Hello Blind Family! I am a fresher and was placed in Oracle IDC. Now as any campus placement package I was offered 600 RSUs with vesting period 4 years. I don't have any idea how will this be vested or how can I redeem it (is there an app for it or something). Can you please share the process? This might also help other people who are unfamiliar with the process. Also how much of this part will be taxed. People in other companies like amazon, google etc. are also welcome to share the process in comments. #interview #finance #ubs #ey #goldman #goldmansachs #goldmanbonus #capitalone #capitaloneinternship #towerresearchcapital #alphagrep #trading #tradingtech #vp #associate #ib #investment #investmentbank #quant #softwareengineering #sde #jpmorgan #jpmorganchase #oracle #oracleemployees #uber #confluent #towerresearchcapital #microsoft #atlassian #google #amazon #flipkart #quant #swe #offer #jobhunt #jobopening #jobs #yugabyte #goldmansachs #hft #application #itransition #it #iit #bitspilani #sde2 #sde #sdet #swe2 #mumbai #finance #quant #risk #equity #tc #promotion #tech #information #it #tech #engineeringmanagercomp #engineer #engineering #engineeringprogrammanager #tech
New grad. here AFAIK the company will hold back ~30% of your 150RSU and give you the rest at the end of the first year. Then, you can sell them off. After that, it'll depend on your vesting schedule(quarterly/monthly/yearly) but again ~30% will be held back and sold by the company to pay taxes.
Thanks man! Can you dm me your linkedin profile. Maybe we can connect and discuss about these RSU's in future.
Can you confirm if the vesting schedule is still yearly post the first year? TIA
DM me and I can walk you through the process
How do we show it in ITR form here in India ?
Should be in your form 16 under deductables
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Instead of creating this long post if you have googled, you would found the answer https://groww.in/p/restricted-stock-units/
I know what the RSUs are, I wanted to know its process. Sorry if this sounds like a naive doubt, like I have read of something like fidelity app and other things. It would be great if I could get an overview of that.
They are just like any other stock. Once they get vested, you can sell