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RECOMMENDED EQUITY READING
EMPLOYEE STOCK OWNERSHIP PLANS
Why are Employee Owned companies the best way to attract, motivate and retain key employees?
EMPLOYEE EQUITY PLAN AUTOMATION
How is Equity Automation fast becoming the difference between successful and unsuccessful Employee Share Plans?
COMMUNICATING EMPLOYEE OPTIONS
How is effective communication an important aspect in understanding Employee Share Plans?
Find the answers to all of your Equity Plan questions – Ask our expert team!
RESOURCES FOR EQUITY PROFESSIONALS
The world of Equity Compensation can be a difficult area to grasp for most.
Global Shares understand that Equity professionals require resources to de-complexify the area to allow them to focus on the daily processes within their organization. If you’re looking to deepen your knowledge of the industry, consult our recommended reading list below.
The Global Shares team are committed to seeking out and sharing works by the industry’s leading authors to enhance professional schools of thought in the equity industry.
Equity Alternatives: Restricted Stock, Performance Awards, Phantom Stock, SARs, and More (2013)
For many companies, stock options, ESPPs, or ESOPs are not the only stock plans to consider. Instead, restricted stock awards, restricted stock units, phantom stock, stock appreciation rights (SARs), performance awards, and/or direct stock purchases are an essential part of their compensation strategies. This book/CD combination is an essential toolkit for everyone who needs to research or implement such plans. The book includes eight chapters on what the plan alternatives are, how they work, how to combine them, and the legal and accounting issues they raise.
The Stock Options Book (2013)
In recent years, the level of legal, accounting, and regulatory complexity associated with employee stock options has continued to grow. This book, written by attorneys Alisa Baker and Alison Wright, and writer and editor Pam Chernoff, CEP, presents a straightforward, comprehensive overview of both the big-picture issues and the technical details related to designing and implementing stock option plans and employee stock purchase plans. The book also looks at hot issues and provides illustrative exhibits, a glossary, a bibliography, and primary source materials, plus a seminal article by Corey Rosen on plan design. The 14th edition covers the latest developments in equity compensation, including the Dodd-Frank Act, Jumpstart Our Business Startups Act, and shareholder approval considerations. This edition includes a substantially updated section on cashless exercise methods. It is an indispensable guide for anyone involved with this field.
Selected Issues in Equity Compensation (2013)
NCEO’s standard introductory guide for company owners, managers, and advisors is The Stock Options Book, which covers a multitude of issues relating to stock options and stock purchase plans. This book goes a step beyond The Stock Options Book with extensive information on particular issues such as securities laws. (Many people get both books; for example, the Certified Equity Professional Institute has adopted both as texts for all three levels of its program.) The book addresses administration, state securities laws, federal securities laws, preparing for an IPO, handling death under a stock option plan, stock options and divorce, evergreen provisions, underwater options and repricing, designing and implementing an employee stock purchase plan (ESPP), the role of the transfer agent, and plan design and communication issues in difficult times. A lengthy glossary and an index round out the book. In the tenth edition, the glossary and chapters 1 through 4, 7, and 9 through 11 have been revised to bring the book up to date as of late 2012. Chapters 5, 6, and 8 did not require any changes.
GPS: ESPP (Employee Stock Purchase Plans) (2012)
Recently there has been a renewed interest in employee stock purchase plans (ESPPs). Whether Section 423 or non-qualified plans, ESPPs are never excessive, always in-the-money, and expense-efficient. While ESPPs can be an effective way to share ownership widely, their broad nature, coupled with sometimes infrequent purchases and tricky Section 423 requirements, presents administrative challenges and risks for stock plan professionals. This publication, produced by the Certified Equity Professional Institute (CEPI) at Santa Clara University and distributed by the NCEO, is part of the CEPI’s GPS (Guidance, Procedures, Systems) series. It gives stock plan professionals much-needed guidance about processes and controls for managing ESPPs. Offering very specific and practical guidance and reading almost like a primer on selecting and managing ESPPs, this publication addresses regulatory and administrative issues specific to ESPPs. It includes many practical examples and illustrations, as well as a comprehensive section on financial reporting to help assess the financial cost of various design features.
Accounting for Equity Compensation (2013)
Accounting for equity compensation is one of the most challenging and complex areas of stock plan administration. Written in plain English for non-accountants, this book is a survival guide for understanding the impact of stock compensation on corporate financial statements. Authored by leading expert Barbara A. Baksa, the text provides an overview of the U.S. accounting principles that apply to stock plans, including how to compute and record award expense, dealing with modifications of awards, reconciling tax effects, and considerations for private companies. The final chapter provides a set of examples that apply the rules to various situations. The tenth edition has been updated for 2013. (Note: this book does not address ESOP accounting.)
GPS: Restricted Stock and Restricted Stock Units (2013)
In recent years, more companies have been offering restricted stock awards (RSAs) and restricted stock units (RSUs) as equity compensation. While restricted stock grants can be an effective way to bolster employee retention, they present administrative challenges and risks for stock plan professionals. This publication, produced by the Certified Equity Professional Institute (CEPI) at Santa Clara University and distributed by the NCEO, is part of the CEPI’s GPS (Guidance, Procedures, Systems) series. It gives stock plan professionals much-needed guidance about processes and controls for managing RSAs and RSUs. Offering very specific and practical guidance and reading almost like a primer on managing RSA/RSU plans, this is the first publication that addresses in one place both regulatory and administrative issues specific to restricted awards. The publication includes many practical examples of illustrative controls and associated processes, along with specific considerations for outsourced administration. It is a resource to define processes and controls and to prepare for both internal and external audits. The present edition was revised in 2013.
Advanced Topics in Equity Compensation Accounting (2013)
Accounting is one of the most crucial areas in the equity compensation field. This book is not a general guide to the subject (for that, see our book Accounting for Equity Compensation by Barbara Baksa) but rather is an advanced study of some of the most important topics that arise. Author Takis Makridis, a leading expert in the field, selects a handful of issues spanning valuation and financial reporting. In this new edition, important updates are made to existing chapters, such as the ones on expected term and underwater option exchanges. This edition also includes two new chapters, one on the derivation and application of forfeiture rates and one on International Financial Reporting Standards 2 (IFRS 2).
Securities Sources for Equity Compensation (2013)
This book, prepared for the Certified Equity Professional Institute (CEPI) at Santa Clara University, is a collection of securities source materials relevant to the study of equity compensation. The CEPI offers a course of study leading to certification as a Certified Equity Professional. This book is intended for education and general reference and is neither an official publication nor a comprehensive legal reference. Notes on legislative and regulatory history are not included. Practitioners and corporate personnel should consult the latest versions of these sources (as available from government and other sites) when conducting business.
In the 2013 edition, Section 4 of the Securities Act of 1933 and Rules 501 and 502 under Regulation D have been replaced with the current versions as of the end of 2012. Section 5 of the Securities Act of 1933, Regulation 14A, and Regulation FD have been removed.
GPS: Global Stock Plans (2009)
In recent years, companies have been expanding their equity compensation plans to non-U.S. locations. This publication addresses the key concepts and challenges associated with awarding equity compensation to non-U.S. employees of U.S.-headquartered, publicly traded companies. While such use of equity compensation can be an effective way to bolster employee retention and equalize U.S. and non-U.S. employees, the use of equity compensation in multiple jurisdictions presents administrative challenges and compliance risks for stock plan professionals. This publication, produced by the Certified Equity Professional Institute (CEPI) at Santa Clara University and distributed by the NCEO, is part of the CEPI’s GPS (Guidance, Procedures, Systems) series. It gives stock plan professionals much-needed guidance about fundamentals and processes when using equity in non-U.S. locations.
GPS: Performance Awards (2010)
There has been a recent explosion in the use of performance awards. Even when performance awards represent only a fraction of the total outstanding equity compensation, their unique aspects present a host of administrative challenges, financial reporting issues, and communication concerns. This publication, produced by the Certified Equity Professional Institute (CEPI) at Santa Clara University and distributed by the NCEO, is part of the CEPI’s GPS (Guidance, Procedures, Systems) series. It gives stock plan professionals much-needed guidance about the unique aspects of performance awards and how those issues must be addressed in administration, employee communication, and financial reporting. Offering very specific and practical guidance and reading almost like a primer on managing performance plans, this publication is a comprehensive resource for companies presently offering performance awards and a must-read for companies considering performance awards.