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if I'm reading this right, he sold off his entire award that vested last week.
by wheelerwj 7y ago
if I'm reading this right, he sold off his entire award that vested last week.
- TotempaaltJ 7y agoI think he sold half, but still he _vested_ 54.7 million dollars worth of stock... I'd happily sell that off instantly as well. Damn. [edit--he sold all!]
- SahAssar 7y agoNo, he sold all of it, the rest was withheld for tax-purposes according to the article. He got 560,000, sold 265,160 and 294,840 was withheld to "satisfy tax-withholding requirements for the vesting of the restricted stock units".
- C1sc0cat 7y agoYou can't sell shares you got ten years ago and not the ones you got yesterday.
- harryh 7y agoYou can actually. If you own shares in a company with different purchase dates you can designate which ones you are selling. There can be tax reasons to choose one batch or another.
- C1sc0cat 7y agoI was referring to the previous comment which implies that Tim was selling his most recent shares and not his oldest. Sorry if it wasn't clear I must remember to write for ESL NH users.
- deleted 7y ago[deleted]
- wheelerwj 7y agoI'm a native English speaker and I still have no idea what you were trying to say. > You can't sell shares you got ten years ago and not the ones you got yesterday. What do you mean?
- kasey_junk 7y agoOf course you can. Its a normal tax mitigation strategy.