Securities,
Corporate
Apr. 28, 2017
Guidance on grants of equity to directors
In a recent decision the Delaware Court of Chancery provided guidance on grants of equity awards to directors.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
TRANSACTIONS WITH BOIRON
In In re Investors Bancorp, Inc. Stockholder Litigation, the Delaware Court of Chancery provided guidance on grants of equity awards to directors. Specifically, the court held that the approval of Investors Bancorp's stockholders of an equity incentive plan with identified limits on the number of awards that could be granted to directors under the plan constituted a ratification of the awards granted to the di...
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