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The SEC’s New 10B5-1 Rules and Emerging Insider Trading Policy Best Practices  


Author:  Michael L. Arnold.; Lisa M. Kohl.


Source: Volume 56, Number 11, June 1 2023 , pp.151-156(6)




Review of Securities & Commodities Regulation

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Abstract: 

In this article, the authors explain recently adopted amendments to Rule 10b5-1 and related disclosure rules, and share insights into best practices that have emerged as companies update existing insider trading policies as a result of the new rules.

Keywords: Insider Trading Arrangements and Related Disclosures; Cooling-Off Periods; Overlapping and Single-Trade Plans; “Good Faith” Requirement; Gifts of Securities

Affiliations:  1: Cravath, Swaine & Moore LLP; 2: Cravath.

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