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> and vesting A question I'm curious about, what happens to RSU based compensation after the company goes private? Clearly RSUs that have vested will be paid
by time_to_smile 5y ago
> and vesting
A question I'm curious about, what happens to RSU based compensation after the company goes private?
Clearly RSUs that have vested will be paid out at the $54/share, but what about unvested?
Additionally, like most tech companies, roughly half of Twitter TC is RSUs. Will this end up being a massive pay cut for Twitter employees? I can't really imagine Musk matching with cash, especially given the notoriously low TC for Tesla/SpaceX SWEs.
- dontcare007 5y agoMost likely will automatically vest.
- heleninboodler 5y agoIf my company auto-vested my outstanding RSUs at an above-market price and then laid me off I'd throw a party. :D
- paxys 5y agoI assume they'll keep getting RSUs, just that the stock won't be tradable. And the company will probably offer liquidity events for employees to cash out.
- bern4444 5y agounvested RSUs will be converted to cash at $54.20 and paid out as cash at the same schedule that was planned. Source is the 8K: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/e61e4376-e2c5-4d54-8782-d63fc5e096e9.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/e61e437...
- s1artibartfast 5y agoTo Add: Options in the money at 54.20 will be converted to cash for the difference between exercise price and 54.20. Options underwater are cancelled.
- htrp 5y agoMost option awards have change of control provisions which accelerate vesting. I imagine if/when the deal is official there will be a massive party.