September 13, 2016
Mitigating Risk for Insiders with 10b5-1 Plans
Our popular “Meet the Speaker” series, featuring interviews with speakers at the 24th Annual NASPP Conference, is great way to get to know our many distinguished speakers and find out a little more about their sessions in advance of the Conference.
For today’s “Meet the Speaker” interview, we feature Christine McCasland of Morgan Stanley, who will lead the session “Mitigating Risk for Insiders with 10b5-1 Plans”
Here is what Christine had to say:
NASPP: What is the most critical thing NASPP Conference attendees need to know about Rule 10b5-1 plans?
Christine: When looking at 10b5-1 plans, the role of the company and the board is increasing. This includes the adoption of specific 10b5-1 policies. Our survey found that 98% of companies are involved in reviewing and approving their 10b5-1 plans to some degree. Additionally, 67% of boards approved their companies insider trading policies, which often includes restrictions on the terms of the 10b5-1 plans.
NASPP: What is a common mistake companies make when it comes to Rule 10b5-1 plans and how can they avoid this?
Christine: A common mistake for a company is not developing an organized process, in particular not consolidating their insiders’ 10b5-1 plans. A brokerage firm can help a company achieve its objectives, manage its population, and simplify its process. Also it can help to retain one brokerage firm who has the capability of centralizing the transactions for all of a company’s insiders on one plan management platform.
NASPP: What is the silver lining to your session?
Christine: This survey gives us up-to-date benchmarking where we didn’t have benchmarking before.
NASPP: What is something people don’t know about you?
Christine: I’m not only from a large family of six boys and three girls, but one of my six brothers is also my twin!
Don’t miss Christine’s session, “Mitigating Risk for Insiders with 10b5-1 Plans,” at the NASPP Conference!
About the NASPP Conference
The 24th Annual NASPP Conference will be held from October 24-27 in Houston. This year’s program features close to 100 sessions on today’s most timely topics in stock and executive compensation; check out the full agenda and register today!