Wisconsin Director stock program

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-172
• Format: Word; Rich Text

Description

18-172 18-172 . . Director Stock Program which provides that, on first day of director's term, such director will be granted option to acquire 900 shares of common stock, and on first day of each subsequent year of director's term, he or she will be granted options to acquire 300 shares of common stock. Options are at fair market value on date of grant and are exercisable in full six months after date of grant. The Director Stock Program also provides that, on first day of director's term, he or she will be awarded right to purchase 450 shares of restricted stock, and on first day of the second and third year of such director's term, he or she will be awarded right to purchase 150 shares of restricted stock. Purchase price will be equal to par value of common stock The Wisconsin Director Stock Program is a unique initiative designed to attract and retain top talent for the state's director positions. It aims to provide an attractive compensation package that includes stock options to incentivize and reward high-performing individuals who serve as directors in various government agencies within Wisconsin. One of the prominent types of the Wisconsin Director Stock Program is the Equity-Based Compensation Plan. This plan offers eligible directors the opportunity to earn equity in the form of stock options, allowing them to become part-owners in the organizations they manage. This ensures that directors have a vested interest in the long-term success and growth of these agencies, fostering a stronger commitment towards achieving their goals and objectives. The Equity-Based Compensation Plan not only enhances the compensation package for directors but also promotes a sense of ownership and accountability. Another type of the Wisconsin Director Stock Program is the Restricted Stock Unit (RSU) Program. Under this program, eligible directors are awarded a specified number of RSS, which represent shares of the organization's stock that will be granted to them upon meeting certain conditions or vesting periods. RSS are usually subject to time-based vesting, performance-based vesting, or a combination of both, ensuring that directors are motivated to stay with the agency and deliver exceptional results over the long term. Furthermore, the Wisconsin Director Stock Program includes a Performance Stock Option (PSO) Plan as well. This plan provides eligible directors with stock options that are contingent upon achieving predetermined performance targets. By aligning the director's compensation with the agency's performance goals, the PSO Plan encourages directors to drive productivity, efficiency, and innovation within their respective organizations. This program reinforces accountability and emphasizes the importance of measurable achievements in the director's role. In summary, the Wisconsin Director Stock Program offers multiple types of stock-based compensation plans, including the Equity-Based Compensation Plan, the Restricted Stock Unit Program, and the Performance Stock Option Plan. These innovative programs serve as powerful tools to attract, retain, and motivate top talent for director positions in Wisconsin's government agencies. By incorporating stock options into the compensation packages, the state aims to strengthen the commitment, ownership, and accountability of its directors, ultimately leading to enhanced performance and better outcomes for the people of Wisconsin.

The Wisconsin Director Stock Program is a unique initiative designed to attract and retain top talent for the state's director positions. It aims to provide an attractive compensation package that includes stock options to incentivize and reward high-performing individuals who serve as directors in various government agencies within Wisconsin. One of the prominent types of the Wisconsin Director Stock Program is the Equity-Based Compensation Plan. This plan offers eligible directors the opportunity to earn equity in the form of stock options, allowing them to become part-owners in the organizations they manage. This ensures that directors have a vested interest in the long-term success and growth of these agencies, fostering a stronger commitment towards achieving their goals and objectives. The Equity-Based Compensation Plan not only enhances the compensation package for directors but also promotes a sense of ownership and accountability. Another type of the Wisconsin Director Stock Program is the Restricted Stock Unit (RSU) Program. Under this program, eligible directors are awarded a specified number of RSS, which represent shares of the organization's stock that will be granted to them upon meeting certain conditions or vesting periods. RSS are usually subject to time-based vesting, performance-based vesting, or a combination of both, ensuring that directors are motivated to stay with the agency and deliver exceptional results over the long term. Furthermore, the Wisconsin Director Stock Program includes a Performance Stock Option (PSO) Plan as well. This plan provides eligible directors with stock options that are contingent upon achieving predetermined performance targets. By aligning the director's compensation with the agency's performance goals, the PSO Plan encourages directors to drive productivity, efficiency, and innovation within their respective organizations. This program reinforces accountability and emphasizes the importance of measurable achievements in the director's role. In summary, the Wisconsin Director Stock Program offers multiple types of stock-based compensation plans, including the Equity-Based Compensation Plan, the Restricted Stock Unit Program, and the Performance Stock Option Plan. These innovative programs serve as powerful tools to attract, retain, and motivate top talent for director positions in Wisconsin's government agencies. By incorporating stock options into the compensation packages, the state aims to strengthen the commitment, ownership, and accountability of its directors, ultimately leading to enhanced performance and better outcomes for the people of Wisconsin.