SEC Proposes Disclosure Rule for Hedging Transactions by Directors, Officers and Employees

The U.S. Securities and Exchange Commission recently issued a proposed rule that would require public companies to disclose in annual proxy statements whether their employees and board members may hedge or otherwise offset any decrease in the market value of such companies’ equity securities. The proposed rule implements Section 955 of the Dodd-Frank Act and covers a broader range of transactions than typical hedging policies.

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William R. PomierskiWilliam R. Pomierski
William (Bill) R. Pomierski focuses his practice on the taxation of financial products and capital markets transactions, as well as on executive compensation matters. He is a former chair of the Firm’s Executive Compensation Practice Group. Bill advises clients on the federal income tax implications of a variety of domestic, cross-border and global financial products and related transactions. Read William Pomierski's full bio.


Anne G. PlimptonAnne G. Plimpton
  Anne (Polly) G. Plimpton has more than 35 years of experience advising public companies, venture capitalists, family offices and other investors. She concentrates her practice on insider trading and reporting under Section 16, beneficial ownership on Schedules 13D and 13G, executive compensation, related person transactions and other proxy disclosure, corporate governance, board and committee structure, institutional investor initiatives, federal and state exceptions for private financings, Financial Industry Regulatory Authority (FINRA) regulations relating to public offerings and resales of restricted securities under Rule 144. Read Polly Plimpton's full bio.


Andrew LiazosAndrew Liazos
Andrew C. Liazos heads the Firm's Executive Compensation Group and the Boston Employee Benefits Practice. Andrew focuses his practice on compensation and benefit matters, including related securities, M&A, IPO, private equity, international and litigation matters. Clients range from Fortune 500 companies to compensation committees to individual executives in employment and severance negotiations. Read Andrew Liazos' full bio.

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