Skadden Discusses What New SEC Insider Trading Rules Mean for Directors

The CLS Blue Sky Blog

Katherine D. (Kady) Ashley Anita B. Bandy Raquel Fox Marc S. Gerber Shalom D. Huber Caroline S. Kim

Skadden attorneys review recently modified SEC rules governing preset stock trading programs for corporate insiders. The authors discuss issues that the new rules (which take effect this year) will likely bring about and address many possible questions directors may have, including:

  • What is behind the changes?
  • How will 10b5-1 plans be affected?
  • What kind of disclosures will be required?
  • How should boards approach the changes?