2020 MIP

F

Fenris

Well-Known Member
Brownwifey said:
Actually, the vesting of RSU's was changed to one year, but the LAPSE schedule is still 20% for five years. So for $1000 RSU's you would wait 1 year (100% vested, 20% lapsed), year 2 (20% lapsed), year 3...... . If you retire, all your RSU's vest immediately but lapse as per the normal schedule. Ridiculous, but true.
Click to expand...
That isn't correct. You receive all RSUs the following year for the 2018 MIP (received 2019) and after. Prior years were not impacted by the change. We still have 'old' RSUs pending from 2 of those years.
 
D

DaveA

Well-Known Member
Fenris said:
That isn't correct. You receive all RSUs the following year for the 2018 MIP (received 2019) and after. Prior years were not impacted by the change. We still have 'old' RSUs pending from 2 of those years.
Click to expand...

Yup, this is the correct information.

FYI all UPSers with pending shares can login to Merrill Lynch and see what they have and when it will vest and be released to Computershare, at which point you could convert and sell it if you so choose. Be mindful of short term capital gains tax if you sell after that first year.
 
Q

QuickBrownFox

Member
This vesting and lapsing confuses the hell out of me. In Merrill Lynch it shows that my entire MIP stock award from last year will lapse on 3/5/22. So does that mean I still only get 20% this year and the rest split up over the following years? What does "lapse" mean exactly? How would I tell when I'll actually receive any shares in my Computershare account and how much of my lapsed stock will I receive? All it shows is that all shares from last year will lapse on 3/5. So damn confusing. Thanks for any help.
 
C

CHEMA-DELMA

Well-Known Member
QuickBrownFox said:
This vesting and lapsing confuses the hell out of me. In Merrill Lynch it shows that my entire MIP stock award from last year will lapse on 3/5/22. So does that mean I still only get 20% this year and the rest split up over the following years? What does "lapse" mean exactly? How would I tell when I'll actually receive any shares in my Computershare account and how much of my lapsed stock will I receive? All it shows is that all shares from last year will lapse on 3/5. So damn confusing. Thanks for any help.
Click to expand...
I have 1 more year headed my way, I have always received them in Jan. But I am told the it changed again. Never understood why except they held onto my $$ for a 5 year payout. Does anyone know the drop date by chance?
Thanks in advance.
 
F

Fenris

Well-Known Member
RSUs that were received 2018 and before and were spread over 5 years lapse in January. RSUs that were received after that and are received the following year lapse in March. Lapsing means that the RSU period is over and they are converting to class A shares in your account. I don't have the exact time frame but it takes in the neighborhood of 2+ weeks before the lapsed share show in Computershare. QuickBrownFox, you will get all of your share from last year, less what is used / withheld that the government extorts (taxes).
 
C

CHEMA-DELMA

Well-Known Member
Fenris said:
RSUs that were received 2018 and before and were spread over 5 years lapse in January. RSUs that were received after that and are received the following year lapse in March. Lapsing means that the RSU period is over and they are converting to class A shares in your account. I don't have the exact time frame but it takes in the neighborhood of 2+ weeks before the lapsed share show in Computershare. QuickBrownFox, you will get all of your share from last year, less what is used / withheld that the government extorts (taxes).
Click to expand...
Thank you
 

Similar threads

D
2023 MIP factor?
2 3
Replies
49
Views
8K
John D
J
V
Retirement paycut
2
Replies
22
Views
1K
rod
rod
E
MIP 2022
11 12 13
Replies
240
Views
44K
UPSBD
UPSBD
V
UPS retirement ?
3 4 5
Replies
82
Views
5K
Wally
Wally
MassWineGuy
Of Course, We Care About Your Safety
Replies
0
Views
1K
MassWineGuy
MassWineGuy
Top