Brockman, Paul; Martin, Xiumin; Puckett, Andy - In: Journal of Corporate Finance 16 (2010) 1, pp. 120-136
We examine voluntary disclosures around the exercise of CEO stock options. Previous research shows that managerial incentives depend on the intended disposition of the exercised options' underlying shares. When CEOs intend to sell the underlying shares of exercised options, they have an...