 and the S&P mid-cap 400) have various forms of employee ownership, including stock options, stock purchase plans, ESOPs, 401(k) plans, and more. (National Center for Employee Ownership)
Equity Compensation Report for November 2011
This is the last of the three introductory issues of the NCEO's new equity compensation newsletter; starting in December, it will be available only to NCEO members. It features an interview with Dan Walter and articles on the NCEO's private company equity compensation survey, determining whether secondary markets are right for your company, and communicating valuation. (National Center for Employee Ownership)
Highlights of NCEO's 2011 Private Company Equity Compensation Survey
Earlier this year, the NCEO conducted a pathbreaking survey of equity compensation practices at hundreds of private companies. This page presents the highlights of the results, from the demographics of the respondents to the distribution of equity at their companies. (National Center for Employee Ownership)
New Edition of The Decision-Maker's Guide to Equity Compensation
The revised and expanded second edition of this popular book updates the existing chapters and adds new ones on performance awards and on equity compensation in LLCs. (National Center for Employee Ownership)
2011 Private Company Equity Compensation Survey Results
There are many equity compensation surveys for public companies, but almost none for closely held companies, and these focus just on executive equity in single industries or pre-IPO companies. The NCEO Private Company Equity Survey fills this gap. It is based on 201 completed surveys from private companies with equity plans and 32 responses from service providers in a separate survey designed to corroborate the broader survey results. (National Center for Employee Ownership (NCEO))
Equity Compensation Report for October 2011
The October 2011 Equity Compensation Report features articles on valuation issues in closely held companies, best practices for capitalization reporting, an interview with Anne Claire Broughton of the Social Jobs Venture Fund, and more. (National Center for Employee Ownership)
The Equity Compensation Report
The NCEO has launched a newsletter focusing on equity compensation issues for companies with broad-based plans and closely held companies. The first three issues will be available at no charge to everyone through November. (National Center for Employee Ownership)
Employee Ownership Update for July 15, 2011
NCEO Executive Director Loren Rodgers discusses the following: A new study shows equity plans are a large part of employee savings. Other research sheds light on the relation between ESOPs and disclosure practices at public companies. ESOP-owned Reflexite will merge with a German company. The ESOP is a core part of the corporate identity of USA800, a call center company. The Economist published an obituary for Robert Oakeshott. (National Center for Employee Ownership (NCEO))
If I'd Only Known That: A new book on what can go wrong with your equity compensation plan
If I'd Only Known That is a new book that illustrates a multitude of common mistakes in equity compensation, how to avoid them, and what to do about them when they occur. (National Center for Employee Ownership)
New Developments in Equity Compensation Reporting: Cost Basis, Section 6039, and Proxy Reporting
The NCEO has just released an issue brief on new developments in equity compensation reporting. It will go out to everyone with an NCEO issue brief subscription, and otherwise can be ordered in print or PDF form. (National Center for Employee Ownership)
Equity Compensation Update Course Now Available
The NCEO's latest Equity Compensation Update course is now available. It provides articles and quizzes on recent developments in the field (from January 2010 through March 2011) in corporate and securities law; taxation; accounting; and equity plan design, administration, and analysis. The course provides 15 hours of continuing education credit for Certified Equity Professional (CEP) designees. (National Center for Employee Ownership (NCEO))
Employee Ownership Update for March 31, 2011
Corey Rosen discusses the following topics and more: ESOP-owned Web Industries has developed an innovative new radiation measurement product that fits on a small card. Directed trustees have very limited fiduciary responsibility but may do a lot of work. The taxation of employee stock purchase plans is sufficiently complex that even people who know the field sometimes get confused. The NCEO's annual conference is coming up, as is the Great Game of Business conference. (National Center for Employee Ownership)
[Guidance Overview] Avoid Tax Return Mistakes with Stock Options & ESPPs: What You Need To Know in 2011
"Puzzled by your W-2 or a 1099-B form? Don't quite know how and where to report sales of company stock on Schedule D? Even if you hire someone to do your taxes (tax specialists are helpful), you can nevertheless benefit by knowing some of the basics about income tax reporting for company stock." (myStockPlan.com, Inc.)
Employee Ownership Update for March 1, 2011
Corey Rosen discusses the following: Employee participation in ESPPs is rising. At a Rutgers symposium, researchers presented more than 28 papers. The IRS has put into regulations the long-held assumption that companies are considered privately held unless their stock is readily tradable on an established security market. A district court held that, unless fiduciary decisions actually caused investment losses in employer stock, fiduciaries could not be held accountable for them. (National Center for Employee Ownership (NCEO))
NCEO Offers Issue Brief Subscription
The NCEO is now offering a subscription to its issue briefs. Every time it releases an issue brief, subscribers will be able to download it immediately (a print-only subscription is available at an additional cost). The issue brief subscription replaces the Journal of Employee Ownership Law and Finance, and everyone who subscribed to the Journal as of the fall 2010 issue has been transitioned to an issue brief subscription. (National Center for Employee Ownership)
NCEO Equity Compensation New Release Bundle
The NCEO has just released the 2011 editions of its leading equity compensation books. As a special promotion during the month of February, it is offering all five books as a bundle to everyone, NCEO members and nonmembers alike, at the discounted NCEO member price. (National Center for Employee Ownership)
[Guidance Overview] IRS Deadline to Notify Employees Who Exercised Certain Stock Options in 2010
"The necessary information must be provided to the employees by Jan. 31, 2011, with a corresponding report filed with the Internal Revenue Service no later than Feb. 28, 2011 (March 31, 2011, if filed electronically)." (Davis Wright Tremaine LLP)
[Guidance Overview] New Tax Reporting Requirements for Incentive Stock Options and Employee Stock Purchase Plans
"Failure to file the appropriate forms with the IRS may result in . . . penalties . . . . In addition, a failure to distribute information statements to employees may give rise to an additional penalty of $50 per statement (maximum of $100,000 per year)." (K&L Gates LLP)
New editions of NCEO books on equity compensation
The NCEO has just released new editions of Accounting for Equity Compensation, Advanced Topics in Equity Compensation Accounting, Beyond Stock Options, Selected Issues in Equity Compensation, and The Stock Options Book. (National Center for Employee Ownership)
[Guidance Overview] Employer Return Requirements for ISOs and ESPPs: New Reporting Requirements for 2011
"The new reporting rules do not replace the existing rules requiring a corporation to report and withhold on any taxable income recognized by an employee on the exercise of an option. The final regulations only provide for enhanced reporting requirements with respect to return and information statements." (Proskauer Rose LLP)
[Guidance Overview] Reporting Deadline Approaches for 2010 ISO Exercises and ESPP Stock Transfers
"Beginning with regard to exercises or transfers that occurred in 2010, public and private corporations are also required to file an information return with the [IRS]. The IRS issued two forms, Form 3921 and Form 3922, which now are used in satisfying both of these requirements." (Michael Best & Friedrich LLP)
[Guidance Overview] Incentive Stock Options and Employee Stock Purchase Plans: IRS Information Statements and Information Returns under Section 6039 Final Regulations
Excerpt: ' The information statement and information return must be on Form 39211 (for incentive stock option exercises) or Form 39222 (for transfers of stock acquired under an employee stock purchase plan), although the corporation may provide the employee with an information statement on a 'substitute form' that satisfies certain format and content requirements." (Cooley LLP)
Journal of Employee Ownership Law and Finance Back Issue Set
The NCEO's Journal of Employee Ownership Law and Finance, published from 1989 to 2010, was the only professional journal in the U.S. devoted to employee ownership, ranging from ESOPs to stock options and more. This is a set of the back issues that are still in print (see the link for a list). (National Center for Employee Ownership (NCEO))
[Guidance Overview] Reporting Deadline for 2010 ISO Exercises and ESPP Stock Transfers Approaches
Excerpt: "For ISO exercises and ESPP stock transfers that occurred in 2010, the information statement must be provided to employees by January 31, 2011." (Dorsey & Whitney LLP)
[Guidance Overview] Deadlines Approach to Furnish Incentive Stock Option and Employee Stock Purchase Plan Information Statements and Returns
Excerpt: "New this year for transactions occurring in 2010, in addition to the employee information statements, corporations must file returns with the Internal Revenue Service on Forms 3921 and 3922 no later than February 28, 2011, if filed on paper, or March 31, 2011, if filed electronically." (DLA Piper)
[Guidance Overview] Annual Reporting Requirements for Incentive Stock Options and Employee Stock
Excerpt: "For any exercise of an incentive stock option . . . or transfer of a share previously purchased pursuant to a tax-qualified employee stock purchase plan . . . where the purchase price paid for the share was (a) less than 100% of the fair market value on the date of grant or (b) not fixed or determinable on the date of grant, the Internal Revenue Code requires companies to . . . ." (Orrick, Herrington & Sutcliffe LLP)
[Guidance Overview] Employers Face New ISO, ESPP Reporting Responsibilities in Early 2011
Excerpt: "Many employers maintaining incentive stock option (ISO) arrangements or Section 423 employee stock purchase plans (ESPPs) must begin using new IRS forms in early 2011 for transactions occurring in 2010." (Mercer LLC)
[Guidance Overview] 2010 Reporting Obligations of Companies with ISO or ESPP Arrangements
Excerpt: "Companies may potentially be subject to information return penalties of $50.00 per return, either for reporting erroneous amounts or failure to meet the March 31, 2011, IRS filing deadline (February 28 for paper forms)." (McDermott Will & Emery)
[Guidance Overview] IRS Guidance Expanding and Modifying 409A Correction Program and New Reporting Requirements for Stock Transfers under ISOs and ESPPs (PDF)
3 pages. Excerpt: "The new rules require filing Form 3921, Exercise of an Incentive Stock Option Under Section 422(b), or Form 3922, Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c). The appropriate form must be filed with the IRS and provided to the employee no later than January 31 of the year following the year in which the transfer occurs in order to avoid penalties. In other words,for any such transfers taking place in 2010, the deadline is January 31, 2011." (Bryan Cave LLP)
Quick Reference Guide to Equity Compensation
This is a quick reference guide to the rules governing equity compensation in the U.S. It is composed of four double-sided 8.5 x 11-inch laminated sheets (eight pages in all). It was originally created for our CEP Institute Exam Prep Course, where it is one of several components. (However, the version sold separately is not for CEPI students, who should rely on the Quick Reference Guide that comes with our Prep Course and is coordinated with the CEP texts.) (National Center for Employee Ownership)
[Guidance Overview] New IRS Reporting Required in Early 2011 for 2010 Exercises of Incentive Stock Options and Transfers of Stock Purchased Under ESPP (PDF)
3 pages. Excerpt: "Corporations that award incentive stock options to employees or sponsor an employee stock purchase plan are now required to use the Internal Revenue Service's newly issued Forms 3921 and 3922 in order to comply with the participant information statement and IRS information return requirements of Section 6039 of the Internal Revenue Code." (Pillsbury Winthrop Shaw Pittman LLP)
Employee Stock Reporting Deadlines Approaching
Excerpt: "The Internal Revenue Service (IRS) has released final versions of Form 3921 and 3922 on which employers are required to report information relating to the exercise of incentive stock options (ISO) and employee stock purchase plans (ESPP) options." (PLANSPONSOR.com)
[Guidance Overview] Reminder: Reporting Required for Exercise of ISOs, ESPP Options (PDF)
1 page. Excerpt: "The end is near for a temporary reprieve from reporting exercises of incentive stock options ('ISOs') and options under employee stock purchase plans ('ESPP'). On November 6, 2010, the Internal Revenue Service released final versions of Form 3921 and 3922 on which employers are required to report information relating to the exercise of ISOs and ESPP options." (Vorys, Sater, Seymour and Pease LLP)
[Guidance Overview] Reporting Under IRS ?6039 Coming (PDF)
Excerpt: "After several waivers by the [IRS], regulations under ?6039 of the Internal Revenue Code are now effective for 2010 Incentive Stock Option . . . and Employee Stock Purchase Plan . . . transactions." (Kelly, Hannaford & Battles P.A.)
Employee Ownership Update for November 15, 2010
NCEO Executive Director Corey Rosen discusses the following: A district court ruled the purchase of unregistered shares for the Tribune ESOP was a prohibited transaction. There are no COLA changes for defined contribution plans in 2011. There is a new site for nonqualified deferred compensation plans. Penmac Staffing is now one of the largest employee-owned companies. The failure to include amounts from option and ESPP exercises is causing errors in calculating compensation in 401(k) plans. (The National Center for Employee Ownership)
The Employee Ownership 100: America's Largest Majority Employee-Owned Companies
The NCEO has just released the latest version of the Employee Ownership 100, a list of the largest majority employee-owned companies in the U.S. To be on the list, companies must have at least 50% of their stock owned by an ESOP, a stock purchase plan in which most full-time employees can participate, a profit sharing plan or other trust, or some combination of such plans. (National Center for Employee Ownership)
Updated Issue Brief on the State of Employee Ownership
The NCEO has posted excerpts from its updated issue brief on the state of employee ownership in the U.S. This report details the extent and growth of employee ownership through ESOPs, 401(k) plans, stock options, ESPPs, and other vehicles; summarizes the leading research on employee ownership and corporate performance; and discusses current challenges and prospects. (National Center for Employee Ownership)
Updated Issue Brief on the State of Broad-Based Equity Plans
The NCEO has posted excerpts from its newly updated issue brief on the state of broad-based equity plans. It provides an overview of the prevalence of various kinds of broad-based equity plans (stock options, ESPPs, etc.), who is eligible for them, and what impact they have on corporate performance. (National Center for Employee Ownership)
[Guidance Overview] Design Flexibility and Potential Pitfalls in IRS Final Rules for Employee Stock Purchase Plans
Excerpt: "These final rules under I.R.C. ? 423 generally apply to options granted under an ESPP after 2009, and the new reporting rules apply to shares transferred after 2009. This article highlights significant clarifications in the final rules that should be of interest to employers that already maintain, or may be considering establishing, an ESPP." (Groom Law Group)
Employee Ownership Update for March 16, 2010
NCEO Executive Director Corey Rosen discusses the following in the latest Employee Ownership Update: A recent court case and an IRS ruling support ESOP account segregation and rebalancing. A settlement has been reached between the former ESOP participants, the Department of Labor, and the defendants in the long-running Couturier case. The NCEO now has made available its list of companies with ESPPs and other broad-based equity plans. (National Center for Employee Ownership)
ESPP and Other Broad-Based Equity Plan List
Through a painstaking process of checking company Web sites and corporate filings, the NCEO has compiled a list of the largest 1500 U.S. companies, as well as corporate NASPP members, that have broad-based equity plans. Of the 1,821 companies that we researched, we could confirm that 131 offer options to most or all employees, 22 offer other kinds of broad-based equity (of these, six offer options as well), and 498 have employee stock purchase plans (ESPPs). (National Center for Employee Ownership (NCEO))
Employee Ownership Update for March 1, 2010
NCEO Executive Director Corey Rosen discusses the following: The UK's Conservative Party is proposing that employees in any public service organization be able to reorganize as an employee-owned company. The NCEO is preparing data on options, ESPPs, etc., in large public companies. ABC News ran a moving story on a new ESOP at Bob's Red Mill. The FED is sponsoring an essay contest on employee ownership. Dan Janich and Elizabeth Dodge have been appointed to the NCEO board. (National Center for Employee Ownership)
[Guidance Overview] New Rules Effective in 2010 for Employee Stock Purchase Plans
Excerpt: "If the employer arranges for shares purchased under the ESPP to be transferred to a brokerage account established for the participants, the transfer of the legal title of the shares directly to a broker or financial institution is treated as a transfer that triggers the reporting obligations. However, if the employer issues stock certificates to participants upon the exercise of ESPP options, or if shares are registered in the participants' name and the employer holds those shares for participants in book entry form, then the initial transfer of shares does not occur until the participant's subsequent legal transfer of title." (Sherman & Howard L.L.C.)
New edition of Accounting for Equity Compensation
Accounting for equity compensation is one of the most challenging and complex areas of stock plan administration. Written in plain English for non-accountants by leading expert Barbara Baksa, this book is a survival guide for understanding the impact of stock compensation (such as stock options, ESPPs, restricted stock, and SARs) on corporate financial statements. (National Center for Employee Ownership)
Employee Ownership Update for February 1, 2010
NCEO Executive Director Corey Rosen discusses the following (and more): Cooperative Home Care Associates and Staples are examples of employee ownership companies that help low-income employees with matters such as tax returns. The IRS recently issued Notice 2010-6, which establishes a document correction program for nonqualified deferred compensation programs under Internal Revenue Code Section 409A. If it difficult for employees to meet to share ideas regularly, software can help. (National Center for Employee Ownership)
[Guidance Overview] New Rules for ESPPs and Reporting ISO and ESPP Share Transactions
Excerpt: "In response to comments, the final regulations include an exception to the reporting and return requirements for certain nonresident aliens. Neither an information report nor a return is required for employees for whom the employer is not required to file a Form W-2 for certain specified periods." (McGuireWoods LLP)
New edition of Selected Issues in Equity Compensation
The NCEO presents excerpts from the newly released 7th edition of Selected Issues in Equity Compensation, an in-depth discussion of some of the main topics related to stock options, employee stock purchase plans, and other equity compensation plans. (National Center for Employee Ownership (NCEO))
[Guidance Overview] Annual Information Statements and Returns for Incentive Stock Options and Employee Stock Purchase Plans and Other Reporting Requirements
Excerpt: "These statements must include specific information, which is included in our sample ISO statement and our sample ESPP statement. Information statements may either be mailed to the recipient's last known address or, if the recipient has given his or her consent to receive the statement electronically, provided in electronic format." (Orrick, Herrington & Sutcliffe LLP)
[Guidance Overview] February 1, 2010 Deadline and Final Regulations on Return and Information Statement Requirements for ISOs and ESPPs
Excerpt: "This Update summarizes key highlights from the existing and new final regulations and offers practical guidance." (Perkins Coie LLP)
[Guidance Overview] IRS Final Regulations Governing Options Granted Under Employee Stock Purchase Plans (PDF)
Excerpt: "The final regulations are effective as of November 17, 2009, and will apply to any options granted under an ESPP on or after January 1, 2010. Employers may apply these rules retroactively to options grantedprior to January 1, 2010." (Morgan, Lewis & Bockius LLP)
[Guidance Overview] New California Supreme Court Decision Schachter v. Citigroup Upholds Forfeiture Provision in Key Employee Stock Purchase Plan
Excerpt: "The Schachter decision is important in several respects. First, it validates forfeiture provisions in a stock purchase plans similar to provisions of the Citigroup plan. Second, the Court reaffirmed the prospective and bilateral rights of employers and employees to change compensation and other terms of employment. Third, the Court endorsed the principle that employers can enforce conditions to receiving incentive compensation, such as continued employment for a specified time period. Finally, the Court's recognition of contingent future rights as a permissible part of an employer's compensation package may provide some indirect support for the use of clawback provisions in incentive compensation programs." (Cooley Godward Kronish LLP)
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