Stock Appreciation Rights implementation must specify settlement method; fractional shares paid in cash and required disclosures provided. Regulation 23 requires SAR scheme documents to state implementation and operational mechanics, permits companies to choose cash or equity settlement, ... Summary
Stock Appreciation Rights implementation must specify settlement method; fractional shares paid in cash and required disclosures provided.
Regulation 23 requires SAR scheme documents to state implementation and operational mechanics, permits companies to choose cash or equity settlement, mandates cash payment for any fractional shares arising on equity settlement, and prohibits offering SARs without making the Board specified disclosures to prospective grantees.
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