Hey all,
I received 1 share of Amazon stock 3 months ago for working 8,ooo+ hours at the mighty Wholefoods.
Just enquiring what everyone who also received 1 amazon share did to maximize the benefit of this "perk"?
Did anyone do a deep dive on the best options?
Was the 1 share automatically cashed out if you did nothing with your Fidelity portfolio? Etc.
Love this forum. Peace.
To taxMan. Very true. But under fidelity there's still a credit there that some team members got. Because of that RSU, today two team members told me they received thousand dollar checks off of the RSU. Last pay period.
Am I crazy to believe that Amazon will do a massive stock split like 12:1 just before these vest? Leaving each TM with a single 150 stock as opposed to 2k?
I only see in the fine print that they will grant 1 stock at the market value of one stock at the date it vests.
If you are one of the recipients, you are receiving a RSU, “Restricted Stock Unit”. Once the RSU vests in August, you are free to cash it through your Fidelity account. You can hang onto it, but it will not go up in value after it vests. So, there is really no point in hanging on to it, unless you feel like it will be a “savings account”. You will pay taxes on it when you cash it.
https://www.investopedia.com/articles/tax/09/restricted-stock-tax.asp
You are a big liar.Wholefoods stopped giving stock share to tms a long time ago Please stop promoting lies here.
You basically either:
Do nothing. The stock gets vested and you will get a larger paycheck. The stock right now is at $1900... you'd probly get around $1200-$1300 for that.
Go into your Fidelity account and have the funds ready to pay the taxes for the option to purchase on the date the stock vests... With the stock at $1900, I'm guessing it's going to be about $500-$600.
I decided to just take the money now.
On the one hand, Amazon certainly isn't going anywhere... the stock might even reach astronomical levels after some sort of worldwide economic collapse/pre-apocalyptic resurgence and further centralizing of corporate wealth... but I'd prefer the $$ now.
Just hope the market doesn't crash before August...