Page 700 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

Glossary 685

float The period of time between when a check is offered as payment and when the actual payment
is received.
floor-offset pension plan Combination defined-benefit and defined-contribution plan, with the
former providing a minimum or floor benefit if the defined-contribution plan does not provide at least
that level of benefit.
flower bond Treasury bond redeemable at death to apply to inheritance tax.
FLSA See Fair Labor Standards Act.
FMV See fair market value.
forced choice See forced distribution.
forced distribution The requirement that a specified number of actions be allocated to each
available choice.
forfeitable benefit One the individual earns only by meeting a stated time period.
forfeiture The loss of an accrued benefit for failure to meet the vesting requirements.
Form 3 The SEC form that requires disclosure of company stock holdings within 10 days of
becoming an officer, director, or principal stockholder.
Form 4 The SEC form that requires disclosure within two business days of an equity transaction for
Form 3 persons.
Form 5 The SEC form that requires disclosure of those transactions not covered on Form 4 within
45 business days of the ending of the fiscal year.
Form 8K The SEC form requiring disclosure of significant events between filing 10Ks and 10Qs.
Form 10K The SEC form requiring that the company’s annual report include income statement,
balance sheet, and cash flow statement along with a description of the company operations.
Form 10Q A quarterly version of the 10K.
Form 13D The SEC form that requires disclosures of any transactions by those with more than
5 percent of a company’s stock.
Form 144 Filing with SEC by an executive officer to sell company stock.
Form 5500 Report satisfying ERISA reporting requirements.
Form S1 The SEC form used at time of initial and secondary public offerings of the company stock.
Included with the prospectus is financial information about the company and its officers and directors.
Form S3 A shorter version of Form S1, used to sell additional shares by a company that is already
public, having successfully registered under Form S1 and not meeting the secondary offering require-
ment of Form S1.
Form S4 The SEC form used if a company issues shares for an acquisition or a merger.
Form S8 The SEC form used to register shares for a stock plan.
Form W–2 Company-prepared IRS form stating the amount of income paid and taxes withheld for
the employee.
Form W–4 Form employee completes and returns to estimate tax liabilities and authorized tax
witholdings.
Form W–9 Filed with the payer, this form contains social security or taxpayer identification number
for income purposes prepared by the individual.
form of payment Whether payment is made in cash, stock, or other item of value (e.g., a service or
commodity).
formula plan A payment plan that allows no discretion as to eligibility or awards.
formula-value stock See phantom stock.