Surveys - Stock Awards and Long-term Incentives (LTIs)
2019.11 Frederic W. Cook's Top 250 LTIP Report. This 24-page report is rich with data about grant-making practices relating to stock options, restricted shares, and performance award. One stand-out data point indicates the extent to which better governance practices have shaped awards away from stock options toward performance awards (the latter being offered by 94% of surveyed companies).
2019.06.19 ClearBridge 100 Report about Annual Incentive and Long-term Incentive Plans. See this 23-page report for survey data about plan design terms such as the following quoted from the report:
2019.04.11 Equilar on LTIP Awards and Measures. See this Harvard Law Blog for significant data drawn from Equilar's recent report. Here are a few notable findings:
2017.08.25 FW Cook Top 250 Report (Equity Awards). The 45th edition of this comprehensive report includes finding such as the following:
2016.12 Arthur J Gallagher's Comprehensive LTI and STI Study. Some sense of the comprehensive data available in this report appear in the following excerpts re LTI (equity compensation plans):
2016.08 PwC's 2016 Stock Compensation Survey. See this 35 page report, which includes numerous insightful findings, such as these that remained about the same for 2014 and 2015:
2016.May.04 "Trends and Developments in Executive Compensation" - This Meridian Partners Report provides data focused on the preparation process (such as steps taken in anticipation of ISS review), and includes findings such as the following (drawn from 143 public companies):
2015.Dec. Long-Term Incentive Grant Practices for Executives. This Harvard Law Blog relates to a 2015 Top 250 Report, by Frederic W. Cook, which provides detailed data about the use of stock options, restricted stock, and performance awards by the top 250 companies in the S&P500. For instance, the report's findings include the following (with italics here showing text quoted from the report):
2014.Dec.10 Study of Top 200 Public Companies
See the Gallagher Study of 2013 Short- and Long-Term Incentive Design Criterion among Top 200 S&P 500 Companies.
2014.Oct.31 Performance Awards - Relative Total Shareholder Return Surges
This FW Cook report focuses on how the top 250 U.S. companies structure their performance awards. Since 2010, the use of relative total shareholder return (TSR) has increased from 29% of awards to 49%, with 93% of performance periods being for three (3) years.
2014.Sept Stock Compensation Study from PwC
See this PwC Stock Compensation 2014 Assumption and Disclosure Study.
2014.Feb Private Company Equity and Phantom Awards - for detailed results, see pages 18 and following of this world at work survey.
2013.Dec. LTI Survey of Top 100 Companies re Performance Award Design. This ClearBridge survey of 2011-12 proxy statements provides data such as the following:
2013.May LTI and Equity Awards: Survey Data re what is being awards, performance measures, vesting, etc. - see pages 19-25 of this Meridian Partners Report for excellent detailed data.
2012.Dec Performance Awards Work, per Survey of Fidelity Stock Plan Clients. Here are quotations of research highlights from a survey covering 2006-2011 for 89 companies:
2012.Oct Survey of Top 250 Companies - Frederic W. Cook Report.
2012.Jan Survey Data. Below are links to surveys that generally reflect the following observations:
For public companies, 10% of equity continues to be the norm for stock-based plans.
For plans funded by private equity, less than 10% for equity tends to be more common due to more judicious use and employer leverage, with 5 to 7.5% being closer to the norm in my experience.
For start-ups, 15% to 25% of equity tends to be common, with the increased percentage this is consistent with private companies reserving more for equity awards because more use of stock options and cash conservation.
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