StockPlan

Object - Stock Plan#

https://raw.githubusercontent.com/Open-Cap-Table-Coalition/Open-Cap-Format-OCF/main/schema/objects/StockPlan.schema.json

Description: Object describing a plan which stock options are issued from

Data Type: OCF Object - STOCK_PLAN

Composed From:

schema/primitives/objects/Object

Properties:

Property	Type	Description	Required
id	`STRING`	Identifier for the object	`REQUIRED`
comments	[`STRING`]	Unstructured text comments related to and stored for the object	-
object_type	Constant: `STOCK_PLAN` Defined in schema/enums/ObjectType	Object type field	`REQUIRED`
plan_name	`STRING`	Name for the stock plan	`REQUIRED`
board_approval_date	schema/types/Date	Date on which board approved the plan	-
stockholder_approval_date	schema/types/Date	This optional field tracks when the stockholders approved this stock plan. This is intended for use by US companies that want to issue Incentive Stock Options (ISOs), as the issuing StockPlan must receive shareholder approval within a specified time frame in order to issue valid ISOs.	-
initial_shares_reserved	schema/types/Numeric	The initial number of shares reserved in the pool for this stock plan by the Board or equivalent body.	`REQUIRED`
default_cancellation_behavior	`Enum - Stock Plan Cancellation Behavior Type` Description: For a given stock plan, what is the default rule for what happens to the shares reserved for a Plan Security after it's cancelled. ONE OF: • RETIRE • RETURN_TO_POOL • HOLD_AS_CAPITAL_STOCK • DEFINED_PER_PLAN_SECURITY	If a security issued under this Stock Plan is cancelled, what happens to the reserved shares by default? NOTE: for any given security issued from the pool, the Plan's default cancellation behavior can be overridden by subsequent transactions cancelling the reserved stock, returning it to pool or marking it as capital stock. The event chain should always control - do not rely on this field and fail to traverse the events.	-
stock_class_id	`STRING`	[DEPRECATED in favor of stock_class_ids] Identifier of the StockClass object this plan is composed of.	-
stock_class_ids	[`STRING`]	Identifiers of StockClass objects this plan is composed of	-

Source Code: schema/objects/StockPlan

Examples:

[
  {
    "object_type": "STOCK_PLAN",
    "id": "257e5da9-5268-465c-84be-f6d4d4703a9b",
    "plan_name": "2021 Stock Incentive Plan",
    "board_approval_date": "1983-12-31",
    "initial_shares_reserved": "+10000000.00",
    "default_cancellation_behavior": "RETURN_TO_POOL",
    "stock_class_ids": [
      "8d8371e8-d41d-4a49-9f42-b91758fd155d"
    ],
    "comments": [
      "Using new form of SOP released by Firm Y's benefits & comp team on 10/10/2021."
    ]
  }
]