3235-AL49 201810 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3235 Securities and Exchange Commission SEC Disclosure of Hedging by Employees, Officers and Directors

The Commission proposed rules to implement section 955 of the Dodd-Frank Act, which added section 14(j) to the Exchange Act to require annual meeting proxy statement disclosure of whether employees or members of the board of directors are permitted to engage in transactions to hedge or offset any decrease in the market value of equity securities granted to the employee or board member as compensation, or held directly or indirectly by the employee or board member.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No Independent agency Not Yet Determined Pub. L. 111-203 No NPRM 02/17/2015 80 FR 8486 NPRM Comment Period End 04/20/2015 Final Action 04/00/2019 Yes Businesses None No www.sec.gov/rules/proposed/2015/33-9723.pdf Yes No Carolyn Sherman Division of Corporation Finance 3235 Securities and Exchange Commission SEC 202 551-3500 shermanc@sec.gov 100 F Street NE, Washington DC 20549