Define: Market Value
What does "Market Value" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (CANADIAN PACIFIC KANSAS CITY LTD/CN, seen in 1 filing)
Market Value means For participants paid in United States dollars at the time of the grant of PSUs, the average closing price per Share on the New York Stock Exchange over the same period.
Source: CANADIAN PACIFIC KANSAS CITY LTD/CN 10-K
Definition 2 (ENBRIDGE INC, seen in 1 filing)
Market Value means the weighted average of the trading price for one (1) Share on The Toronto Stock Exchange for the five (5) Trading Days immediately preceding that day.
Source: ENBRIDGE INC 10-Q
Data extracted from 2 SEC EDGAR filings across 2 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.