Started with Cisco March 12
Board meetings schedule - 3/27 , 6/5
Now I am told that my rsu grant will be approved in 6/5 not in 3/27.
Is this correct? This info is from HR and there is no document available with her when I asked.
So this is 3 months delay in schedule. In case I decide to leave Cisco before 4 years I loose 3 months RSU.
Is this correct process?
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comments
Though you have an RSU set - itโs not official until itโs approved by the Board of Directors in a public company. That next meeting is June. Once approved, your RSUs begin to vest from that date. So after one year from June, youโll get 25%, and then every 3 months after, youโll get 6.25%.
Has nothing to do with being laid off...mostly every company is like this.