Walmart eCommerce MIP and RSU Policy
Hi - I am currently working at Walmart eCommece (Jet.com - to be specific) and have been exploring some outside opportunities. However, a significant portion of my compensation is tied to yearly bonus and RSUs. From historical payout trends, my understanding is that the bonus payouts happen in March. So, I have been wondering if I need to be at the company until the bonus payout actually happen or I can quit a little sooner and still be eligible for the bonus. Afterall, our bonus is based on the fiscal year which ends in January for Walmart. Any feedback would be appreciated. Thanks all.
Jet.com
For RSUs, you'll almost certainly need to be employed on the vest date in order to receive your next stock vest. As for the cash bonus, there might be several weeks leeway between being eligible and the payout date. Edit: paratha gave a much better answer ^
Paratha can never go wrong in life haha
OP - Check out the Outstanding Equity Awards on Merrill Lynch website. My Vesting date is 3/17/2020. So, you'd have to give you notice on 3/20/2020 since, according to the ML website, the Net shares (or cash, if applicable) are generally deposited to your brokerage account within 72 hours, though this may vary. A confirmation is mailed to you. Just to be on the safer side.
Parathe has a lot of ghee in him
If you leave before the RSU or bonus payout you probably won’t get anything.
Cash bonus eligible date Jan 31, Stock bonus eligible date mid March sometime. If you leave before March, you will lose the rsu’s for the year
How it works for new joining ? Say if I join on Jan 15 will I be eligible for both bonus and RSU on the same year. HR is pushing me join before mid November to be eligible for RSU and not told anything about bonus.
You'll be eligible for the bonus whenever you join. It'll just be prorated if you join later.