Thread regarding ConocoPhillips layoffs

RSU in Canada

Got let go...the RSU line in the package is cryptic.....

Do unvested RSUs get paid out?

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Post ID: @OP+JsffIw5

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Not sure if it's different in Canada or not but this depends on a couple of factors. Those RSU's held 6 months or less are lost. Those 6 months but less than 1 year are generally pro-rated (e.g. number of months between grant and layoff / 12). Those 1 year or more are vested and deposited shortly after you are off payroll. It may be a little different for those 50 or older.

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Post ID: @xbk+JsffIw5

I didn't understand this either which I assumed meant they would be not.

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Post ID: @gov+JsffIw5

No. They are unvested.

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Post ID: @uqm+JsffIw5

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