20-171D 20-171D . . . Restricted Stock Plan under which a committee of Board of Directors sells shares of common stock to certain officers and senior employees at a price substantially below current market price. The shares are subject to following restrictions: (a) prohibition against any sale or other transfer and (b) obligation that participant (at corporation's option) must resell shares to corporation at price he paid for them if he ceases to be employed by corporation prior to expiration of from five to nine years after shares were sold to him, for reasons other than normal retirement, death, total disability or early retirement with consent of Board or committee. Except as otherwise provided, restrictions lapse as to 1/5 of aggregate number of participant's shares at expiration or each of fifth through ninth years after his purchase of such shares
Georgia Restricted Stock Plan of Sundstrand Corp.
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How to fill out Restricted Stock Plan Of Sundstrand Corp.?
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FAQ
A restricted stock unit (RSU) is a form of equity compensation that companies issue to employees. An RSU is a promise from your employer to give you shares of the company's stock (or the cash equivalent) on a future date?as soon as you meet certain conditions.
Restricted stock units do not carry voting rights until they become vested. Once they are vested, the units are converted into common stock shares and carry all the usual rights of stock ownership. The same goes for dividends: restricted stock units do not pay dividends until they vest.
Choosing stock options vs. RSUs is a tough decision, as there are positives and negatives to both. Generally, it boils down to the fact that RSUs are less risky, as they don't involve spending any money to get the stock. However, keep in mind that as an employee receiving either you likely won't have a choice.
RSUs are generally subject to a vesting schedule, meaning the stock does not fully belong to the employee until such a time it is vested. During the vesting period, the stock cannot be sold. Once vested, the stock is given a Fair Market Value and is considered taxable compensation to the employee.
A Restricted Stock Award is a grant of company stock in which the recipient's rights in the stock are restricted until the shares vest (or lapse in restrictions). The restricted period is called a vesting period. Vesting periods can be met by the passage of time, or by company or individual performance.
Here's an example. Say you've been granted 1,500 RSUs and the vesting schedule is 20% after one year of service, and then equal quarterly installments thereafter for the next three years. This would mean that after staying with your company for a year, 300 shares would vest and become yours.
One advantage of restricted stock is that when the award vests, your employer commonly withholds income tax on the vested value. Employers will often also include the value of your vested restricted stock units in your W2 at year end.
Restricted stock units are a form of stock-based employee compensation. RSUs are restricted during a vesting period that may last several years, during which time they cannot be sold. Once they are vested, RSUs can be sold or kept like any other shares of company stock.