Stock Of Record (Noun)
Meaning
Stock held by stockholders of record on a given date.
Classification
Nouns denoting possession and transfer of possession.
Examples
- Stockholders of record as of December 31 will receive the dividend payment in the first week of January.
- The corporation only sent annual reports to stockholders of record who owned shares on the last day of the fiscal year.
- To be eligible for voting, one must be a stockholder of record at least 30 days prior to the annual meeting.
- The company's financial statements were mailed to all stockholders of record, providing insight into the previous year's performance.
- The proxy statement was distributed exclusively to stockholders of record as of the cut-off date, determining their eligibility to vote on the merger proposal.