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There are RSUs. When a company goes private, the RSUs convert to cash on the same vesting schedule. Of course the company can cancel them, but they usually keep
by avrionov 4y ago
There are RSUs. When a company goes private, the RSUs convert to cash on the same vesting schedule. Of course the company can cancel them, but they usually keep the vesting schedule to keep the employees.
For the Twitter employees (if they keep their jobs and the RSUs are not canceled) this is a very good deal, because the stock price was really high due to the deal.
- rootusrootus 4y agoIn our case the RSUs all insta-vested and got paid out, then got replaced with nothing.
- cbtacy 4y agoThat is not universally true. Sometimes it works like that, sometimes it doesn't. Depends on the buyer and given that this particular buyer doesn't seem interested in respecting legal contracts, I wouldn't be confident that it will work with Twitter as you describe here.