This appears to just target salaries, not SBC. [1] Considering how large a role SBC plays in executive comp, it seems like this law will not be as impactful as if it looked at total comp. Am I reading this incorrectly?
I would note that it would be difficult to assess the FMV of different SBC for the purposes of these calculations. For example, engineers might get RSUs, and the CEO might get options with a particular strike price, or different amounts of RSUs based on hitting revenue/profitability targets. It wouldn't be simple to value each of these things a priori, and companies wouldn't just accept whatever value the SF govt employees come up if it means huge amounts of additional tax.
I would note that it would be difficult to assess the FMV of different SBC for the purposes of these calculations. For example, engineers might get RSUs, and the CEO might get options with a particular strike price, or different amounts of RSUs based on hitting revenue/profitability targets. It wouldn't be simple to value each of these things a priori, and companies wouldn't just accept whatever value the SF govt employees come up if it means huge amounts of additional tax.
1: https://ballotpedia.org/San_Francisco,_California,_Propositi...