Statutory Option Stock [Internal Revenue] Law and Legal Definition
According to 26 USCS § 424 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes and Surtaxes; Subchapter D. Deferred Compensation, etc.; Part II. Certain Stock Options], statutory option stock means “any stock acquired through the exercise of an incentive stock option or an option granted under an employee stock purchase plan.”
