So our stock options are being converted 1:1 to the new stock. What's this about a double trigger? The way I read it, it sounds like all outstanding options would vest immediately upon termination (aka layoff, not you got caught at a Coldplay concert). If that's right, then why?
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does everyone have stocks? Are they RSUs or options?
@c1 good observation, the letter says all awards outstanding as of Dec 9 2024.
It’s not all your unvested RSUs. It doesn’t count the RSUs you got in March.
@OP is talking about LTIP (RSUs and PSUs). The double trigger part applies to unvested awards. See email/letter from 7/29.
@ac The docs we were sent we if you wanted to convert your stock now at $15 a share at the merger. What other docs?
This is a test comment to see how quickly it will get downvoted by angry woke sharks who don't read before they downvote.
@a6 this is not true, at the moment. As part of the merger, if you are let go, within the next 24 months, without cause, they will vest all your unvested stock. Read the docs we were sent.
You only have access to available options (vested) if you are terminated. At merger your stock is not vesting its just being converted to a new stock.