Question: The standardized Pay Versus Performance table, which is required under paragraph (v) to Item 402 of Regulation S-K, Executive Compensation Pay versus Performance', must be
The standardized Pay Versus Performance table, which is required under paragraph (v) to Item 402 of Regulation S-K, Executive Compensation Pay versus Performance', must be presented in a required format. In determining compensation actually paid there are various adjustments to compensation required with respect to equity awards. The following will only result in an increase in the amount reported as actual compensation for the Principal Executive Officer and the Non-Executive Officers, EXCEPT:
a. The change in fair value from the beginning of the year up to the vesting date, for awards granted in previous years that vested during the year.
b. The fair value of awards, as of the vesting date, that were granted during the year and vested in the same year.
c. The fair value of awards granted during the year that remain outstanding and unvested as of the end of that year.
d. The amount of dividends or other earnings paid during the year with respect to unvested awards that were not included in "Total Compensation" for that year.
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