That is fair enough. I did not realize this was enacted about 5 years ago.
"top 10 shareholders" is quite a specific class of shareholders
It's similar to the class of shareholders that have disclosure requirements (such as owning more than 10% of the shares).
That seems to be New York State soexific( rather than federal.
It’s usually state labor laws. Some states don’t have it, most do. Wages are treated as a special case, often with these type of forced payout clauses and even criminal penalties.