7 ms·
I am coming to this post kind of late, so not sure if others will see this, but actually this is something that Amazon policy has JUST changed on, effective as
by strgcmc 5y ago
I am coming to this post kind of late, so not sure if others will see this, but actually this is something that Amazon policy has JUST changed on, effective as of Dec 31, 2021.
A few RSU related quality of life improvements:
- Before, the vesting policy only allowed for 2 weeks of gracetime if you took any form of leave of absence (and leaves being a wholly legally separate category from vacation or sick days); since parental leave was 6 weeks, that means that your vest schedule would delay by 4 weeks (which I can confirm, my vest dates went from May to June because of this)... From 2022 onwards, the gracetime has been extended to match the parental leave time, so there is no longer this weird 6-2=4 mismatch
- In the rare case an employee dies, their next 2 years worth of unvested RSUs, will automatically accelerate and vest immediately. These accelerated RSUs will vest to the deceased's estate, and the heirs of the estate will get them via the probate process (having a will massively simplifies this). The accelerated vesting cannot be transferred directly to a beneficiary, it has to go to the estate first.
- RSU vesting allows for a sell-to-cover option for tax withholding, but previously only whole numbers of shares could be sold (and the leftover after taxes, is paid to your paycheck direct deposit). Now going forward, you can sell fractional shares to cover tax withholding.
- (couple other minor QoL improvements, but those were the ones I could recall off the top of my head)
I doubt these policy changes were in any way tied to the reporting of these stories or the experiences of these employees, but the timing is somewhat ironic.