OptionTrax

What OptionTrax Joining Empower Means For Our Clients We wanted to follow up on Monday’s announcement with more detail on what Empower’s acquisition of OptionTrax means for our valued clients. ??Keeping What You Love About OptionTrax We will continue to provide the same award-winning service, expert human support and easy-to-use platform you rely on today.?There will be no service disruption in the technology or the people helping simplify your equity administration.?No action need be taken by administrators or plan participants at this time to continue using OptionTrax and we’ll provide updates on any important developments.? ??Making What You Love About OptionTrax Even Better The acquisition will bring additional investment, allowing for further platform enhancements and even more support. This new chapter is bringing a shiny new name and OptionTrax will become Empower Stock Plan Services.?? ??Whole New Services To Love As a dedicated business unit within Empower workplace solutions, we can help streamline the entire workplace benefit experience for our clients, including best-in-class 401(k) administration, deferred benefit plans and wealth management.?More to come on that front!??? Thank you for your partnership and your business, we’re excited to bring what you love into this new chapter and offer even more to take the time and headaches out of employee benefits.

?? September Highlights: A Month of Insight and Engagement! ?? As we wrap up September, we want to take a moment to reflect on the impactful events we've participated in this month: 1?? NASPP Educational Webinar: We had the pleasure of joining the discussion on 'Lifecycle Management and Reporting of Private Company Equity' led by Elena Thomas, MBA, CEP. Thank you to all attendees for the engaging conversations and valuable insights shared! 2?? NASPP Philadelphia Chapter Meeting: It was fantastic to connect with industry peers in Philadelphia. The discussions around equity plan management were both enlightening and inspiring. 3?? NASPP Connecticut Chapter Meeting: A big thank you to Joe Kunecki, ECA and Christine DelCervo for representing OptionTrax. Your insights and participation are invaluable to our community! 4?? Global Equity Organization NorCal Forum: Attending this event was a great opportunity to network with industry leaders and share knowledge on best practices in equity compensation. We are grateful for the chance to engage with all of you and look forward to what October has in store! Let’s keep the momentum going! ?? #Optiontrax #EquityCompensation #Networking #SeptemberRecap #NASPP #GEO

Navigating the Internal Revenue Service requirements for ISOs can be tricky. Here are some other essential points to keep in mind: - Employees who own stock representing more than 10% of voting power must receive grants with an exercise price of at least 110% of FMV at the date of grant with a life of no more than 5 years to retain tax beneficial status. - If you separate from your employer, you must exercise your ISOs within 3 months to retain beneficial tax status. - If the grant date FMV of awards first exercisable in a year exceeds $100,000, awards over that threshold lose beneficial tax status.? For example, if an award vesting 25% per year over 4 years has an aggregate value at grant date of $300,000 and the participant has no other outstanding ISOs, the full award retains its ISO status, as each year has $75,000 worth of shares first exercisable.? If an award of equal value had a vesting schedule of 50% per year over 2 years, the $100k first exercisable rule would apply and $50k of the total $150k first exercisable in a year would lose beneficial tax status. Don’t Forget Alternative Minimum Tax (AMT)! - No ordinary taxes on ISO exercise, but the compensation value must be recognized in AMT. - You won't pay both ordinary income tax and AMT. If AMT is higher, you pay that instead. - AMT is calculated on the ISO’s spread, or difference between the strike price of the award and its fair market value at exercise, aggregated across all exercised ISO shares?? - Check with your tax professional for details around an AMT Exemption and AMT Tax Rate Ensure you’re meeting these requirements to take full advantage of your ISOs. #TaxCompliance #ISOs #OptionTrax

What OptionTrax Joining Empower Means For Our Clients We wanted to follow up on Monday’s announcement with more detail on what Empower’s acquisition of OptionTrax means for our valued clients. ??Keeping What You Love About OptionTrax We will continue to provide the same award-winning service, expert human support and easy-to-use platform you rely on today.?There will be no service disruption in the technology or the people helping simplify your equity administration.?No action need be taken by administrators or plan participants at this time to continue using OptionTrax and we’ll provide updates on any important developments.? ??Making What You Love About OptionTrax Even Better The acquisition will bring additional investment, allowing for further platform enhancements and even more support. This new chapter is bringing a shiny new name and OptionTrax will become Empower Stock Plan Services.?? ??Whole New Services To Love As a dedicated business unit within Empower workplace solutions, we can help streamline the entire workplace benefit experience for our clients, including best-in-class 401(k) administration, deferred benefit plans and wealth management.?More to come on that front!??? Thank you for your partnership and your business, we’re excited to bring what you love into this new chapter and offer even more to take the time and headaches out of employee benefits.

?? The GEO's NorCal Chapter event is on the horizon, and we’re excited to be there! This event is always a great opportunity to learn and network with the best in the equity industry.? OptionTrax’s own Kenneth Lockett Jr. will be in attendance — be sure to connect with him and stay tuned for photos and event highlights! #GEO #NorCal #EquityCompensation

???More pictures are arriving from the 14th Annual Global Equity Organization NorCal Forum! It was an incredible event, and we’re excited to share more moments from the day. Special thanks to Kenneth Lockett Jr. for representing OptionTrax and connecting with so many leaders in the equity compensation space. Stay tuned as we post more highlights and memories!???? #OptionTrax #GEO #NorCalForum #EquityCompensation #EventHighlights #Networking

A big thanks to Cencora for hosting yesterday’s NASPP Philadelphia Chapter meeting and to Emily Cervino, CEP for a great, informative presentation on RSUs! Thanks also for the chance to chat on a spectacular Conshohocken rooftop!? We know Scott Miller, CEP is already looking forward to the next meeting!?

Excited to share that we’ve been acquired by Empower, which will enable us to deliver our industry leading equity compensation plan technology and expertise to even more employers! Read more: https://lnkd.in/gyqXx6bE.

?? This was Global Equity Organization NorCal! We were thrilled to have Kenneth Lockett Jr. represent OptionTrax at the 14th Annual Global Equity Organization NorCal Forum! ?? It was an incredible opportunity to connect with industry leaders and discuss the latest in global equity. Thank you to everyone who attended and made this event so valuable. We're proud to be part of a community driving innovation and excellence in equity compensation. Looking forward to more collaborations and insights! ??? #OptionTrax #GEO #GlobalEquity #EquityCompensation #Networking #Innovation

We’re thrilled to announce that Elena Thomas, MBA, CEP, our COO at OptionTrax, will be speaking at the Global Equity Organization's (GEO) Pan European Regional Event on November 13th in London! Elena will present on? "Energy Management - Self-Awareness to Prevent Career Burnout." In today's fast-paced professional world, understanding how to manage your energy effectively is essential for building and sustaining long-term success. Join us to gain insights into maintaining a healthy work-life balance and preventing burnout.