The clients of The Bank of New York’s employee stock plan services will soon be able to access fair value of equity issued to employees via a web-based service.
Option Navigator, a program developed by Equity Methods, will allow clients to create FASB-compliant option valuations and auditor reports detailing valuation assumptions and expense calculations. The bank’s clients will be able to compare options values and expenses related to them using lattice methods and the Black-Scholes Merton formula.
“Option Navigator offers our clients an integrated option administration and valuation solution,” said Gary Nazare, managing director and head of stock transfer and employee stock plan services at The Bank of New York.