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Davis Polk Discusses NYSE and Nasdaq Clawback Rule Proposal

Reynolds Holding

Financial reporting measures also include stock price and total shareholder return (TSR). 3 Example : If the restatement is required in 2027, then the clawback would apply to compensation received in 2024, 2025 and 2026.A What if the incentive-based compensation is based on stock price or Total Shareholder Return (TSR)?