After Medallia was acquired by Thoma Bravo, what happened to employee RSUs? We are now potentially going to be acquired by someone, possibly a PE and there is a lot of discussion and whatifs in the ranks of what could happen to our RSUs, both vested and unvested. (I have zero information on this) Some companies cash out all RSUs (both unvested and vested) and some cash out vested RSUs and 'cancel' unvested. (while, of course, making sure that execs are fully paid out on contract) Also interested in other companies who were bought out by PE #medallia #privateequity #thomabravo
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The unvested RSUs continue to vest as scheduled at a guaranteed $34/share cash. Employees were very well cared for in this deal. (And manā¦the market timing..)
They continued to vest after the acquisition? how does that work? Was there any vesting acceleration or cash out of RSUs?
No acceleration. Vested RSUs were shares, and therefore were paid out as shares. Unvested units continue to vest on the schedule they always would have (no acceleration) but they just pay $34/share cash when they vest instead of becoming stock.