Company pays tax on RSUs
Verbal offer from a recruiter stated the company pays the tax on RSUs when they vest. Has anyone come across this before? How does it work? Thanks
🥺
Get it in writing. This is typically known as a “gross up”. I’ve seen it in context of a relocation package but never for equity
The recruiter mentioned double trigger which I just researched.. based on the research it means the taxation happens only after vesting AND IPO
Like they pay the taxes for you with a portion of the vested RSUs?
Yeah I thought that everyone does this?
Roku does this and so did my previous employer.
Most likely they meant a standard practice paying tax using your RSU on vest event. It similar to how a tax works on a paycheck.
Agreed. But it’s also possible that this is some kind of “gross up” scheme. OP, make sure you get this in your offer letter and/or grant documentation !
They sell part of your vested stocks to pay the taxes... Most companies do this
Which company ? I want to join