Was surprised to see my vesting schedule still active after my term date, and then lo and behold the shares actually did vest and deposit in my account. Haven’t sold them yet but emailed the people team address and sounds like a whole batch of termed folks were processed incorrectly, and the updated employment statuses didn’t make it to Morgan Stanley. They said they were trying to “reverse the vest” but… I’m not sure that’s possible! Anybody else leave EG recently and have some extra stock vest? TC: 500k, 15 YOE
Wow. What’s your location OP
What level were you at EG? (Not related to your question, just curious how giant your TC increase was....)
High M, it was about 2x
Sell immediately. That happened to me and I held and they revoked them a month later.
Is the revoke like a “best effort” try to claw them back? Hard to imagine if they can do that I wouldn’t be on the hook for them
Well they just took back and said it was a mistake that wasn’t caught. I would just sell ASAP before they notice. My stocks vested once a month. They also kept paying me but didn’t ask for that back. Once they are sold , it’s really not worth asking unless it’s substantial. Just saw you asked. Now you can’t play dumb. 😂 they can reverse the vest. I had that happen and HR reached out to me and explained.
What happened with this?
No response to my second email. Shares still sitting in my account.
Update: as of 1/2 the shares appear to be gone.
👏
Finders keepers