HR-XML 3.0 Standards, 2009 September 23.
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As stock option program participants are granted options, the plan sponsor communicates grant information to be posted to the participant's stock account. These communications can be between the sponsor and the plan administrator and/or between the plan administrator and the broker. For an overview of these processes, see Chapter 32, Stock Plan Scenarios.
These grant messages carry information about the number of options granted and about the terms of the grant, such as vesting and expiration. The Stock Option Grant noun is designed to support such messaging requirements.
The communication of the grant information usually would occur after the broker/administrator has been provisioned with participant data and after accounts for each participant have been established. So provisioning systems with participant data and the establishment of participant accounts are among preconditions for the communication of stock option grant messages.
Typically, new stock options grants would be issued to participants according to a regular cycle. For example, option grants might be issued annually, semi-annually, quarterly, or monthly.