The RSUs and Perf Shares vested today and the results are dismal. We are fourth out of five, almost dead last, in TSR and ROCE. What a ripoff. You nitwits and layabouts need to Do Bettuh!
10 replies (most recent on top)
If you don’t know the calculation, you don’t deserve them
So the PSG 26 and 27 are unhappy? Well then LOLOLOLOLOL!
The PSUs were pretty bad this year. But let's be honest, if you are getting PSUs then you are doing pretty well.
26 and 27 are pretty dismal, I have to say.
Why r u complaining? The calculation is transparent, and there for all to see. The rules are clear. TSR and ROCE are the key to modifiers.
If you don’t like it walk off and see if it is better somewhere else. If not, shut up and get to work, or it will be the same next year!
Fu_king whiner!
How is typical Grade 26/27 compensation structured? How many RSU’s and Perf shares?
(We already know the cash compensation part)
Thanks, so the RSU’s are unaffected, it’s only the Perf shares that got dinged?
Perf shares are based on a multiplier which is calculated how we did relative to our competition. The 2021 awards are at .79 multiplier meaning 100 shares are worth 79 now, and 2022 and 2023 awards are at .28 and .15 multiplier. So 100 shares at .15 multiplier means you now get 15 shares.
You get more shares if we beat the competition. At some point you get zero shares.
Look on the bright side, we are set up to outperform in 2024.
For us laymen here, how does the calculation work?
For RSU’s I imagine cost basis is zero, so how does performance matter?