Define: Dividend Equivalent
What does "Dividend Equivalent" mean? The meaning differs based on the contract. We found 6 definitions across 6 companies in SEC filings.
Definition 1 (Salesforce, Inc., seen in 2 filings)
Dividend Equivalent means a credit, made at the discretion of the Administrator or as otherwise provided by the Plan, to the account of a Participant in an amount equal to the cash dividends paid on one Share for each Share represented by an Award held by such Participant.
Source: Salesforce, Inc. 10-Q
Definition 2 (Duke Energy CORP, seen in 1 filing)
Dividend Equivalent means a cash payment (without interest) equal to the cash dividends declared and payable with respect to one (1) Share for each record date that occurs during the period beginning on the Date of Grant and ending on the date the Restricted Stock Unit is paid.
Source: Duke Energy CORP 10-K
Definition 3 (Meta Platforms, Inc., seen in 1 filing)
Dividend Equivalent means an amount equal to the dividend that the Participant would have received had the Shares underlying the RSUs been held by the Participant as of the record date for such dividend.
Source: Meta Platforms, Inc. 10-Q
Definition 4 (Credo Technology Group Holding Ltd, seen in 1 filing)
Dividend Equivalent means an amount in cash equal to the dividend that the Participant would have received had the Ordinary Shares underlying the RSUs been held by the Participant as of the time at which such dividend was declared.
Source: Credo Technology Group Holding Ltd S-1
Definition 5 (Credo Technology Group Holding Ltd, seen in 1 filing)
Dividend Equivalent means an amount in cash equal to the dividend that the Participant would have received had such Ordinary Shares underlying the PSUs been held by the Participant as of the time at which such dividend was declared.
Source: Credo Technology Group Holding Ltd 10-K
Definition 6 (Constellation Energy Corp, seen in 1 filing)
Dividend Equivalent means an amount equal to the amount of dividends that would be paid on the number of shares of Common Stock subject to a Stock Award or Deferred Stock Unit Award (but not an Option or SAR) if such shares were issued and outstanding.
Source: Constellation Energy Corp 10-K
Data extracted from 9 SEC EDGAR filings across 6 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.