Laura H Posner

July 23, 2021 | New York Law Journal

The law should be modified to require that it be public whether a 10b5-1 plan exists and include the date it was entered into; all 10b5-1 plans be approved by a company's compensation committee; and most critically, the owner of the plan must be blind to the dates and/or strike prices for purchases and sales set forth in their plan, so that they are not incentivized to improperly keep material news from investors.

By Laura H. Posner and Megan Kinsella Kistler

6 minute read