Timothy Russo Email & Phone Number

New Jersey, United States

New York, New York

• Managed equity and cash award transactions including termination processing, restricted stock unit and cash award distributions, stock option exercises and dividend equivalent payments for proper administration of overall process.• Prepared coding of 2,000+ annual restricted stock unit and cash award vestings and distributions for accurate reporting purposes post-transaction.• Provided customer service support for participants, HR, finance, and legal to clarify equity data importance and application.• Reviewed daily indicative data files to ensure correct data flow.• Compiled month-end and quarterly data files for finance and tax to record figures on company books.• Assisted with proxy reporting, 10k/Annual Report disclosures and Compensation Committee reports by providing all equity-related data for appropriate company reporting.

Providence, Rhode Island

• Created and managed Executive Stock Ownership guidelines for proper tracking purposes and recording for Board materials.• Managed “living document” of current Blackout/Market Abuse Regulations (MAR) list to ensure no equity transactions were performed during blackout periods.• Sent out and collected Business Unit leader and HRBP annual equity recommendations and loaded grants into vendor system after receiving proper approvals.• Created working procedures/documents for Performance Stock Unit (PSU) Release process, Monthly reports, edits and additions to MAR list.

• Collaborated with Benefits Accounting Team shortly after new Stock Plan vendor implementation to streamline workflows between client and vendor.• Created sustainable working procedures/documents for following business needs: Restricted/Performance Stock Unit (RSU/PSU) Release process, 10b5-1 exercises, vendor Tax Table Matrix.• System-wide setup of 2,500 employee tax rates to minimize tax rate corrections on Stock Option exercises by 80%.• Created/edited 6 vendor-specific reports to assist in administration of equity programs: i.e. “Outstanding Report” providing division code for International Payrolls; “Distribution Modeling Report” edited to include “Brokerage Account Established” and “Account Certified” fields; “Outstanding Equity Summary” in one click.

· Administer Coach’s equity compensation programs.· Lead contact for relationship with stock plan and executive compensation vendors.· Conduct monthly, quarterly and annual reporting (includes information need for Proxy and 10k filings).· Collaborate with Finance, Legal and HR teams on communication materials, grant process, compliance and management reports.· Process new grants and other transactions with strong understanding of accounting, tax and legal implications.· Administer semi-annual ESPP enrollments & purchases.· Generate quarterly ESPP disqualified disposition reports and year-end tax statements.· Respond to executive and employee questions regarding company stock plans.· Improve processes, efficiencies and accuracy of data.· Work with large data sets, perform data edits, audits, reconciliations, v-lookups and complex calculations.

$1.4B Internet company with 50 brands across 40 countries; 3,200 employees.Total Rewards AdministratorSole manager of day-to-day operations for global stock plan impacted by 5-company spinoff, providing timely and accurate fulfillment of accounting, reporting, and compliance requirements. Maintain accurate information in Smith Barney stock administration system and manage vendor relations. Process payroll equity information for 10+ subsidiaries weekly. Adjust swiftly to fast-paced environment requiring flexibility with multiple and changing priorities. Collaborate cross-functionally with Law, HRIS, Payroll, and Accounting/Finance departments. Serve as primary contact for internal auditors for plan and SOX controls. Managed through 5-company spinoff, calculating taxes and shares correctly and verifying delivery of shares to employee accounts based on share and price conversion factors and employee ownership of RSUs and stock options at time of spinoff.Reduced errors by partnering with spinoff companies to update employee records in Smith Barney database and establish universal tax code system for employee equity transactions.Initiated calculation and implementation of accurate logic into Smith Barney system for outstanding Growth Shares held by terminated employees. Improved accuracy of month-end reports by correcting key fields in system.Stepped up to take over manager's responsibilities for preparing equity information for year-end Compensation Committee meeting.Educated employees and HR business managers about global stock plan, income related to equity transactions, spinoff calculations, and related topics

Global pharmaceutical, medical devices, and consumer packaged goods manufacturer; 119,000 employees.; Challenged to boost department productivity and improve accuracy of system data and reports through engagement in key initiatives. Produced analysis and reports for stock programs, and trained new hires.Led development and testing of Automated Cancellation program, resulting in 50% increase in processing time when generating stock option correspondence to terminated employees. Ensured accuracy by analyzing all Terminated, Retirement, and Long-Term Disability rules with CIM model.Advanced functionality of new vendor-created website by reviewing 10 of 60 use cases and reporting 40 problems and opportunities for process improvements to vendor. Retested revised website to ensure resolution of issues.Created "How Do I Find?" FAQ section for new website by writing specifications, working with programmers, and testing for proper operation. New section reduced phone call questions by 20-30%.Accelerated processing time of stock-for-stock exercises by 30% by teaming with CIM programmers to automate uploading of exercises into system, with each exercise organized by type of shares attested, number of payment and profit shares, and date of transaction.Facilitated growth and productivity of department by training 2 new equity analysts to perform all tasks fully and independently.

Ba, Psychology

Education record