Supposedly E-trade was going to have the stock swap debacle straightened out by the end of this week, and when I checked my E-trade account this morning, the "Potential Benefit Value" for the unvested RSUs went from $0 yesterday to a substantial amount this morning. However, when I just checked the account again, the Potential Benefit Value is back to $0. What gives?
8 replies (most recent on top)
I never seen a Chinese company be such an Indian giver with their stock.
I'm in the same boat. I took a screenshot of my holdings yesterday AM to make sure that I have record of the # of unvested RSUs I had and the release cycle. I think the release cycle may be changed to line up with the release schedule at BC.
In any event, I'm only waiting for a few RSUs from Nov 1 vest. Everything else I have vests either right before or right after the end of my transition period.
Hopefully the VMW to AVGO ratio will be implemented in the next week or so. Was really looking forward to that RSU vest right before Xmas.
It’s called a sc**w up. Now everyone is waiting for RSUs from end October and end November now.
Etrade mentioned that they VMware didn’t enter the details in their stock plan admin portal and only the employer can correct it. They just provide the platform and can’t legally fix anything till employer allows them too. VMware HR/benefits team seems to be missing in actions
E-Trade received incorrect data and realized it after the previous batch run was posted. They made the corrections in tonight's batch. I wish those numbers stayed though.
Most likely because they didn't convert the VMW to AVGO properly and giving you 5x the value was never going to last.
Its called PUMP and DUMP.
I see the same behavior pointed out by Op.