Educate me on RSUs (stock rewards)

You are not logged in. [Log In] ClubSi » Forums » Canada Regional » Ontario » Educate me on RSUs (stock rewards)

Page 1 of 1

Topic Options

#10479349 - 09/11/23 02:01 AM Educate me on RSUs (stock rewards)
furball furball Post Master Sr Registered: 09/24/03 Posts: 9610 Loc: Toronto, ON	Long story short, small (Canadian) company I work for got acquired by a big US company, and awarded me with $xxx in US stock, vesting over 3 yrs (1/3 a year) Last year, 1/3 got vested. At time of vesting, about 50% of the stock got SOLD. (Checked with some colleagues, and they also got raped.) I called the broker (Charles Schwab) to see if I forgot some fucking form, etc. They said nope, unfortunately your employer determines how much gets set aside for taxes, bonuses etc. Then told me same rapage will happen at the next 2 vests I asked if it was the W8BEN or some other form I forgot to fill out .... said nope. I recall clicking a setting that did ask me whether to 'Sell shares to pay for taxes/etc, OR I pay out of pocket' ... but FFS ... 50%+??? This can't be fucking normal .... wtf is going on?
Top

#10479867 - 09/11/23 05:26 PM Re: Educate me on RSUs (stock rewards) [Re: furball]
Risky Business Risky Business Post Master Supreme Registered: 05/17/10 Posts: 47602	You are going to get the difference back between what they took and your effective rate, like a bonus. You get taxed at 50% or whatever, but if your effective rate is 35% you get the 15% difference when you file your return.
Top

Page 1 of 1

Previous Topic View All Topics

Moderator: c2k, LNXGUY, TheRealCSnapper, The Mad Paki

Hop to:

Shout Box

CSi Sponsors

Civic Type-R 2-Piece Rotors — $814 Front Pair! Made in England!
View EBC Rotors

ClubSi.com Shirts

StopTech NZ
StopTech New Zealand

StopTech Australia
StopTech Australia

Brake Specials
Contact BuyBrakes

Brake Pad Coupon
Use Code: hondafetish