I had accumulated some shares via RSU and ESPP that I had not sold. They are still sitting in Fidelity. Has Citrix shared what happens to these? Are they automatically sold and we get the cash, or do we need to sell them today?
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Careful on the ESPP. There could be significant tax effects of the forced sale. Better talk to a tax accountant right away and plan on setting aside money for taxes due.
Yes, converted to cash at 104 USD per share.
Just got an email from Fidelity with this info..."When the transaction closes, all shareholders who own Citrix stock will receive $104 in cash for each share
of Citrix stock you own, which may include vested Restricted Stock Units (RSUs) and shares purchased under
the Employee Stock Purchase Program (ESPP). The cash will be deposited into your Fidelity Account®.
Unvested RSUs will be converted into a contingent right to receive a cash payment equal to $104 per share,
subject to the terms and conditions of your grant agreements, including your existing vesting schedule, so
long as you remain employed by Citrix. The cash payments will be made into your Fidelity account shortly
after each vesting event."
Surely if the shares haven’t been sold, they can’t own the company?
RSUs have already settled to cash in Fidelity, at least for some.
Vested shares get paid out soon at $104 per share. I believe unvested shares get paid out at their regular vesting schedule if you are still employed by that time.
They will convert to cash within the next few days or so. Hang tight. It won’t take too long. They will (probably) answer that question in the all hands if the conversion hasn’t taken place before next Tuesday