Joseph Fagan
Lee,NH
Summary
22 Years of proven experience managing equity programs with private, newly public, and large multi-national public companies. Along with a strong understanding of all equity concepts and the full life cycle of equity awards from grant, award acceptance, communications, exercise and award settlement. A history of proven collaboration with business partners in legal, accounting, payroll, external vendors and HR partners to provide a strong cross functional process for all parties .
Overview
22
22
years of professional experience
1
1
Certification
Work History
Director, Global Equity Compensation
Science 37 Corporation
11.2021 - Current
- Responsible for building the Equity function post SPAC go live
- Developed and delivered global training for equity compensation including ESPP, Stock Options and RSUs
- Rolled out a new company wide domestic ESPP program
- Built out several processes including monthly grant practices, stock option exercise process, domestic and international and termination processing
- Worked closely with payroll and develop automated processing with E
- TRADE
- Transitioned Science 37 from Carta stock administration to E
- TRADE stock administration
- Developed strong relationships with internal business partners including payroll, legal and accounting
- Managed a companywide Tender Offer that allowed employees to swap them out of the money stock options for RSUs
- This included communications, working with accounting, working with our external provider as well as other business partners
- Held several companywide educational meetings that educated our employees on current equity programs as well as new plans that I rolled out (ESPP and RSUs)
- Responsible for managing Science 37 recent reverse stock split
- This included educational materials, working with external providers such as E
- Trade and our Transfer Agent, and working with internal resources such as Legal and Accounting.
Senior Manager, Global Equity Compensation
UKG Corporation
08.2020 - 11.2021
- Responsible for building the Equity function post-M&A
- Maintained the quarterly Capitalization Tables
- Developed and delivered global training for equity compensation across the entire organization
- Built out several processes including quarterly RSU vesting’s, quarterly grant practices and semi-annual liquidity windows
- Developed a scalable process to manage all incoming inquiries within the UKG organization to assist more 3000 employees
- Responsible for the relationship with the UKG equity vendor (Global Shares) which included working with them to improve functionality as well as redesign of the website to better operate for UKG employees
- Developed strong relationships with internal business partners including payroll, tax, legal accounting, and treasury.
Director, Global Equity Compensation
Cole Haan
03.2020 - 06.2020
- Cole Haan was scheduled to go public in March 2020 but because of COVID-19 it is unknown when and if they will go public
- My initial responsibility was to prepare the internal process and procedures for the equity program to go public
- This included working with our Stock Plan provider (Fidelity), Transfer agent, internal Finance and Legal teams.
Director, Global Equity Compensation
Covetrus
02.2019 - 02.2020
- Covetrus was a new publicly traded company, and I was responsible for rolling out various equity programs, building relationships between businesses, education around equity programs as well as an overall SME as it related to equity
- Responsible for rolling out the Covetrus Welcome Award across 21 countries to over 5,000 employees
- That involved working with consultants to review government required filings and tax requirements for all countries to whom we awarded equity
- Responsible for establishing data feeds between the equity system and multiple payrolls so appropriate taxes are withheld for vesting and stock option exercises
- Helped design and rollout Covetrus’ first domestic Employee Stock Purchase Plan
- Responsible for all aspects of administration of the global equity plan including granting awards, monthly reporting, and processing vesting across 21 countries
- Developed the equity procedures for Sarbanes-Oxley audit requirements
- Worked closely with Finance, Tax and Legal teams to develop processes and procedures that guaranteed reporting of timely and accurate information.
Manager Global Equity Compensation
Iron Mountain
11.2017 - 02.2019
- Responsible for all aspects of administration of the global equity plan including granting awards, processing vesting and monthly reporting across 30 countries
- Responsible for the administration of the Employee Stock Purchase Plan including communications, 6039 reporting and problem resolution
- Developed process flows and documentation for a variety of administrative procedures
- Worked closely with Finance and Legal to provide timely and accurate information for reporting
- Managed the Executive and Director Deferred Compensation plan including annual enrollment and distributions
- Assisted with developing the Annual Proxy Tables.
Assistant Vice President Equity Administration
State Street Corporation
06.2012 - 11.2017
- Responsible for processing $185 million in quarterly vesting/distribution for 27 countries
- Ensured that equity award grants, vestings, and exercises comply with global tax, securities, and legal requirements
- Developed and documented key processes to streamline the administration of the State Street equity plans
- Worked closely with finance and legal on a variety of aspects to satisfy plan and accounting rules
- Managed the contributions into the Directors Deferred Compensation plan as well as monthly reporting and annual distributions.
Assistant Vice President Executive Compensation
State Street Corporation
06.2012 - 09.2013
- Managed the Director Deferred Compensation Plan for the Board of Directors including a transition between providers that substantially improved the Director experience
- Assisted with building the Director’s Table for the annual proxy filings
- Managed a specialized supplemental retirement program for executives.
Stock Plan Administrator
The Timberland Company
06.2007 - 04.2012
- Managed the global executive stock equity program, employee stock purchase plan and deferred compensation program
- Part of a small team that developed and published the annual proxy statement
- My primary responsibilities were the development of the tables and footnotes
- Successfully managed the selection and implementation process of a new stock equity administration system resulting in a better employee experience, enhanced financial reporting and substantial cost saving
- Successfully transitioned to a new SEC filing and Executive share tracking system
- Implemented additional equity products (restricted stock units, performance stock, and performance stock units) within the Timberland organization
- Closely involved in the administration of the executive 10b5-1 trading plans
- Responsible for executive SEC filings including Forms 3, 4 and 5
- Collaborated with the finance and treasury departments to provide financial reporting on a quarterly basis.
Service Delivery Consultant
Fidelity Investments
01.2004 - 01.2007
- Represented Fidelity Investments at company benefit fairs which educated participants on their company’s equity plans
- Responsible for writing and maintaining the primary resource used by stock plan representatives to assist participants with the various company plans
- Developed and facilitated training for stock plan services representatives on all plan requirements for new and existing clients
- Responsible for educating the phone representatives on resources they had available to service potential and existing clients
- Provided education to internal business partners on the unique relationship of stock plan participants.
Stock Plan Services Help Desk
Fidelity Investments
01.2003 - 01.2004
- Assisted employees with complex questions regarding stock options, restricted stock, and the employee stock purchase plan
- Resolved customer complaints that had escalated beyond the employee level.
Executive Stock Plan Services
Fidelity Investments
01.2002 - 01.2003
- Worked exclusively with senior executives to educate and assist them with their stock plans
- Facilitated transactions and Securities and Exchange Commission filings for executives.
Education
Business Administration -
Whittemore School of Business, University of New Hampshire
Skills
- Training and Resource Development
- Project Management
- Legal and Regulatory Compliance
- Proxy Table Development
- Experience with E*Trade, Fidelity and Carte equity platforms
- Accelerated FICA responsibilities based on retirement provisions and continued vesting
Accomplishments
- Managed SPAC and IPO companies equity programs at launch
- Rolled out multiple global equity programs and supportive trainings to employees
- Cap Table management for private company
- Achieved a scalable in house program to manage equity inquiries for 3,000 employees
- Developed procedures for managing regulatory and taxation's compliance globally.
- Successfully transitioned companies between global equity platforms
- Supervised team of 2 staff members.
Certification
- Series 63, 7, 9 10 (since expired)
Affiliations
- National Association of Stock Plan Professionals
- Global Equity Organization
References
Multiple references available upon request
Timeline
Director, Global Equity Compensation
Science 37 Corporation
11.2021 - Current
Senior Manager, Global Equity Compensation
UKG Corporation
08.2020 - 11.2021
Director, Global Equity Compensation
Cole Haan
03.2020 - 06.2020
Director, Global Equity Compensation
Covetrus
02.2019 - 02.2020
Manager Global Equity Compensation
Iron Mountain
11.2017 - 02.2019
Assistant Vice President Equity Administration
State Street Corporation
06.2012 - 11.2017
Assistant Vice President Executive Compensation
State Street Corporation
06.2012 - 09.2013
Stock Plan Administrator
The Timberland Company
06.2007 - 04.2012
Service Delivery Consultant
Fidelity Investments
01.2004 - 01.2007
Stock Plan Services Help Desk
Fidelity Investments
01.2003 - 01.2004
Executive Stock Plan Services
Fidelity Investments
01.2002 - 01.2003
Business Administration -
Whittemore School of Business, University of New Hampshire