ALIGN Act

The ALIGN Act requires publicly traded companies to publicly disclose their authorization to buy back company stock within one business day. It prohibits executive officers from selling or transferring stock awarded as part of their compensation for one year after such a disclosure or for three years from the grant date, with exceptions for company acquisitions, inheritance, tax-related sales, and specific personal expenses like education or medical costs. The bill directly affects executive officers of publicly traded companies and their disclosure practices, applying to companies with securities registered under the Securities Exchange Act of 1934. This law changes how companies report buyback authorizations and restricts when executives can sell their compensation stock.