I recently left Walmart. But today when I look at my merrill lynch account, all rsu in my associate stock incentive plan are gone. Their status now is Cancelled(Terminated). They were granted at early April this year. Do I lost them? Anything I can do to get them back?
Were they “vested” or just “granted”? If just granted then you lose them after leaving the company That is the concept of RSUs
RSU grants come with vesting schedules. How long were you employed with them before leaving?
for about 2.5 years
So you got your first grant after 2 years?
Were them vested or not?
Assuming granted in April and you left in June and they weren’t vesting monthly then yea they are expected to disappear. They are companies property till they vest. And no you can’t get them back.
Of course unvested ones will be removed
Yes, that’s how unvested stocks work. Otherwise you could just get a job, leave on day one, and get money for years. All vested stock is yours and should not disappear though.
Thank you all for replying. It's granted, not vested. Well, I could only say walmart's vest schedule sucks.
Most companies have a year Cliff and vest 25% each year
Are people this stupid?
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Congrats on the new job. That is how Restricted Stocks Units(RSUs) works if your question is about unvested stocks gone off.