When The Financial Accounting Standards Board last month delivered its final statement on share-based payments, most news accounts focused on the impact on stock options, which now must be expensed in the first annual reporting period beginning after June 15, 2005.
Generally overlooked, however, is how the new standard—officially called Statement No. 123: Share-Based Payment—might impact other forms of executive compensation. According to experts, at least two of the most common types of equity awards—restricted stock and stock purchase plans—will be impacted in very different ways.
