On February 10, the SEC issued 15 new Compliance and Disclosure Interpretations (CDIs) on implementing the “pay versus performance” (PvP) disclosure rules that were adopted on August 25, 2022 (PvP Rules). The PvP Rules added new Item 402(v) to Regulation S-K, requiring public companies to disclose the relationship between the executive compensation actually paid to the named executive officers (NEOs) and the financial performance of the company in their proxy or information statements, to the extent required to include executive compensation disclosure.
Source: Capital Markets Update in Brief – Capital Markets Compass | Issue 5