Whether you work for Apple or another tech company, you may have stock compensation, including restricted stock units (RSUs), as part of your total compensation package. What happens to your RSUs if you leave the company? Here are a few scenarios to consider:
- Have your RSUs already vested? If so, they belong to you, and it’s at your discretion what you do with those shares once you leave (sell, hold, etc.), barring any company-specific policies or restrictions.
- Do you have unvested RSUs? If so, they may be forfeited, or you may be able to negotiate with your employer to accelerate the vesting on those units. You should review your agreed-upon terms with your HR department to determine your options.
- Do you have access to non-public company information? Depending on your position and access to confidential information, your company may restrict when you can sell, according to its trading policies.
Managing RSUs can be complex, with an additional layer of considerations if you decide to leave the company. For all the scenarios above, we encourage you to discuss your options, tax implications, and details of your employment agreement with your HR department, a CPA, and a financial advisor to determine the best next steps for you.
With over 20 years of expertise, Opes Wealth has logged thousands of hours helping tech employees in a similar situation. We’re happy to guide you through your decision. Contact us if you have questions.
