Thread regarding Oracle Corp. layoffs

Earnings Call… Stock Soars

Hopefully the stock increase will help those laid off with RSUs about to vest! Thoughts?


by
| 1401 views | | 5 replies (last September 11) | Reply
Post ID: @OP+1k4rv406h

5 replies (most recent on top)

I believe that some grants are scheduled to vest on Monday, Sept 15. So we should know by early next week what happens to them. Others vest later in the week.

by
| | Reply
Post ID: @hh+1k4rv406h

I was told by HR Services that your RSUs vest until your ‘Separation’ date and this date is after your access cut-off last day actually worked.

by
| | Reply
Post ID: @hf+1k4rv406h

Last time I was put on gardening leave, I ended up losing my unvested RSUs. I’m not 100% clear on the mechanics, but it seems that once you’re on notice, you’re not treated as a full employee anymore, and the unvested equity gets blocked.

by
| | Reply
Post ID: @gp+1k4rv406h

Yes 100% sure. As long as you vest before your final day of employment- gardening leave is still on payroll.

by
| | Reply
Post ID: @a9+1k4rv406h

Are we absolutely sure "gardening leave" (after access is cut) is not blocking RSU from vesting?

by
| | Reply
Post ID: @a4+1k4rv406h

Post a reply

: