Thoma Bravo to Buy Anaplan for $10.7 Billion and if history repeats expect zero upside going forward for employees C -Suite only
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Can you explain this a bit more? I thought SailPoint employees got a decent deal out of their thoma bravo acq
Current employees will get paid $66 share on close . Going forward equity and cash compl will plunge as growth will no longer matter . Comp plans Will be all all about NI and FCF and typical PE deal , the only beneficiaries from on will be C-Suite
What is NI and FCF ?
Hi, I am supposed to join Anaplan in 2 weeks. Can anybody give pointers on how will the compensation structure change for new employees since they do not have any vested stocks yet?
Decline the offer!
I wish, but I gave my notice to my employer a week ago so staying back here is not good for me either. Not sure what to do at this point.
Give it a few years and PE will care about upside again when they spin off for an IPO exit again. This is happening with medallia right now
Itās a meme company anyways. Whoever buys it are fucked tbh
What happens to employees whose RSUs are not vested?
Best case - they give you equity that is not public and goes nowhere
We got updates from CEO today. Seems like pretty good deal in current circumstances
Could you please elaborate more on changes in the equity, bonus and other compensation structure?
Not sure what this will mean for you, but for current employees, unvested shares that are due for FY23 will have an accelerated vest and will all vest at the time of the acquisition completing (next couple of months), at the price of $66/share. For all shares vesting in FY24 and beyond, they will continue to vest as per the existing schedule, but with a fixed price of $66/share. No upside, no downside. For employees with vested shares, then the same applies to them as outsiders with Anaplan shares - they will be sold at $66 each and the money will be transferred to the share account. There is no announcement regarding salary/bonus but considering the fact that the acquiring company is Private Equity firm, it doesn't look good. Most people inside are selling their vested stocks now (in case the deal falls through and the stock price free falls).
Itās an ok deal i think . All equity through Jan 23 will be paid out as one time vest on deal close date at 66 per share . But not clear on what happens after Jan 23 . From what I could understand they will still honor the equity on a quarterly basis still paying out at 66 a share , but not sure if the value will fluctuate base on any criteria . Espp will be stopped and some alternative compensation policy will be applied to cover for that.
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