Introduction
Managing the exercise of stock options is a critical responsibility for equity administrators. This comprehensive guide walks you through Ledgy's streamlined process for equity settlements, helping you transform vested options into shares efficiently and accurately. From initiating the transaction to generating legal documentation and notifying stakeholders, you'll learn how to handle the entire exercise workflow while maintaining proper documentation and transparency throughout the process.
Go to the Ownership > Transactions page, search for the stakeholder whose options need to be exercised. Click the three-dot icon on the right of the transaction and select Equity settle Options from the menu.
In the Equity settle Options window, input the relevant exercise information like Date, Grant units to settle, Settlement method, etc.
Under Documents & signatures, select the template to use to generate the exercise documentation. To generate the exercise document and draft signature request, enable the functions Create transaction documents from templates and Prepare signature requests for template documents.
Alternatively, you can choose to attach the exercise document directly on the transaction if it's already been signed outside of Ledgy. Simply toggle
After completing all required fields, click Create to generate your equity settlement transaction in Draft status. Review the details for accuracy, then click the Publish button in the top-right corner to finalise the transaction. Once published, the transaction will become visible to the stakeholder in their dashboard.
Note: Stakeholders with employee dashboard access will only see their equity settlement once the transaction is published.