In an uncertain economic climate and with venture financing for some sectors becoming harder to raise, private company valuations have generally been in decline over the past year. As a result, companies reliant on stock options to recruit, retain and incentivize key employee talent may now be considering repricing options with exercise prices in excess of current fair market value as a means to realign critical employee incentives. Though repricings can be relatively straightforward, there are a number of business and legal considerations that any private company must balance as it evaluates whether and how to implement a repricing of underwater stock options, including the (often surprising) consideration that the consent of option holders may be required.
Join partners from WilmerHale’s Executive Compensation and Employee Benefits, Tax, and Corporate practices for an interdisciplinary discussion of how to avoid traps for the unwary and effect a successful repricing.
During the webinar, participants will have the opportunity to contribute questions online. CLE credit will be provided.
Register for this webinar.
*CLE credit is not available for those who watch a recording of the webinar.