Are tenured employees with heavy RSU vesting between 2023-26, and beyond being severanced to drive up stock price? It just seems like this was a planned effort to cancel out future RSUs diluting the share ratio? Stock has spiked in the last two weeks and not much has changed from quarterly reports to justify why when other stocks are tumbling. New record price $157?, was achieved this week. My stocks were cancelled off had I been kept employed beyond 2023.
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Dont be silly, its stock buy backs and the dividend
Deanna King just got approved to sell over 1 mil of restricted stocks as per the investment tmob page. Is a another VP out ??
The increase in the stock prices are due to the huge stock buyback program that the company is currently implementing. It's nothing more devious than that.
I’m the OP. There’s no need to be snarky and yes I’ve read all documentation frontwards and backwards. Yes I’m aware of the initial vesting. What I’m pointing out is general cuts to workforce to reduce outstanding RSU shares beyond 2023, if it’s factored in to help their liquidity share.
Did you actually READ your separation agreement? Upon the end of Garden Leave, you were fully vested in the shares which were due to vest on 2/23/24. I now have these shares, less shares withheld for taxes, in my account. I can sell them for cash whenever I want.
Yes, we lost the 2025 and 2026 shares still waiting to be vested. Those shares return to the RSU pool...to be distributed to employees who didn't get laid...off.