Carly Sanfilipo

Team: Analysts/Consultants

Job Title: Carly Sanfilipo

Bio: Carly is a Director at Infinite Equity with over 14 years of experience in the equity compensation industry. Prior to joining Infinite Equity, Carly previously held roles at global consulting organizations, managing client relationships and projects that involve analyzing equity compensation data, performing statistical analyses, developing valuation and accounting assumptions, and producing financial reporting information under ASC Topic 718. Carly is a frequent speaker at local and national industry conferences, as well as NASPP educational webcasts. She previously served as Treasurer of NASPP’s Silicon Valley chapter. Carly has a Bachelor of Science in Actuarial Science from Florida State University and earned her Certified Equity Professional (CEP) designation in 2016. She is based in Denver.

Recent Posts By

Carly Sanfilipo

The Benefits of Optimizing Your ESPP

The Benefits of Optimizing Your ESPP

By increasing employee engagement, ESPPs boost overall corporate performance. ESPPs are broad-based programs that provide companies with a cost-effective way to extend ownership opportunities to their employees. While that sounds great on paper, the real benefits of ESPPs only come when they are correctly optimized and tailored to your company’s specific situation. If your ESPP…

ESPP Accounting 101


Everything you want to know about how to account for ESPPs. Under ASC 718, compensation expense for employee stock purchase plans (“ESPPs”) must be recognized in a company’s financial statements.  The only exception is a plan that is considered “non-compensatory” – which means it does not contain a look-back feature nor have a discount over…

ESPP Valuation – 4 Missing Pieces


You may be overvaluing your ESPP expense. Current Market Practice ESPPs are valued based on their plan design features, which frequently results in multiple components to estimate the fair value. The accounting requirements under ASC Topic 718 point to guidance from FTB 97-1: Accounting under Statement 123 for Certain Employee Stock Purchase Plans with a…

“Cadillac” ESPP Considerations: What You Need to Know Before Adopting


Balance this exceptional employee benefit with compliance and administrative ease. Introduction Employee Stock Purchase Plans (ESPPs) are common among public companies, and it is easy to see why. On the participant side, ESPPs allow a large population of employees to build wealth through the purchase of company stock, typically at a discount to the market…

10 Ways the Recent Market Volatility and Overall Uncertainty Can Impact Your Equity Plans


The COVID-19 pandemic has disrupted nearly every daily norm and has caused extreme market volatility that is likely to continue for the foreseeable future. There are countless ways that high volatility and depressed stock prices can impact the success of your company’s equity plans; here are ten items to keep in mind during these turbulent…

What Is Monte Carlo Simulation?


Performance Share plans that are contingent on Relative Total Shareholder Return (“RTSR”) continue to gain in prevalence. However, the accounting rules under ASC 718 create financial reporting needs on the date of grant, as it is considered a market condition, and will generally require a Monte Carlo simulation. (For a full primer on performance award…

The Grant Sizing Challenge


Once your organization decides that it’s going to grant performance shares contingent on Relative Total Shareholder Return (“RTSR”), one of the first and most impactful decisions is how you’re going to determine the “target” grant size. Generally, there are three (3) broad methodologies for doing so: Methodology 1: Share Price – The current share price…

Multiple Performance Metrics


Performance shares earned contingent on performance metric of Relative Total Shareholder Return (“RTSR”) are the most prevalent in the global marketplace. Further, recent studies show that an average of 2.1 different metrics were utilized in the typical CEO performance plan in 2018. However, there are distinct approaches for incorporating multiple metrics into a long-term incentive…