Perquisites Archives - CompanyIQ https://www.mylogiq.com/archives/tag/perquisites CompanyIQ Mon, 09 Jan 2023 23:41:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://www.mylogiq.com/wp-content/uploads/2022/02/cropped-favicon-32x32.png Perquisites Archives - CompanyIQ https://www.mylogiq.com/archives/tag/perquisites 32 32 More Companies Disclose COBRA Payments for Execs in Exit Deals https://www.mylogiq.com/archives/4221 Mon, 09 Jan 2023 23:41:42 +0000 https://www.mylogiq.com/?p=4221 Companies are increasingly disclosing provisions in separation agreements that include continuing health care coverage for departing executives, according to data from public company intelligence provider MyLogIQ. The uptick in disclosures puts the details of these plans front and center for execs and competitors. Boards mulling over retention considerations or updating change-in-control agreements may find it… Continue reading More Companies Disclose COBRA Payments for Execs in Exit Deals

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]]> Companies are increasingly disclosing provisions in separation agreements that include continuing health care coverage for departing executives, according to data from public company intelligence provider MyLogIQ.

The uptick in disclosures puts the details of these plans front and center for execs and competitors. Boards mulling over retention considerations or updating change-in-control agreements may find it useful to examine peers’ offerings, sources suggested.

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]]> 4221 The Largest Gross-Ups of 2020 https://www.mylogiq.com/archives/3484 Mon, 06 Dec 2021 19:49:35 +0000 https://www.mylogiq.com/?p=3484 In recent years, tax gross-ups, along with many other executive perquisites, have fallen out of favor with investors and been on the decline. However, the practice persists for certain members of the C-suite. Nearly a third of S&P 100 companies awarded gross-ups to at least one executive last year, while over a fifth of companies… Continue reading The Largest Gross-Ups of 2020

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]]> In recent years, tax gross-ups, along with many other executive perquisites, have fallen out of favor with investors and been on the decline. However, the practice persists for certain members of the C-suite.

Nearly a third of S&P 100 companies awarded gross-ups to at least one executive last year, while over a fifth of companies picked up portions of multiple executives’ income tax bills, according to an Agenda analysis of data from public company intelligence provider MyLogIQ. Eighteen percent of NEOs in the S&P 100 received a tax gross-up as part of their 2020 compensation. Gross-ups at companies in the S&P 100 were awarded for a range of imputed tax expenses, including expatriate taxes, relocation benefits, aircraft and security perks, and business dining expenses, to name a few.

The largest gross-up went to Joe Rainey, president of Eastern Hemisphere at Halliburton. Rainey received just over $3.5 million in tax equalization costs associated with an expatriate assignment, according to a company filing.

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]]> 3484 The Largest Financial Planning Perks for NEOs https://www.mylogiq.com/archives/3150 Mon, 15 Nov 2021 16:28:53 +0000 https://www.mylogiq.com/?p=3150 Although executive perks are declining overall, one of the more common perks offered to executives is financial planning services. Indeed, about 29% of companies in the S&P 500 provided some form of financial planning perk to executives last year, according to Main Data Group. The perk is more common among the largest companies: of the NEOs… Continue reading The Largest Financial Planning Perks for NEOs

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]]> Although executive perks are declining overall, one of the more common perks offered to executives is financial planning services. Indeed, about 29% of companies in the S&P 500 provided some form of financial planning perk to executives last year, according to Main Data Group.

The perk is more common among the largest companies: of the NEOs in the S&P 100, 39% received financial planning perks as part of their compensation package in 2020, according to an Agenda analysis of data from public company intelligence provider MyLogIQ. Within that group, companies disclosed the discrete value of the financial planning perk for 71% of the NEOs, with the median financial planning perk falling at $12,031.

One reason that financial planning services are more commonly offered to executives than other perks such as country club memberships or event tickets is that they provide a material benefit to the company, according to Irv Becker, vice chairman at Korn Ferry’s executive pay and governance practice.

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