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EquityCompensationRelease

Object - Equity Compensation Release Transaction#

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

Description: Object describing equity compensation security release transaction

Data Type: `Includes Backwards Compatibility Alias(es)
- OCF Object - TX_PLAN_SECURITY_RELEASE
- OCF Object - TX_EQUITY_COMPENSATION_RELEASE

Composed From:

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 Constants (Backwards Compatibility): TX_PLAN_SECURITY_RELEASE, TX_EQUITY_COMPENSATION_RELEASE
Defined in schema/enums/ObjectType
Object type field REQUIRED
date schema/types/Date Date on which the transaction occurred REQUIRED
security_id STRING Identifier for the security (stock, plan security, warrant, or convertible) by which it can be referenced by other transaction objects. Note that while this identifier is created with an issuance object, it should be different than the issuance object's id field which identifies the issuance transaction object itself. All future transactions on the security (e.g. acceptance, transfer, cancel, etc.) must reference this security_id to qualify which security the transaction applies to. REQUIRED
settlement_date schema/types/Date The settlement date for the shares released, typically after the release transaction date REQUIRED
release_price schema/types/Monetary The release price used to determine the value of the security at the time of release REQUIRED
quantity schema/types/Numeric Quantity of shares released REQUIRED
consideration_text STRING Unstructured text description of consideration provided in exchange for security release -
resulting_security_ids [STRING] Identifier of the new security (or securities) issuance resulting from a release transaction REQUIRED

Source Code: schema/objects/transactions/release/EquityCompensationRelease

Examples:

[
  {
    "object_type": "TX_EQUITY_COMPENSATION_RELEASE",
    "id": "test-plan-security-release-minimal",
    "security_id": "387878ba-8fb6-4673-812e-32c092947899",
    "date": "2017-07-22",
    "settlement_date": "2017-07-22",
    "quantity": "9000",
    "release_price": {
      "amount": "9.00",
      "currency": "CAD"
    },
    "resulting_security_ids": []
  },
  {
    "object_type": "TX_EQUITY_COMPENSATION_RELEASE",
    "id": "test-plan-security-release-full-fields",
    "security_id": "387878ba-8fb6-4673-812e-32c092947899",
    "date": "2017-07-22",
    "settlement_date": "2017-07-25",
    "quantity": "9000",
    "release_price": {
      "amount": "9.00",
      "currency": "CAD"
    },
    "consideration_text": "9.00 CAD",
    "comments": [
      "Release the securities"
    ],
    "resulting_security_ids": [
      "resultant-security-id-1",
      "resultant-security-id-2"
    ]
  }
]

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