Thread regarding Citrix Systems Inc. layoffs

Anyone know if/when unvested RSUs are going to pay out?

I'm not even sure if this an if because I'd imagine that the deals of the acquisition would have covered unvested RSUs for those who received them.

So lets just assume for the sake of argument that they are going to pay those out in advance (because the alternative is horrifying to consider). Any thoughts on when?

Everyone has been saying "the deal will close in August." Does "deal closed" mean that all those unvested RSUs are paid out? What are the mechanisms for this?

Has anyone on this board been through a similar circumstances--a public company with equity being taken private after having outstanding and unvested RSUs?

Seems very edge/corner case and not generally a move closely correlated with health but here we are.

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| 1772 views | | 4 replies (last May 3, 2022) | Reply
Post ID: @OP+1gxOCld7

4 replies (most recent on top)

This has been covered at least 20 times in various meetings. It is also on the backstage FAQ. The unvested RSUs will be converted to a cash payout of $104 for each unvested RSU at the same vesting schedule they were granted with. So if you have 100 shares vesting 4/1/2023 you will get $10,400 cash payout (minus income taxes the same as RSUs vesting).

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Post ID: @1uqj+1gxOCld7

Don't bet on future vesting. People already got some of their RSU canceled. Tibco will cancel 90% of all grants and promise some "great flexible" bonus plans.

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Post ID: @1yqg+1gxOCld7

Fixed at $104 per share same vesting schedule.

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Post ID: @qwb+1gxOCld7

I think they covered this in one of the first GEMs or FAQs, as someone asked the question directly. The un-invested RSUs are meant to keep the same schedule. I don’t think they shared the criteria for payouts yet.

I have RSUs that don’t vest until 2023 and 2024 but the uncertainty over how it will pay out still makes me want to leave

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Post ID: @bxk+1gxOCld7

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