Dear Bogleheads,
I'm trying to help out a coworker. As part of her compensation package, she received an offer letter from a company stating, "You will be granted Restricted Share Units (the "RSUs") for a number of shares equal to $100,000 divided by one half of the closing price of the company's ADSs on the date of grant, which RSUs will be granted pursuant to and will otherwise be subject to the terms and conditions of the company's Restricted Share Unit Incentive Plan (the "RSU Plan") and the company's form of Restricted Share Unit Agreement (the "RSU Plan Documents"), and your acceptance of those." She was told her RSUs are vested 1/3 every year. I appreciate any assistance in translating that paragraph into something that is easier to understand. Her company stock closing price today was $59/share. Thank you very much.
I'm trying to help out a coworker. As part of her compensation package, she received an offer letter from a company stating, "You will be granted Restricted Share Units (the "RSUs") for a number of shares equal to $100,000 divided by one half of the closing price of the company's ADSs on the date of grant, which RSUs will be granted pursuant to and will otherwise be subject to the terms and conditions of the company's Restricted Share Unit Incentive Plan (the "RSU Plan") and the company's form of Restricted Share Unit Agreement (the "RSU Plan Documents"), and your acceptance of those." She was told her RSUs are vested 1/3 every year. I appreciate any assistance in translating that paragraph into something that is easier to understand. Her company stock closing price today was $59/share. Thank you very much.
Statistics: Posted by NoleDawg — Tue Jul 23, 2024 6:22 pm — Replies 7 — Views 689