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SVC NASPP: April 29th Meeting (Webcast) - Dealing with Dividends

April 29, 2020

11:30 AM to 1:00 PM PST


 
Dealing with Dividends: Secrets of a Successful Dividend and Dividend Equivalent Program?

Speaker Information

Denise Glagau

Partner, Baker McKenzie
 

Denise Glagau is a partner in the Employment and Compensation practice at Baker & McKenzie LLP.  Denise advises multinational companies on the tax and legal issues related to offering employee share plans and other incentive compensation programs in their home countries and on a global basis. Denise works with public and private companies to design equity plans, draft award documentation, review and deal with tax considerations, comply with securities registration, exchange control and other regulatory requirements, minimize labor law exposure, and address data privacy concerns and other compliance issues associated with offering employee equity and other incentive plans around the world.   She also advises companies on the implications of corporate transactions on equity plans and awards, including assisting with tax rulings, regulatory filings and employee communications. 
 

Denise is a member of the National Association of Stock Plan Professionals (NASPP) and the Global Equity Organization.  She serves on the Advisory Board of the Certified Equity Professionals Institute and as secretary on the board of directors of the San Francisco NASPP Chapter.  She has authored several articles and is a frequent speaker on topics of interest for legal and other professionals dealing with share plan issues.

 
Sinead Kelly

Partner, Baker McKenzie
 

Sinead Kelly is a partner in Baker McKenzie's Compensation practice in San Francisco. She advises on U.S. executive compensation and global equity and has practiced in the compensation field since 2005. In her practice, Sinead counsels U.S. and non-U.S. public and private companies on all aspects of equity and executive compensation plans and arrangements, including plan design, drafting, administration and governance. In this regard, Sinead advises on and assists companies with compliance with U.S. federal and state securities and tax laws relating to compensation arrangements, as well as with preparing SEC disclosures, complying with stock exchange rules and addressing non-U.S. tax and regulatory requirements. She has been repeatedly recognized by Legal 500 as a leading lawyer for Executive Compensation and Employee Benefits. She is a member of the State Bar of California and the Law Society of England and Wales. She has an LL.B. from Queen's University Belfast and an LL.M. from the University of California, Hastings College of the Law.

David Pilson

Associate General Counsel - Global Compensation, Benefits, and Equity Compliance, eBay
 

David Pilson is the Associate General Counsel -  Global Compensation, Benefits, & Equity Compliance at eBay Inc.  His team is responsible for all aspects of executive compensation, employee benefits, equity compliance, and stock administration in the countries where eBay operates.  David also manages eBay's dividend and dividend equivalent programs and is responsible for equity-related SEC reporting matters.  Before eBay, David practiced at a multinational firm where he counseled Fortune 100 companies with respect to their employee benefit and compensation arrangements.  He also worked as an FP&A analyst at ConocoPhillips Inc. prior to law school.  David holds a degree in Economics from Stanford University and a law degree from the University of Georgia School of Law. 

Event Details

When the economy is booming (yes, we are hopeful that will happen again), the topic of paying dividends may become inevitable for maturing companies. But a company's decision to pay dividends sets in motion a plethora of design considerations - including whether to pay dividend equivalents on outstanding and/or new equity awards, whether to pay such dividend equivalents in cash, stock or additional awards, whether to implement a dividend reinvestment program, and in markets such as the present, whether to reduce or suspend dividend payments - not to mention a long list of action items, particularly when a company launches dividends and dividend equivalents on a global basis. This case study - featuring eBay Inc. which paid its first dividend in March 2019 - will discuss the decision process leading to the payment of dividends on shares and dividend equivalents on equity awards and will delve into the implications of paying dividends and dividend equivalents globally, including: tax withholding and W-8BEN requirements, regulatory requirements, accounting issues, employee communications and effective administration. Dividends and dividend equivalents can provide a great benefit to shareholders and employee equity award holders but can also create great headaches for the stock administration, legal and tax teams - find out how one company has worked to maximize the benefits while minimizing the headaches. 

Fee Structure

Presentation: 11:30am to 1:00pm

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Meeting Fees:
$0.00 for NASPP Members
$10.00 for Non-NASPP Members


Those who preregister and choose not to use PayPal, please mail checks to: SVC NASPP, PO Box 60865, Sunnyvale, CA 94088-0865


Pre-registration closes on the Tuesday before the meeting. Payments must be received by the Tuesday prior to the meeting. For registration questions email registration@svcnaspp.com with your inquiry. 

   

If you do not send your cancellation notice by the Registration Deadline any payment received will not be refunded.

 

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The National Association of Stock Plan Professionals is the largest and oldest professional association for the stock and executive compensation community, with over two decades of leadership providing expert resources, education and other benefits for our more than 6,000 members across 32 affiliated chapters.

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