That isn't correct. You receive all RSUs the following year for the 2018 MIP (received 2019) and after. Prior years were not impacted by the change. We still have 'old' RSUs pending from 2 of those years.
2020 MIP
- Thread starter Member 08
- Start date
Yup, this is the correct information.
FYI all UPSers with pending shares can login to Merrill Lynch and see what they have and when it will vest and be released to Computershare, at which point you could convert and sell it if you so choose. Be mindful of short term capital gains tax if you sell after that first year.
OK4service
Member
Ive heard similar rumblings. Whats your guess?
PASinterference
Yes, I know I'm working late.
One Friday off per month and a hand job from a homeless guy.
OK4service
Member
Do i have to redeem the Handy on the Friday off?
PASinterference
Yes, I know I'm working late.
Yes, he requires a MIP handout, too.
DELACROIX
In the Spirit of Honore' Daumier
Needs to better than 1.5 or higher
QuickBrownFox
Member
This vesting and lapsing confuses the hell out of me. In Merrill Lynch it shows that my entire MIP stock award from last year will lapse on 3/5/22. So does that mean I still only get 20% this year and the rest split up over the following years? What does "lapse" mean exactly? How would I tell when I'll actually receive any shares in my Computershare account and how much of my lapsed stock will I receive? All it shows is that all shares from last year will lapse on 3/5. So damn confusing. Thanks for any help.
CHEMA-DELMA
Well-Known Member
I have 1 more year headed my way, I have always received them in Jan. But I am told the it changed again. Never understood why except they held onto my $$ for a 5 year payout. Does anyone know the drop date by chance?
Thanks in advance.
RSUs that were received 2018 and before and were spread over 5 years lapse in January. RSUs that were received after that and are received the following year lapse in March. Lapsing means that the RSU period is over and they are converting to class A shares in your account. I don't have the exact time frame but it takes in the neighborhood of 2+ weeks before the lapsed share show in Computershare. QuickBrownFox, you will get all of your share from last year, less what is used / withheld that the government extorts (taxes).
CHEMA-DELMA
Well-Known Member
Thank you
When does it get announced ?
Feb 3rd. Paid on March 4th.
PASinterference
Yes, I know I'm working late.
You guys are pathetic. I'm glad I don't have to wait on MIP to see if the bills get paid. Sad life to live.
dropinthebucket1
New Member
gonna be less than most think
OrionIsDaddy
Well-Known Member
Im going to guess 134%
