1. What happens to Twitter RSUs vesting now that Twitter is privately held? Will they be converted to cash at vest or do employees need to wait for liquidity event? 2. Will new hire offers still include RSU? #twitter #rsu
Your brokerage will likely reflect the cash balance on Monday, it will be 54.20xnum_shares - brokerage commission.
Rsus convert to cash at 54.20
What happens to people with unvested shares?
They’ll keep vesting. The difference is you’re get cash instead of stock.
They evaporate into thin air. I think Twitter told folks they would get paid cash at 54.20xshares_vesting at each vest period of 2022. TBD for upcoming years.
You know...it's 5 "420". As in, it's going up in smoke.
So do Twitter engineers still get refresh… cash grant????
Yes, from their next employer if they have the talent to get a new gig. Everybody good will get new jobs, whatever tech competence they have will be whittled. It's funny Daddy Musk said exception people can work from home - guess what buddy, it's even **easier** for those people to get a new job. You won't have to be worrying about accommodating the top talent now. Dumbass.
You won't get them if you haven't vested it already. He's going to lay those people off first.
So what kind of offers will new hires get?
All your RSUs are belong to Musk
Bwahahahaha! Best comment award!