RSU Recommended

Adobe
quPk70

Go to company page Adobe

quPk70
Apr 3 4 Comments

I have received offer letter for internal transfer in Adobe to another team. The offer letter states that "You will be recommended for an equity award with an initial target value of XX CAD. This award value will be converted into a number of restricted stock units (RSUs) that vest into Adobe common stock, using the average daily close price of the month in which your Adobe start date falls. This RSU award is subject to final approval by our Board of Directors."
Should there be concern to get it approved? Should I verify with the hiring manager on the terms and conditions or is this only because of any contingency?

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  • Most external offers I have received have that conditional clause for rsus. Shouldn't be a worry I think.
    Apr 3 1
    • Investment Bank
      Glinda

      Investment Bank

      PRE
      HP
       Glinda
      This. It would be better if the letter states "you will receive" instead of "you will be recommended to receive" but all companies purposely use vague language around regulated shates. You should be fine.
      Apr 3
  • Adobe
    RBYb71

    Go to company page Adobe

    RBYb71
    By law all stock issuances have to be approved by the board, including rsu’s. They’re probably just given a long list of employees (likely in the tens of thousands) and their proposed rsu grants every meeting and they just approve. Board members aren’t going to call a special meeting to get your RSUs approved, so I wouldn’t sweat it
    Apr 3 0
  • Stripe
    BigMouth🐟

    Go to company page Stripe

    BigMouth🐟
    The board approval thing is pretty standard. It’s just a rubber stamp along with all the new hire awards, refreshers, etc.
    Apr 3 0