SEC Amends Compensation Disclosure Rules

Law360, New York (December 27, 2006, 12:00 AM EST) -- Just a few months after passing a new set of rules governing compensation disclosure, the U.S. Securities and Exchange Commission has tightened the requirements for reporting executive stock options.

The amendment, made public on Dec. 22, aligns the SEC’s policy on options grants with that of the Financial Accounting Standards Board Statement of Financial Accounting Standards No. 123.

Under the newly revised rules, companies must report the dollar value of stock and options awards before any forfeitures over the entire period during which the executive is...
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