If you left the company last month what date do your RSU’s vest in your Merrill Lynch account?
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RSUs for the folks cut in September will have vested October 2nd, but the company did not “release” them until recently. You should see them in your individual ML brokerage account now. You will notice you got taxed on the value based on October 2nd, at a high value, even though they were not released to you at that date to trade out at that high stock value.
If I’m not mistaken, managers also were able to postpone their severance pay until next year too, rather than pay more in taxes on higher income this year. If so, it’s another case of treating managers differently because, you know, managers are better than all the others, even if they’re getting the boot.
If you were let go effective September 10, your RSU’s should have vested (or partially vested) the first week of October, with too-low taxes removed, so you should liquidate more to write the IRS a check. Thanks ConocoPhillips! If you’re a manager, you have more flexibility, because managers are treated differently.
30 to 60 days.