Change of Plans: New Conditions, Limitations, and Disclosure Requirements for 10b5-1 Plans and Equity-Based Compensation

In December 2022, the SEC made changes to the rules affecting 10b5-1 plans and Section 16 insiders, adding cooling-off periods, preventing overlapping plans, adding disclosures, and more. Read this article for an overview of the changes and links to the adopting release and relevant content on Practical Guidance.

Read now »

Related Content

• Rule 10b5-1 Plans
  Read about their purpose, how to draft and review them, and disclosures for Rule 10b5-1 plans.

• 10b5-1 Plans Best Practices Checklist
  Check off these items when preparing or modifying a 10b5-1 plan.

• Preparing Share Ownership Guidelines and Share Retention Policies
  Review this practice note to aid your drafting or review of these policies.

• Insider Trading Memorandum
  Explain to the board of directors the rules and obligations relating to insider trading.

Practical Guidance Updates 
Featuring the latest updates from your Practical Guidance account. 

• Listen up! Access our growing collection of podcasts by navigating to the Practical Guidance and Law360 Podcasts Resource Kit.
• Share fundamental guidance with your firm’s associates to help them sharpen their research and writing skills, get the inside scoop on first year associate survival, and hit the ground running in your practice area(s). Review the resources in the First Year Associate Resource Kit: Capital Markets & Corporate Governance.
• Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
• The Practical Guidance Journal Climate Change Special Edition features guidance on insuring for climate change, renewable energy initiatives, and a guide for public and private projects related to sea level rise.
• Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 22 practice areas, and find out how you can Become a Practical Guidance Author.
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+