Our recently published report, Rule 10b5-1 Trading Plan Guidelines: A Survey of the SV150, provides an in-depth analysis of the Rule 10b5-1 trading plan guidelines of 75 companies in the Lonergan SV150. The report examines several key elements of these guidelines including cooling-off periods, minimum terms and maximum terms
Continue Reading Rule 10b5-1 Trading Plan Guidelines: A Survey of the SV150Rule 10b5-1
Corp Fin Updates CDIs on Rule 10b5-1
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On April 25, 2025, the U.S. Securities and Exchange Commission’s Division of Corporation Finance (Corp Fin) updated its Compliance and Disclosure Interpretations (CDIs) relating to Rule 10b5-1 by issuing two new CDIs, revising 20 CDIs, and withdrawing three CDIs. Aside from the two new CDIs, this latest round of updates…
Continue Reading Corp Fin Updates CDIs on Rule 10b5-1Charter Communications Fined $25 Million for Violating Stock Buyback Related Internal Accounting Controls Requirements
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On November 14, 2023, the U.S. Securities and Exchange Commission (SEC), with two Commissioners dissenting, announced settled charges against Charter Communications Inc. (Charter) for violating internal accounting controls requirements relating to its share repurchase programs. Charter will pay a $25 million penalty to settle the SEC’s claims.Continue Reading Charter Communications Fined $25 Million for Violating Stock Buyback Related Internal Accounting Controls Requirements
Corp Fin Issues Three New CDIs on Rule 10b5-1 Amendments and Related Disclosure Requirements
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On May 25, 2023, the U.S. Securities and Exchange Commission’s Division of Corporation Finance (Corp Fin) issued three new Compliance and Disclosure Interpretations (CDIs) relating to Rule 10b5-1 and related disclosure requirements. The first two CDIs provide clarification on the transition timing for compliance with the new quarterly and annual…
Continue Reading Corp Fin Issues Three New CDIs on Rule 10b5-1 Amendments and Related Disclosure RequirementsRule 10b5-1 Amendments Spare Issuer Accelerated Share Repurchases (ASRs)
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Our timely client alert discusses the impact (or lack thereof) of impending amendments to Rule 10b5-1 on issuer structured share buy-back arrangements, such as accelerated share repurchases (ASRs). Final Rule 10b5-1 amendments, discussed comprehensively in our previous client alert, become effective on February 27, 2023. Stay tuned for further…
Continue Reading Rule 10b5-1 Amendments Spare Issuer Accelerated Share Repurchases (ASRs)