A Review of the New Insider Trading, 10b5-1 and Option Grant Disclosure Rules

On March 14, Skadden hosted “A Review of the New Insider Trading, 10b5-1 and Option Grant Disclosure Rules,” the sixth and final installment of our annual SEC Reporting & Compliance and Corporate Governance webinar series. Skadden speakers included Washington, D.C. M&A partner Kady Ashley, New York executive compensation and benefits partner Shalom Huber and SEC reporting and compliance counsel Caroline Kim. A managing director from Goldman Sachs also provided external insights. The webinar explored the latest amendments to Rule 10b5-1, including cooling-off periods and changes to plan forms, as well as best practices going forward; new disclosure requirements regarding insider trading policies and procedures and 10b5-1 plans; updated disclosure requirements involving option grants made close to the release of material nonpublic information; the new electronic filing requirements for Form 144; and implementation timelines and suggested next steps for issuers.