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Survey Results: Timing of Option Grants

1. At our company, the granting of options to executive officers is conducted by (presumes proper delegation from the board): (Total responses: n=34)
(select only one)
n=31 (91.18%) compensation committee
n=1 (2.94%) chair of the compensation committee
n=0 (0.00%) non-executive chair or lead director
n=0 (0.00%) human resources department
n=2 (5.88%) CEO

2. At our company, options are granted to the CEO based on this timing (note this question doesn't take hiring grants into account): (Total responses: n=34)
(select only one)
n=21 (61.76%) annually at a meeting of compensation committee, whose meeting is around the same time each year
n=10 (29.41%) periodically at meetings of compensation committee
n=2 (5.88%) at the discretion of other person(s) with delegated authority to grant options
n=1 (2.94%) options automatically granted by a formula (set by a plan or otherwise)
n=0 (0.00%) we don't grant options to the CEO

3. At our company, options are granted to directors based on this timing: (Total responses: n=33)
(select only one)
n=11 (33.33%) annually at a meeting of compensation committee, whose meeting is around the same time each year
n=1 (3.03%) periodically at meetings of compensation committee
n=1 (3.03%) at the discretion of other person(s) with delegated authority to grant options
n=13 (39.39%) options automatically granted by a formula (set by a plan or otherwise)
n=7 (21.21%) we don't grant options to directors

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