Bronx New York Adoption of Restricted Stock Plan of RPM, Inc.

Name: Bronx New York Adoption of Restricted Stock Plan of RPM, Inc.
Brand: US Legal Forms
Rating: 4.57 (266 reviews)

Category:

Corporations - Public - Stock Options

State:

Multi-State

County:

Bronx

Control #:

US-CC-18-199A-NE

Format:

Instant download

Description

This sample form, a detailed Adoption of Restricted Stock Plan, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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FAQ

Restricted stock is non-transferable and must be traded in compliance with special Securities and Exchange Commission (SEC) regulations. The restrictions are intended to deter premature selling that might adversely affect the company.

Speaking of selling shares, if your vested RSUs from the old company are sold to buy shares of the new company, this also is a taxable event. Fortunately, it is treated as capital gains. A common event is RSUs are exchanged from the old company to the new one.

Restricted stock units are issued to employees through a vesting plan and distribution schedule after they achieve required performance milestones or upon remaining with their employer for a particular length of time. RSUs give employees interest in company stock but no tangible value until vesting is complete.

Some companies will pay dividend equivalents on the RSUs. Companies can let dividends accrue and use these funds to cover some of the taxes due at vesting. Once they vest and the shares are distributed, the recipient is taxed on the value of the shares at the time of vesting.

Restricted and unrestricted stocks are important components of corporate executive compensation packages. Restricted stocks have particular conditions that must be fulfilled before they can be transferred or sold, whereas unrestricted stocks have no such conditions. There are two types of restricted stocks.

Short-term is considered 1 year or less, which is 365 days or less. The short-term holding period is taxed at ordinary income tax rates. Long-term is considered more than 1 year, which is more than 365 days. The long-term holding period is taxed at long-term capital gains tax rates.

Upon vesting, RSUs are assigned a fair market value. The Internal Revenue Service considers RSUs fully taxable upon vesting. After a portion of the stock shares is withheld to pay taxes, the employee receives the balance of the shares and may sell them at their discretion. An ESPP is an employee stock purchase plan.

Advantages. RSUs provide an incentive for employees to stay with a company for the long term and help it perform well so that their shares increase in value.

A Restricted Stock Award Share is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest (or lapse in restrictions). The restricted period is called a vesting period.

A Restricted Stock Plan is a common way to share stock with employees in public companies. The shareholder approved plan simply allows for the issuance of stock to selected employees. Unlike stock options, employees receive the full starting value of the shares.

Bronx New York Adoption of Restricted Stock Plan of RPM, Inc.

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