T+1 Settlement & Equity Award Tax Withholding
The Pay & Proxy Podcast
Troutman Pepper Partner Sheri Adler recently joined Meredith Ervine on The Pay & Proxy Podcast from Compensation Standards, to discuss the upcoming shift to T+1 settlement and the impact on equity award tax withholding. The podcast can be accessed here. Topics discussed include:
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When tax becomes due for common types of equity awards;
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Withholding methods for employers;
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Employer responsibilities for depositing federal income tax withheld;
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Potential penalties for a failure to timely deposit;
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New timing for depositing tax following the shift to T+1 settlement;
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Actions and considerations before the May 28 effective date of T+1 settlement.