if layed off - what happens to unvested RSUs?
4 replies (most recent on top)
Almost correct. If less than 6 months from the award date, you get nothing. If between 6 months and 1 year, you get a prorated award. If it's more than a year past the award date, the restrictions lapse and you get the award.
All of the information is out there. They even summarized all of the relevant links in the EOI email that went out to employees.
wgn is correct. Either all or part of the RSU'S become yours. The value is counted as ordinary income and they will withhold 25% for taxes. From that point forward, any sale will be taxed as either long term or short term capital gains. ML will not charge fees for one year. After one year, the fees kick in.
Google it...
It depends on how far from the date they were issued that your layoff date is. If you are 6 months or more, they will fully vest. If you are 6 months or less, it will be prorated vesting. Go one stream, it's all spelled out there.