StockAppreciationRightCompensation

Git Source

Grants new SAR tokens in StockAppreciationRight. Optionally, you can settle the SARs in cash or shares.

State Variables

sarRegistry

StockAppreciationRight public sarRegistry;

shareClass

ShareClass public shareClass;

rule701Exemption

Rule701Exemption public rule701Exemption;

Functions

constructor

constructor(address _issuer, address _sarRegistry, address _shareClass, address _rule701Exemption);

grantSAR

Grants new SAR to an employee/consultant.

function grantSAR(address holder, uint96 quantity, uint96 basePrice, uint256 fairValue) external;

Parameters

Name	Type	Description
holder	address	The address receiving the SAR.
quantity	uint96	The number of SAR units.
basePrice	uint96	The reference price at the time of grant.
fairValue	uint256	The FMV for compliance tracking under the 701 cap, if any.

settleSAR

Example settlement function, paying out the appreciation if currentPrice > basePrice. Real usage requires a price feed or a governance-approved FMV.

function settleSAR(bytes32 sarTokenId, uint96 settleQuantity, uint96 currentPrice) external;

Events

SARGranted

event SARGranted(bytes32 indexed sarTokenId, address indexed holder, uint96 quantity, uint96 basePrice);

SARSettled

event SARSettled(bytes32 indexed sarTokenId, address indexed holder, uint96 quantity, uint256 spread);