On 24 November 2020, the Securities and Exchange Commission (SEC) proposed rules that would significantly modernize and simplify the ability of companies to grant equity compensation to their workers under Rule 701 of the Securities Act of 1933 (Rule 701) and on the Form S-8 Registration Statement (Form S-8). The SEC noted that the proposed rules were appropriate “in light of the significant evolution in compensatory offerings” since the SEC last substantively amended the existing rules. This client alert summarizes the key aspects of these proposed rules. READ MORE