SEC’s Rule on Pay Said to Omit Unvested Stock: Business of Law
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U.S. regulators are set to release a long-awaited rule requiring companies to tell shareholders how much top executives earn relative to the performance of their shares.
The new yardstick may include only part of executives’ compensation. It excludes unvested stock grants and options that can form the biggest chunk of pay years down the road, according to two people familiar with the matter, who asked not to be named because the proposal hasn’t been made public.