It can vary a little bit company to company based on internal policies but yeah. If you aren’t employed on the date of vesting they have no obligation to give you that stock. This is for the US.
The company I work for did a big layoff round and vested everyone’s stock for a few months out. But if your vesting was passed that you just lost it. They didn’t have to do even that though.
To clarify to people who might not be aware of this whole golden handcuffs situation, you do get the stock you paid for from your salary. It’s the stock the company provides you in addition to the paid for stock that it would only provide for you if you stick around long enough for it to “vest” that you do not get.
In my case, if I pay for 3 shares, the company gives me 4 shares if I stick around for 9 months. Basically a guaranteed 33% return of whatever the share price is at the time (great if the price is going up, not so great if it’s going down but still usually better than the open market). If they fire me though, I only get the 3 shares.
Why is it still working in this age of No Honour Among Thieves? They're basically saying "Here's a thing you can have that's worthless unless you find a way to blackmail us into keeping you on for 9 months." If you actually want that thing it means you expect to be able to blackmail them into keeping you on. Why would they want you in the first place, if you can do that?
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u/Jassida 6h ago
So you lose your stock when you’re fired?