Model for stock splits

[kedder]

Currently, stock splits are modeled as a series of transactions on security objects, e.g. Warrant split, Stock Split or Plan Security Split.

This model seems to suggest that same-stock class securities can be split independently (e.g. option grant A with one split ratio, option grant B with a different one). However, this shouldn't happen in practice. All securities of the same stock class are split the same way and at the same moment in time. Otherwise capitalization can be affected in an undesired way - if split transaction dates or rations are inconsistent, split transactions can skew the ownership percentages, which goes against the definition of a stock split.

Consider modeling stock splits as a dedicated “objects” (containing at least data, stock class and ratio) and refer to it in individual warrant/stock/option grant split transactions.

[JSv4]

@kedder, we've definitely considered this approach. If you or someone on your team has the bandwidth to spec out what this might look like, would you be open to taking a stab at modeling this?

[kedder]

Hm, still don't seem to be able to do that:

$ git push --set-upstream origin kedder/splits
ERROR: Write access to repository not granted.
fatal: Could not read from remote repository.

Please make sure you have the correct access rights
and the repository exists.

[JSv4]

@kedder, give it another shot.

[kedder]

It worked, thanks!

[kedder]

Submitted #116.

[JSv4]

Thanks! Looks like a really solid approach. I'll raise in the next Technical Working Group call this week for discussion.

[JSv4]

These changes are being incorporated via PR #116 submitted by @kedder.