Stock options for PSG 26+ awarded in 2020 vest next year. Right now those options are 130% above target. It’s ok though. Twenty percent of PSG 23-25 are eligible now that CVX stock hit an all time high.
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PSGs 23-25: don't hold your breath. This sounds like yet another way of "congratulating" high-pots, ordinary working stiffs will see nothing of these.
PSG 23-25 restricted stock isn’t guaranteed, it’s .just an incentive for high performers and subject to selection by your supervisor/manager as I understand it. In other words it looked like they were throwing you a bone, but not really.
You don’t get options for psg 23-25. You get restricted stock that vests after 3 years. Better than not having them.
It’s a 5-year vesting period for PSG 26+
Enjoy your options issued at an all time high… good for toilet paper in a few years.
Nothing worse than options during a high stock price.
And by the time they can cash them out they'll be worth pennies on the dollar.