Any one else notice on their last pay stub that RDS sold some of "your" shares to cover taxes, which you got in lieu of a bonus, without telling you?
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Have you ever received a paycheck?
Even with the employee share purchase plan, they do sell shares to pay tax on the difference between the market price and the price you get them at.
Do you have "the small print" ? To my knowledge the rollout of these bonus shares was pi-s poor at best when it came to information on how it would work. many workers here in Canada are not entitled to regular performance shares as they are JG6 and lower, and trying to find the details is an absolute maze of links and documents.
You mean without telling you verbally or did you not read the small print ?
Fair, but considering many employees don't have access to the shares, given as bonus, they didn't have the option to hold onto them or sell them before hand and just had their supposed bonus cut in half depending on where the price is now.
Normal. You pay taxes on your income. Those shares are income. Same thing happens on performance shares. Employee share purchase program is different because that is an after tax withholding. So they don't sell shares for that one because you already paid income tax on it.