Many companies that grant equity to employees rely on sell-to-cover to collect employee tax obligations associated with restricted stock releases. While widely used, this approach can result in unexpected short-term capital gains or losses and may reduce the overall value employees ultimately retain from their equity awards.

Join this webinar where we’ll explore the challenges of traditional sell-to-cover strategies and how they impact key stakeholders — including employees, stock plan administrators and executive leadership.

We’ll then introduce our innovative Sell-to-Cover Wave Sale Platform that leverages real-time weighted average sale prices to improve tax withholding accuracy, streamline administration and often help participants retain more value from their restricted stock releases.

What you’ll learn:

• Background and evolution of the sell-to-cover approach to collect taxes
• How sell-to-cover impacts employees, stock plan teams and leadership
• How wave sale execution improves tax withholding accuracy
• How waves sales work within the typical broker/issuer ecosystem

Andrew Gorder, Director, Baker Tilly

Andrew has worked in finance and accounting since 1989. He focuses on business and relationship management, creating sales programs, providing business-wide training, organizational strategy development, product definition, and technical direction.

Prior to joining Moss Adams, Andrew worked in the stock plan services group at a multinational financial services company. He also held management positions in the firm's brokerage, retirement, independent advisor services groups, as well as its trust company. Andrew holds Series 7, 24, and 63 licenses.

Tim Oakes, Principal, Baker Tilly

Since 1996, Tim has developed technology systems and applications to help companies manage employee human relations, compensation, and equity compensation processes. He’s a leader of the firm’s Business Solutions Group, which delivers leading-edge technology solutions for clients across a variety of industries.

Tim has experience managing and conducting all aspects of system development projects, including business justification and requirements, business process design, development and testing, production rollout and implementation, system stabilization, and ongoing enhancements. His strong application development background is complemented by his deep business consulting experience.

Jesus Renteria, Senior Manager, Baker Tilly

Jesus is a senior manager in the Business Systems Group, specializing in software development and equity compensation. Since 2015, he has been involved in equity compensation operations, accounting, and software quality assurance.

Jesus has extensive experience in various equity compensation instruments including options, restricted stock, performance, and employee stock purchase plans (ESPPs). He has worked in software development teams in both Scrum Master and quality assurance roles and has experience in, SQL, Selenium, and C#. Before joining the firm, he worked for an equity compensation software solutions company in California.