Introduction

When reviewing documents generated in the platform, you may find that some fields are not yet filled in. Dates enclosed in brackets, such as <Grant Date> are used as a placeholder and will automatically populate when any pending tasks or dependencies are completed, commonly when a document or board consent is signed. Common fields that appear as placeholders when the document is sent out for signature include fields such as <Effective Date>, <Grant Date>, and <Expiration Date>. 

In this example, the Grant Date and Expiration Date are placeholders. Once the grant has been fully signed and executed, the Grant Date will populate. Because the Expiration Date is dependent on the Grant Date, it will populate after the Grant Date is determined.

FAQs

How is the Effective Date determined?

It is set based on the last signature of the document or of the document's board consent.

How is the Grant Date determined for a platform stock grant? 

If you choose to generate grants in the platform, the date of the grant will automatically be set to the date of the generated Board Consent executed via the platform.

However, in some cases, this can be overridden. As an example, if you generate a Board Consent, it takes on the date when the last signature was received. When issuing a new grant, you can change the Grant Date to a future date. It cannot be changed to an earlier date (e.g., signing a consent in March and dating the grant to a date in February). Whatever date is on the board consent will then apply to the grants as the grant date. 

If you upload the board consent that approves the grants, you can enter the date. This date will then be applied to the generated grants and not the date when the workflow was completed. 

How is the Expiration Date field on a grant determined?

Typically, the expiration of a stock option grant is 10 years after that grant date. In certain cases, however, it can be overridden.

Fidelity does not provide legal or tax advice.

Screenshots are for Illustrative Purposes Only.

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