White Papers

Introduction to TSRs

Performance Price Target Awards – Basic Principles

Performance Stock Options

ESO Fair Value Case Study

ESO Fair Value Case Study Exhibit 1

Employee Stock Options for the Recipient – Part I

Employee Stock Options for the Recipient – Part II

Employee Stock Options for the Recipient – Part III

Employee Stock Options for the Recipient – Part IV

Discount for Lack of Marketability

Black-Scholes with Various Exercise Scenarios

Technical Notes

Correlation: Its Role in Portfolio Performance and TSR Payout

Volatility and Beta

Post-Vest Holding Periods

Other Publications

The Pricing of Path-Dependent European Options via Monte Carlo Simulation