Rule 10b5-1 and Share Repurchase Disclosure Proposals

Various academic studies and some well-publicized sales by corporate executives made pursuant to 10b5-1 trading plans have drawn media scrutiny and attention from legislators, prompting calls for the SEC to take a closer look at the area. In addition, issuer share repurchase programs have been criticized by some politicians and media reports. On December 15, 2021, the SEC proposed amendments to Rule 10b5-1. On the same day, the SEC also proposed enhanced disclosures of share repurchases by issuers. During this webinar, Mayer Brown lawyers will discuss the use of Rule 10b5-1 trading plans including by issuers, corporate policies relating to trading plans, and issuer share repurchase programs, as well as the potential impact of the proposed amendments. Specifically, they will cover:

• Rule 10b5-1 basics;
• Proposed SEC amendments;
• Share repurchase disclosure proposed amendments;
• Areas as to which the SEC solicited comment;
• Best practices for public companies; and
• What to expect in the months ahead on these issues.

CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.