Just wondering, say if you join a company and they grant you $40,000 dollars worth of RSUs. These are unvested and 6 months later they do mass layoff and your role is eliminated. What happens to those RSUs? Do they provide accelerated vesting and give you those shares or will it expire?
Appreciate your inputs regarding this.
No one has done accelerated vesting as far I know for anyone below L8 or Senior Director.
If not vested then they move back to org, obviously saving on those RSUs is one of the reason for layoffs.
It will be vested based on the clause mentioned on the RSU agreement or they should give you a revised contract. If there is no clause, there is no accelerated vesting.
Have heard of a couple of companies who provided accelerated vesting (but only by a small margin e.g, 3 months). This was for an unlisted company’s stock options though and not for RSUs. For RSUs companies will follow the agreement that you signed on joining.
Yeah, hence they usually layoff just before vesting date.
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