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SEC Form 4 OMB APPROVALUNITED STATES SECURITIES AND EXCHANGE COMMISSIONFORM 4Washington, D.C. 20549 OMB Number:32350287Estimated average burdenSTATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).hours per response:0.5Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting Person *2
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Chief Lao is a financial reporting form used to disclose the compensation and benefits of certain key executives within a company, particularly in the context of compliance with regulatory requirements.
Companies that fall under specific regulatory frameworks, such as publicly traded companies or those receiving federal funding, are required to file Chief Lao to report compensation for top executives.
To fill out Chief Lao, one must gather accurate compensation data for the executives, follow the form instructions carefully, and submit the completed form to the relevant regulatory agency, ensuring all necessary disclosures are made.
The purpose of Chief Lao is to enhance transparency regarding executive compensation, ensuring stakeholders have access to information about how much top executives are being compensated, which fosters accountability.
Chief Lao must report details such as base salary, bonuses, stock options, and other non-cash benefits or perks received by the executives, along with any other relevant compensation-related disclosures.
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