3 ways to approach a concentrated stock position
A concentrated stock position can be a highly personal and complex part of financial planning. Many of the people we work with at Quorum acquire large positions in specific companies for one of two reasons: equity-based compensation like RSUs or stock options or a family inheritance. The personal significance of those shares is one of […]
What are 10b5-1 plans?
If you are in possession of material non-public information about a stock, the SEC’s Rule 10b5-1 allows you to plan trades in advance so that you can sell shares without worrying about insider trading allegations. Rule 10b5-1 plans also create a path for employees to sell shares during blackout periods. Generally speaking, anyone can use […]
What is Rule 144?
Rule 144 limits the amount of stock an individual can sell. It generally applies to affiliates of a publicly traded company—officers, board members, large shareholders, or people who may have significant influence over the company. It can also apply to restricted securities, or shares that haven’t been registered with the SEC. Often these are shares […]
What is Section 16, and does it apply to me?
Section 16 refers to the 16th section of the Securities and Exchange Act. It requires that certain company insiders—executives, board members, certain key employees, investors owning more than 10%—file paperwork documenting their holdings and trades with the SEC. The goal is to prevent these insiders from profiting off of material non-public information. For instance, if […]
3 regulations every high-ranking executive should know about
High-ranking employees at publicly-traded companies may be required to follow specific rules and regulations that don’t apply to the broader employee pool. These regulations usually apply to C-suite level executives, but can also apply to people in key roles, such as researchers or lawyers working with intellectual property. They also apply to board members and […]
Negotiating equity comp: What you should know
Have you ever wondered how to negotiate a pay package that includes equity compensation, in addition to a salary? Kelly Milligan has offers tips. (Hint: Taxes.)
Your guide to equity compensation
At Quorum, we view equity compensation on a spectrum, with restricted stock units at one end and share purchase programs on the other.
