Stock Bonus Plan- reallocation of employer securities

[Guest zvillacorta]

Can the plan administrator of a stock bonus plan reallocate employer stock (non-registered) that is already allocated to certain employee accounts? The employee accounts that are debited employer securities will be credited with an amount equal to the value of the employer securities.

[RLL]

Hi zvillacorta ---

It depends on the circumstances and any applicable provisions of the ESOP documents.