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Equity question on potentially bankrupt company

Hi all, Sorry if this is the wrong place to put this, but I'm currently employed at a public company that is going through challenging times and faces potentially being delisted soon. I recently had RSUs vested that don't amount to a huge sum of money based on our stock price but would be worth cashing out for. I have worked at public companies before and always thought the settlement dates are always the same as the vesting dates, but just found out recently my company can basically decide and choose when my RSUs settle. The agreement says they have even up to 90 days. I'm sure it's legal, but is this common or scummy?


Hi all,

Sorry if this is the wrong place to put this, but I'm currently employed at a public company that is going through challenging times and faces potentially being delisted soon.

I recently had RSUs vested that don't amount to a huge sum of money based on our stock price but would be worth cashing out for. I have worked at public companies before and always thought the settlement dates are always the same as the vesting dates, but just found out recently my company can basically decide and choose when my RSUs settle. The agreement says they have even up to 90 days. I'm sure it's legal, but is this common or scummy?

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