Radford Valuation Services
Our team of actuarial experts provide a best-in-class approach to valuation of stock options and other equity vehicles in compliance with ASC Topic 718 (formerly FAS123(R), including the development of required assumptions for option pricing models; alternative modeling approaches that better approximates compensation expense; and accounting and tax treatments under Topic 718.
Key Participants
3M
ACADIA Pharmaceuticals
Advanced Micro Devices
Altera
AmerisourceBergen
Amylin Pharmaceuticals
Applebee's
Applied Materials
ADP
Avaya
BigLots
BioMarin
Biosite
CDW
Costco Wholesale
Cytec Industries
DeVry
eHealth
Equifax
Fairchild Semiconductor
Fiserv
Interpublic Group
IONA Technologies
Jack in the Box
Kohls
Kulicke & Soffa
Mattel
McDonalds
Nationwide
Onyx Pharmaceuticals
PMC-Sierra
Prudential Financial
Scotts Miracle-Gro
Staples
Symantec
UnitedHealth Group
US Bancorp
WD-40
Websense
Wells Fargo
Zebra Technologies
Radford Testimonials
"We chose to work with Radford when we first adopted FAS 123(R) because we felt they would offer a combination of strong technical expertise and customer service. Terry and his team have not only provided timely quality information, they have also provided guidance on a variety of equity-based topics and given us access to other resources within their organization as specialty knowledge was needed."
Christine Komola, SVP and Corporate Controller
Staples
"Radford has truly delivered on their commitments to CDW, providing high-quality stock option valuation reports and assistance in reviewing these reports with our auditors. Radford has acted as our partner in the process, with a flexible, responsive approach in meeting requirements and deadlines and keeping the process simple. They're genuinely interested in producing a high quality valuation and ensuring we understand the issues and assumptions involved."
Robert Welyki, Vice President & Treasurer
CDW Corporation
"Our team was highly impressed by the thought leadership, responsiveness, and efficiency of Radford's valuation practice. Radford brought a disciplined methodology with very comprehensive analytics, which was automated for quick turnaround and affordability. Terry and his team brought us new ideas that are having a big impact on our equity compensation."
Scott White, VP, Human Resources - Design and Services
Applebee's International
"I appreciate the consistent high quality of service Radford Valuation Services provides. Their 'can-do' attitude, sense of urgency, flexibility, and responsiveness to our business needs is gratifying and reaffirms our decision to work together. In particular I find the team's technical expertise and well-organized documentation very useful in our need to address the ever-expanding needs of our current environment and independent accountants."
Thaddeus Gozdeck, Controller
IONA Technologies
"Radford Valuation Services has been extremely responsive and insightful in helping Avaya understand and manage equity valuation. They have a strong ability to clearly articulate the issues and present strategies to help us manage expense in this complex area. I would strongly recommend Radford for all of your equity valuation needs."
Michael J. Harrison, VP Total Rewards and HR Services
Avaya
"Terry's team helped us to understand our stock option valuations, walking us through important assumptions and ways to look at the data. With their assistance we were able to adopt the binomial model and explain it to our auditors. Without their help, our 123(R) implementation would have been far more difficult. We have continued to use Radford for all our option valuations for their high-quality, cost-effective, and efficient service."
Todd Naughton, Vice President & Controller
Zebra Technologies Corporation
"Radford Valuation Services helps AMD develop required assumptions for option price models and perform option valuation under FAS 123(R). Terry and his staff possess excellent professional knowledge and experience in this specialized area and have always been responsive to questions and requests from us and our auditors."
Tony Ng, Senior Manager, Accounting Research and Analysis
Advanced Micro Devices
"I've never sent an e-mail thanking consultants before but Radford's work on National Semiconductor's options exchange program exceeded my expectations. Jon Burg and his project team did an outstanding job partnering with the internal and external organizations involved with the project, easing the entire process. I appreciate their hard work and highly recommend Radford for future projects."
Robert Ashe, Corporate Finance Director
National Semiconductor
Our Expertise
- Traditional Stock Option Awards
- Performance Awards with Market Conditions
- Modifications of Equity Awards
- Accounting and Reconciliation of Forfeiture Estimates
- ESPP Valuation and Accounting
- Sabbatical Valuations under ASC Topic 710 (Formerly FAS 43/EITF 06-02)
- Golden Parachute estimates under IRC 280G
White Papers and Resources
White Papers
- Relative TSR: If and When to "Risk-Adjust: Returns?
- Selecting Your Next Equity Valuation Assumptions
Best Practices for ASC Topic 718 Assumption Development - Forfeiture Rate Analysis
- Minimizing True-Ups: A Technical Analysis of Alternative Methods of Applying Forfeiture Assumptions
- Expected Life Analysis – Practical Considerations
- Should GICS Codes Be Used In Pay-For-Performance Comparisons?
- Key Considerations for the Valuation of Stock Options at Pre-IPO and Newly
Public Companies - Valuation 103 - How Design Decisions Impact the Cost of Relative Total Shareholder Return Awards
- Relative TSR Plans: The Balanced Approach to Equity
- Calculation of Historical Volatility
- Relative TSR Plans: Valuation 102 - The Impact of Volatility on Valuation
- Relative Total Shareholder Return Plans: Valuation 101
- When Expected Life Isn't As Expected
Transitioning from Topic 718 to IFRS2 and Multiple Tranche Expected Life - When Expected Life Isn't As Expected: Addendum
Transitioning from Topic 718 to IFRS2 and Multiple Tranche Expected Life - Market Stock Units (MSUs) - Another Arrow in the Equity Compensation Quiver
- Summary of Aon Multiple Point Black Scholes Model
- Aon - Technical Roadmap to Expense Allocation Under FAS 123(R)
Presentations from Past Events
- September 23, 2010
The Decline and Fall of the 280G Excise Tax Gross-Up: Managing Equity (and Other) Compensation After the Gross-Up Is Gone - September 21, 2010
Performance Equity: Not Just for Executives Anymore! - September 20, 2010
Accounting For Performance Plans - May 14, 2010
Long-Term Incentives Gone Wild?: Lessons Learned and Emerging Trends - Feb 9, 2010
Terminations and Modifications Private Company Focus Group - October 21, 2009
Relative TSR Plans: The Next Generation of Equity - April, 2009
Don't Be a Day Late or a Dollar Short: Properly Managing your Expense Allocation
Click here to access Radford Valuation Services Presentation archive.
Published Articles
- February 17, 2009
Radford Alert: Accelerated Vesting of Underwater Options: Understanding or Discovering the Hidden Accounting
Click here to access Radford Valuation Services Published Articles archive.
Resources/Links
- Certified Equity Professional Institute
- Financial Accounting Standards Board (FASB)
- FAS123(R)
- PCAOB Staff Question on Auditing the Fair Value of Share Options Granted to Employees (October 17, 2006)
- National Association of Stock Plan Professionals (NASPP)
- SEC Staff Accounting Bulletin #107
- SEC Staff Accounting Bulletin #110
- Society of Actuaries
