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Western PA NASPP Chapter 11/07/18 Event

November 07, 2018

2:30 - 4:30

Event Contact

Joe Steitz


CNX Resources Corporation
CNX Center, 1000 CONSOL Energy Drive
Canonsburg, PA 15317
Insider Trading Policies – Current Practices and Hot Topics - with Morgan Stanley and Shearman & Sterling

Speaker Information

Steve Giove is a partner at Shearman & Sterling, a leading global law firm.  He regularly advises public companies on a wide variety of securities law and corporate matters.  He is the co-founder of his firm’s corporate governance advisory group, which publishes an annual corporate governance survey.  His practice is principally focused on counseling corporate clients with respect to strategic, governance, financing and public company matters.  He is a frequent speaker on a wide variety of governance matters, including insider trading policies, Rule 10b5-1 plan practices and board diversity.
Arielle Katzman is a senior associate in the Capital Markets group in the New York office of Shearman & Sterling. Arielle’s practice focuses on securities transactions and corporate governance advisory work.
Jonathan Scott Posner is a Corporate Client Group Director, Financial Advisor and Senior Vice President at Morgan Stanley. Over the past 10 years, The Posner Group at Morgan Stanley has overseen over 400 clearance approvals (exclusive of 10b5-1 trading plans) for multiple issuers, representing over 7.2 million shares transacted and over $334 million in total market value.  Jon entered the investment business in 1995 and has spent his entire career with Morgan Stanley.  He has a bachelor’s degree from Brandeis University, graduating magna cum laude, a law degree from Boston University School of Law and a Masters of Business Administration with honors from Boston University’s Graduate School of Management. Jon manages the daily operations of The Posner Group, and focuses primarily on corporate and executive benefit services and stock plan services.  In March of 2015, Jon was named to The Financial Times’ 2015 list of America’s Top 400 Financial Advisors.
Rich Baker, Executive Director, CEP, heads the Rule 10b5-1 Plan Management team for Morgan Stanley’s market leading Executive Financial Services desk.  He specializes in helping key insiders effectively leverage Morgan Stanley’s tools and services in order to navigate the complex landscape of insider trading regulation and reporting requirements.
Rich joined Morgan Stanley in 2008 after completing his MBA at Pace University, where he was given the Finance Department Award, and named the Birnbaum Scholar. As a Certified Equity Professional, he is active in the industry, whether speaking at conferences or helping the Certified Equity Professional Institute develop and set standards for their certification exams. He is an active board member of One Spirit, a nonprofit organization dedicated to poverty alleviation and economic development on the Pine Ridge Reservation in South Dakota, and regularly volunteers for the Kellogg-Morgan Stanley Sustainable Investing Challenge, and SIFMA’s InvestWrite Competition.

Event Details

Wednesday, November 7, 2018
2:30 PM - 3:00 PM | Registration
3:00 PM - 4:30 PM | Presentations
4:30 PM - TBD | Networking Reception

This panel will focus on current topics on insider trading policies in light of recent events, including the opening and closing of trading windows, disclosure of company policies (e.g., policy disclosure on corporate websites), questions about the scope of insider trading policies (e.g., do they address 10b5-1 plan usage) and policy administration.

This presentation also will include a discussion of examples when the preclearance process breaks down.
Shearman & Sterling also will make a presentation on Board Diversity – Current Thoughts. This panel will focus on the current state of board diversity and the forces driving it, impediments to achieving diversity, ideas on how to improve board diversity, the potential use of corporate governance policies and practices to increase board diversity and communication of diversity to various constituencies (e.g., through a board skills matrix).


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77 Hot Metal Street
Pittsburgh, PA 15203



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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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