I find it interesting that the wave of layoffs just so happens to take place almost a month before the first distribution of the stock together award that would have granted 29.950 restricted stock units to employees at Verizon. Think of the amount of employees and multiply that stock distribution and it would account for close to 10% of the the average daily volume traded in the hands of employees.
Anyone else find this a bit fishy?
If you are part of a RIF, you will get your first 3rd vesting. If you are retirement eligible, the entire grant will be accelerated and you get the whole thing. If you voluntarily terminate, you get nothing. Please people, get your information from the plan documents instead of an anonymous site. They are available to you on AY.
Not fishy at all. It was absolutely planned that way. And no you don't get the stock if you aren't employed
Also they laid off mostly males unless there were two males in a territory.
They are still getting it.
@efk+196apghD is correct. Go read your plan documents people.
You do not receive the stock together if you are not employed
Stock price tanking today, just in time for our first payout
They still get the stock grant. This is a non story
Not fishy. These layoffs have been planned for awhile. Would have happened in 2020 , but the Pandemic delayed these layoffs 1 year. Mr V couldn’t wait any longer.
I smell fish.