In January 2004, Mark Webbink, then-general counsel for software maker Red Hat Inc., entered into a plan designed to put his stock trades on autopilot.

Broadcom Corp.’s general counsel, David Dull, made a similar move the following year — as have executives at more than 35 percent of S&P 500 companies, according to a 2006 study by Equilar compensation consultants.

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