Yeah, I know. It's against company policies to buy derivatives to hedge against the possibility of your vested RSUs from declining in value...But hey, pretty soon a lot of us aren't going to be employees anyway so those company policies won't apply anyway! Meanwhile, those of you that were all goodie-two-shoe employees...Now you get to deal with Qualcomm throwing your ass out the company AND dealing with vested RSU shares that have lost a lot of value, because you didn't hedge against the possibility of the shares significantly declining. Lose-lose, for you. But hey, listen to HR....I am sure they always have your best interest in mind....NOT!
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I checked the price of the 64.50 puts expiring in the next week on the night of 7/21-7/22 before market open and people wanted well over $1.20 per share for them, despite the fact that the stock had closed at over $65. I decided it wasn't worth it and just dumped my shares.
If you look at it this way, all the executives all have golden parachutes...Even if the company does bad, they still get well compensated for being useless and/or driving the company into the ground. You, on the other hand, have no one looking after you in your best interest. Yeah, sure , the give you options/RSUs that make you think that you are worth something and valuable. But, when they lay you off, you won seem those unvested RSU's vest... They'll give you maybe 2 months of pay and send you on your way. Meanwhile, all your loyalty and belief in the company's future that motivated you to hold on to those RSU shares, where did that get you? Nothing, just a declining stock price that you have to eat, with no way to protect you against the financial uncertainties of the company's performance...And now, you're shown the exit door...The company, HR, and the management team isn't looking out for you and your financial situation.......And you're still worried about violating a stupid company policy, that again, is only a company policy????
The only reason why some of us know to do this, is not because we are smarter...It's because we've already gone through a similar thing at another company. So we're seasoned to know how to best protect our own financial state...On the other hand, we're also seasoned to know that HR is seasoned to look after the company, not you....So, short of saying "we told you so", I hope you folks that were all goodie-two-shoe now understand what some of us less naive people have been trying to tell you all along....Because EVERY company does this to try to screw you over....Qualcomm included now...