<p><span>Good morning and hearty welcome to the incoming leadership of the Investor Advisory Committee, including Brian Schorr as Chair, Colleen Honigsberg as Secretary, James Andrus as Chair of the Investor as Owner Subcommittee, and Jamila Abston Mayfield as Chair of the Investor as Purchaser Subcommittee. They will join Brian Hellmer, Andrew Park, and Paul Roye, who will continue leading the other subcommittees and working groups.</span></p>
The SEC adopted amendments to Rule 10b5 1. Section 16 reporting persons will be required to comply with the amendments to Forms 4 and 5 for beneficial ownership reports filed on or after April 1, 2023. Companies should assess the impact on their insider trading policies.
Major changes may be on the horizon for "Rule 10b5-1" plans, which allow company insiders to sell their company's stock (often an important piece of an employee's compensation package).
Major changes may be on the horizon for Rule 10b5-1 plans, such as cooling-off period requirements for directors and officers, limiting single-trade plans, limiting overlapping plans and public disclosure of Rule 10b5-1 plans and insider trading policies.