Greetings Proofpoint employees! With Proofpoint being acquired by a PE firm, what happens to your unvested RSUs? Does it get cashed out or discarded?
QWERTY
Any non executive employees willing to chime in?
We are told that we will get details about unvested stocks soon.
All unvested will become 0?
Hope not, but details will be shared with us soon.
Unvested stock to get paid as cash bonus during time of vesting.
Re-pinging this thread to see if any answers regarding accel of unvested shares
Would be good to know at what price was unvested stock paid as a cash bonus? Was it 176/share?
Yes
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Typically their vesting is accelerated and they are cashed out on all unvested RSUs.
Not always the case for regular employees.
I’m not sure for regular employees but for mid to C Level executives i ve always seen accelerated vesting.