GayOfThrones
Active Member
Is there any downside to this?
MIP RSU Fast tracking
- Thread starter GayOfThrones
- Start date
Lineandinitial
Legio patria nostra
What are you talking about?
No down-side but I wouldn't call it fast tracking as the shares don't lapse, just vest, any quicker. I assume it is a positive sign of peak results and UPS is moving expense forward.
Restricted shares from MIP awards from 2017 and 2018 will now all vest in 2020 so no longer a 5 year vesting period for any existing restricted units.
Lineandinitial
Legio patria nostra
Thanks. I have not heard about that.
They will not 'lapse' prior to the original schedule so they won't all transfer to computershare. The only real impact of this would be if someone with these shares leaves the company before retirement in the next 2 years they won't lose them.
VacationIsCancelled
Active Member
My cynical self tells me 2020 is the last year for the MIP in its current form, and there is some tax benefit to UPS to do this now. I don't know what form MIP may take, but I think this is it like I said.
CHEMA-DELMA
Well-Known Member
Been retired since July of 2017, still have some RSU'S headed my way. My opinion was I should have had the opportunity or choice to take them all with me or leave them as is. So after 30 years they still did not care or want my opinion......
Popeye
Well-Known Member
After 30 years did you find this surprising?
Popeye
Well-Known Member
MIP in its current form is an anachronism. They should have done away with it or completely revamped it to make sense as soon as the company went public.
oldbrownguy
Well-Known Member
Does anyone know what date these RSU's will post? Thanks....
Lineandinitial
Legio patria nostra
15 JAN
Can we sell them then?
Lineandinitial
Legio patria nostra
yes
awesome. thx
GayOfThrones
Active Member
GOOPED!
They vest on 1/15 but post in Computershare 1/20 for the older shares.
Lineandinitial
Legio patria nostra
It's in mine. If this POS stock goes up beyond $160 in the next few days, I'm selling.
