Recent modifications to LLC equity reporting and terminology

We’re releasing some much-needed improvements to LLC equity reporting. This is a continuation of our team recently made some small but impactful improvements to equity reporting and terminology for LLC companies issuing PIUs (Profits Interests) and/or CBUs (Cash Bonus Units):

Ledger Report by Type report now contains Base Value and Threshold Value for PIUs

The PIU Ledger tab of the Ledger Report by Type report now contains columns for Base Value and Threshold Value. These values can be found on the PIU Ledger tab to the right of the stakeholder details columns.

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When modifying PIUs, Cash Paid field has been renamed Base Value

We’ve updated our terminology from Cash Paid to Base Value to better reflect the function of this field and for consistency across the platform. To view this change, navigate to Securities > Equity awards, select Profits Interests as the equity type, and select Modify profits interest from the V-dropdown menu on the right hand side of the screen. You’ll see the updated field in the “Transaction value” section:

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Securities Ledger by Type and Class report now contains a ledger for CBUs

For companies issuing CBUs (Cash Bonus Units), a dedicated CBU Ledger has been added to the Securities Ledger by Type and Class report.

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